Correlation Analysis Between DOW and VelocityShares

This module allows you to analyze existing cross correlation between DOW and VelocityShares 3x Inv Natural Gas ETN. You can compare the effects of market volatilities on DOW and VelocityShares 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 VelocityShares. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and VelocityShares.
Horizon     30 Days    Login   to change

DOW  vs.  VelocityShares 3x Inv Natural

 Performance (%) 

Pair Volatility

If you would invest  2,582,229  in DOW on August 21, 2018 and sell it today you would earn a total of  58,347  from holding DOW or generate 2.26% return on investment over 30 days.

Pair Corralation between DOW and VelocityShares

Time Period1 Month [change]
ValuesDaily Returns


Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding DOW and VelocityShares 3x Inv Natural in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on VelocityShares 3x Inv 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 VelocityShares. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of VelocityShares 3x Inv has no effect on the direction of DOW i.e. DOW and VelocityShares go up and down completely randomly.

Comparative Volatility

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