This module allows you to analyze existing cross correlation between DOW and DHX Media Ltd. You can compare the effects of market volatilities on DOW and DHX Media 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 DHX Media. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and DHX Media.
|Time Horizon||30 Days Login to change|
Given the investment horizon of 30 days, DOW is expected to under-perform the DHX Media. But the index apears to be less risky and, when comparing its historical volatility, DOW is 1.44 times less risky than DHX Media. The index trades about -0.1 of its potential returns per unit of risk. The DHX Media Ltd is currently generating about -0.02 of returns per unit of risk over similar time horizon. If you would invest 360.00 in DHX Media Ltd on January 20, 2018 and sell it today you would lose (6.00) from holding DHX Media Ltd or give up 1.67% of portfolio value over 30 days.