This module allows you to analyze existing cross correlation between DOW and Edwards Lifesciences Corporation. You can compare the effects of market volatilities on DOW and Edwards Lifesciences 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 Edwards Lifesciences. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and Edwards Lifesciences.
|Time Horizon||30 Days Login to change|
Given the investment horizon of 30 days, DOW is expected to under-perform the Edwards Lifesciences. In addition to that, DOW is 1.26 times more volatile than Edwards Lifesciences Corporation. It trades about -0.05 of its total potential returns per unit of risk. Edwards Lifesciences Corporation is currently generating about 0.35 per unit of volatility. If you would invest 13,468 in Edwards Lifesciences Corporation on February 15, 2018 and sell it today you would earn a total of 766.00 from holding Edwards Lifesciences Corporation or generate 5.69% return on investment over 30 days.