This module allows you to analyze existing cross correlation between DOW and CA. You can compare the effects of market volatilities on DOW and CA 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 CA. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and CA.
|Time Horizon||30 Days Login to change|
DOW vs. CA INC
Given the investment horizon of 30 days, DOW is expected to under-perform the CA. But the index apears to be less risky and, when comparing its historical volatility, DOW is 1.06 times less risky than CA. The index trades about -0.02 of its potential returns per unit of risk. The CA is currently generating about 0.2 of returns per unit of risk over similar time horizon. If you would invest 3,528 in CA on May 26, 2018 and sell it today you would earn a total of 87.00 from holding CA or generate 2.47% return on investment over 30 days.