This module allows you to analyze existing cross correlation between DOW and CDK Global Inc. You can compare the effects of market volatilities on DOW and CDK Global 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 CDK Global. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and CDK Global.
|Time Horizon||30 Days Login to change|
Given the investment horizon of 30 days, DOW is expected to generate 38.9 times less return on investment than CDK Global. But when comparing it to its historical volatility, DOW is 1.02 times less risky than CDK Global. It trades about 0.0 of its potential returns per unit of risk. CDK Global Inc is currently generating about 0.04 of returns per unit of risk over similar time horizon. If you would invest 6,906 in CDK Global Inc on February 17, 2018 and sell it today you would earn a total of 48.00 from holding CDK Global Inc or generate 0.7% return on investment over 30 days.