Pair Correlation Between DOW and Commercial Bancshares

This module allows you to analyze existing cross correlation between DOW and Commercial Bancshares Inc. You can compare the effects of market volatilities on DOW and Commercial Bancshares 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 Commercial Bancshares. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and Commercial Bancshares.
 Time Horizon     30 Days    Login   to change
 DOW  vs   Commercial Bancshares Inc
 Performance (%) 

Pair Volatility

If you would invest  2,496,475  in DOW on February 17, 2018 and sell it today you would lose (1,824)  from holding DOW or give up 0.07% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between DOW and Commercial Bancshares


Time Period1 Month [change]
ValuesDaily Returns


Very poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding DOW and Commercial Bancshares Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Commercial Bancshares Inc and DOW is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on DOW are associated (or correlated) with Commercial Bancshares. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Commercial Bancshares Inc has no effect on the direction of DOW i.e. DOW and Commercial Bancshares go up and down completely randomly.

Comparative Volatility

 Predicted Return Density