This module allows you to analyze existing cross correlation between DOW and Digirad Corporation. You can compare the effects of market volatilities on DOW and Digirad 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 Digirad. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and Digirad.
|Investment Horizon||30 Days Login to change|
Given the investment horizon of 30 days, DOW is expected to generate 0.05 times more return on investment than Digirad. However, DOW is 19.57 times less risky than Digirad. It trades about 0.84 of its potential returns per unit of risk. Digirad Corporation is currently generating about -0.31 per unit of risk. If you would invest 2,229,609 in DOW on September 24, 2017 and sell it today you would earn a total of 103,254 from holding DOW or generate 4.63% return on investment over 30 days.