This module allows you to analyze existing cross correlation between DOW and Broadridge Financial Solutions Inc. You can compare the effects of market volatilities on DOW and Broadridge Financial and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in DOW with a short position of Broadridge Financial. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and Broadridge Financial.
|Investment Horizon||30 Days Login to change|
Given the investment horizon of 30 days, DOW is expected to generate 1.95 times less return on investment than Broadridge Financial. But when comparing it to its historical volatility, DOW is 1.96 times less risky than Broadridge Financial. It trades about 0.55 of its potential returns per unit of risk. Broadridge Financial Solutions Inc is currently generating about 0.54 of returns per unit of risk over similar time horizon. If you would invest 7,911 in Broadridge Financial Solutions Inc on September 19, 2017 and sell it today you would earn a total of 456 from holding Broadridge Financial Solutions Inc or generate 5.76% return on investment over 30 days.