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.
|Time Horizon||30 Days Login to change|
Given the investment horizon of 30 days, DOW is expected to generate 3.01 times less return on investment than Digirad. But when comparing it to its historical volatility, DOW is 9.67 times less risky than Digirad. It trades about 0.63 of its potential returns per unit of risk. Digirad Corporation is currently generating about 0.2 of returns per unit of risk over similar time horizon. If you would invest 230 in Digirad Corporation on December 23, 2017 and sell it today you would earn a total of 35 from holding Digirad Corporation or generate 15.22% return on investment over 30 days.