Correlation Analysis Between DOW and Deutsche Bank

This module allows you to analyze existing cross correlation between DOW and Deutsche Bank Aktiengesellschaft. You can compare the effects of market volatilities on DOW and Deutsche Bank 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 Deutsche Bank. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and Deutsche Bank.
 Time Horizon     30 Days    Login   to change

DOW  vs.  Deutsche Bank Aktiengesellscha

 Performance (%) 

Pair Volatility

Given the investment horizon of 30 days, DOW is expected to generate 51.82 times less return on investment than Deutsche Bank. But when comparing it to its historical volatility, DOW is 3.76 times less risky than Deutsche Bank. It trades about 0.01 of its potential returns per unit of risk. Deutsche Bank Aktiengesellschaft is currently generating about 0.19 of returns per unit of risk over similar time horizon. If you would invest  1,108  in Deutsche Bank Aktiengesellschaft on June 16, 2018 and sell it today you would earn a total of  108.00  from holding Deutsche Bank Aktiengesellschaft or generate 9.75% return on investment over 30 days.

Pair Corralation between DOW and Deutsche Bank

Time Period1 Month [change]
ValuesDaily Returns


Excellent diversification

Overlapping area represents the amount of risk that can be diversified away by holding DOW and Deutsche Bank Aktiengesellscha in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Deutsche Bank Aktien 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 Deutsche Bank. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Deutsche Bank Aktien has no effect on the direction of DOW i.e. DOW and Deutsche Bank go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

My Equities

My Current Equities and Potential Positions
View AllNext
GOOG - USA Stock
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway

Thematic Opportunities

Explore Investment Opportunities
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Portfolio Reporting module to create custom reports across your portfolios and generate quick suggestion pitch.