This module allows you to analyze existing cross correlation between DOW and Dover Downs Gaming Entertainment Inc. You can compare the effects of market volatilities on DOW and Dover Downs 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 Dover Downs. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and Dover Downs.
|Investment Horizon||30 Days Login to change|
Given the investment horizon of 30 days, DOW is expected to generate 2.71 times less return on investment than Dover Downs. But when comparing it to its historical volatility, DOW is 4.86 times less risky than Dover Downs. It trades about 0.39 of its potential returns per unit of risk. Dover Downs Gaming Entertainment Inc is currently generating about 0.22 of returns per unit of risk over similar time horizon. If you would invest 92.12 in Dover Downs Gaming Entertainment Inc on November 11, 2017 and sell it today you would earn a total of 9.88 from holding Dover Downs Gaming Entertainment Inc or generate 10.73% return on investment over 30 days.