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.
|Time Horizon||30 Days Login to change|
Given the investment horizon of 30 days, DOW is expected to under-perform the Dover Downs. But the index apears to be less risky and, when comparing its historical volatility, DOW is 2.1 times less risky than Dover Downs. The index trades about -0.1 of its potential returns per unit of risk. The Dover Downs Gaming Entertainment Inc is currently generating about 0.02 of returns per unit of risk over similar time horizon. If you would invest 126.00 in Dover Downs Gaming Entertainment Inc on January 25, 2018 and sell it today you would earn a total of 0.00 from holding Dover Downs Gaming Entertainment Inc or generate 0.0% return on investment over 30 days.