This module allows you to analyze existing cross correlation between DOW and Broadridge Financial Solutions. 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.
|Time Horizon||30 Days Login to change|
DOW vs. Broadridge Financial Solutions
Given the investment horizon of 30 days, DOW is expected to under-perform the Broadridge Financial. But the index apears to be less risky and, when comparing its historical volatility, DOW is 1.61 times less risky than Broadridge Financial. The index trades about -0.02 of its potential returns per unit of risk. The Broadridge Financial Solutions is currently generating about 0.11 of returns per unit of risk over similar time horizon. If you would invest 11,418 in Broadridge Financial Solutions on May 26, 2018 and sell it today you would earn a total of 230.00 from holding Broadridge Financial Solutions or generate 2.01% return on investment over 30 days.