Correlation Analysis Between DOW and DB Crude

This module allows you to analyze existing cross correlation between DOW and DB Crude Oil Double Short ETN. You can compare the effects of market volatilities on DOW and DB Crude 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 DB Crude. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and DB Crude.
 Time Horizon     30 Days    Login   to change
Symbolsvs

DOW  vs.  DB Crude Oil Double Short ETN

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, DOW is expected to generate 0.15 times more return on investment than DB Crude. However, DOW is 6.77 times less risky than DB Crude. It trades about 0.12 of its potential returns per unit of risk. DB Crude Oil Double Short ETN is currently generating about -0.07 per unit of risk. If you would invest  2,458,089  in DOW on June 22, 2018 and sell it today you would earn a total of  47,723  from holding DOW or generate 1.94% return on investment over 30 days.

Pair Corralation between DOW and DB Crude

-0.01
Time Period1 Month [change]
DirectionNegative 
StrengthInsignificant
Accuracy72.41%
ValuesDaily Returns

Diversification

Good diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 

My Equities

My Current Equities and Potential Positions
View AllNext
GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1186.96

Thematic Opportunities

Explore Investment Opportunities
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.


 
vendors/bower_components/jquery.easy-pie-chart/dist/jquery.easypiechart.min.js">