This module allows you to analyze existing cross correlation between DOW and CVS Health Corporation. You can compare the effects of market volatilities on DOW and CVS Health 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 CVS Health. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and CVS Health.
|Time Horizon||30 Days Login to change|
Given the investment horizon of 30 days, DOW is expected to generate 0.78 times more return on investment than CVS Health. However, DOW is 1.27 times less risky than CVS Health. It trades about 0.0 of its potential returns per unit of risk. CVS Health Corporation is currently generating about -0.4 per unit of risk. If you would invest 2,496,475 in DOW on February 18, 2018 and sell it today you would lose (1,824) from holding DOW or give up 0.07% of portfolio value over 30 days.