This module allows you to analyze existing cross correlation between DOW and Canadian Imperial Bank of Commerce. You can compare the effects of market volatilities on DOW and Canadian Imperial 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 Canadian Imperial. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and Canadian Imperial.
|Investment Horizon||30 Days Login to change|
Given the investment horizon of 30 days, DOW is expected to generate 1.1 times less return on investment than Canadian Imperial. But when comparing it to its historical volatility, DOW is 2.37 times less risky than Canadian Imperial. It trades about 0.44 of its potential returns per unit of risk. Canadian Imperial Bank of Commerce is currently generating about 0.2 of returns per unit of risk over similar time horizon. If you would invest 8,885 in Canadian Imperial Bank of Commerce on November 13, 2017 and sell it today you would earn a total of 468 from holding Canadian Imperial Bank of Commerce or generate 5.27% return on investment over 30 days.