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 0.09 times more return on investment than Dover Downs. However, DOW is 10.74 times less risky than Dover Downs. It trades about 0.65 of its potential returns per unit of risk. Dover Downs Gaming Entertainment Inc is currently generating about 0.03 per unit of risk. If you would invest 2,235,923 in DOW on September 21, 2017 and sell it today you would earn a total of 80,381 from holding DOW or generate 3.59% return on investment over 30 days.