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.
|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 DXP Enterprises. However, DOW is 19.25 times less risky than DXP Enterprises. It trades about 0.56 of its potential returns per unit of risk. DXP Enterprises Inc is currently generating about 0.02 per unit of risk. If you would invest 2,233,135 in DOW on September 17, 2017 and sell it today you would earn a total of 62,561 from holding DOW or generate 2.8% return on investment over 30 days.