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 2.22 times less return on investment than DXP Enterprises. But when comparing it to its historical volatility, DOW is 5.12 times less risky than DXP Enterprises. It trades about 0.5 of its potential returns per unit of risk. DXP Enterprises Inc is currently generating about 0.22 of returns per unit of risk over similar time horizon. If you would invest 2,533 in DXP Enterprises Inc on November 16, 2017 and sell it today you would earn a total of 280 from holding DXP Enterprises Inc or generate 11.05% return on investment over 30 days.