This module allows you to analyze existing cross correlation between DOW and DXP Enterprises Inc. You can compare the effects of market volatilities on DOW and DXP Enterprises 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 DXP Enterprises. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and DXP Enterprises.
|Time Horizon||30 Days Login to change|
Given the investment horizon of 30 days, DOW is expected to under-perform the DXP Enterprises. But the index apears to be less risky and, when comparing its historical volatility, DOW is 2.26 times less risky than DXP Enterprises. The index trades about -0.05 of its potential returns per unit of risk. The DXP Enterprises Inc is currently generating about 0.11 of returns per unit of risk over similar time horizon. If you would invest 3,096 in DXP Enterprises Inc on February 15, 2018 and sell it today you would earn a total of 137.00 from holding DXP Enterprises Inc or generate 4.43% return on investment over 30 days.