Correlation Analysis Between DOW and Flushing Financial

This module allows you to analyze existing cross correlation between DOW and Flushing Financial Corporation. You can compare the effects of market volatilities on DOW and Flushing Financial 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 Flushing Financial. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and Flushing Financial.
Horizon     30 Days    Login   to change
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Comparative Performance

 Predicted Return Density 
      Returns 

DOW  vs.  Flushing Financial Corp.

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, DOW is expected to generate 1.61 times less return on investment than Flushing Financial. But when comparing it to its historical volatility, DOW is 2.2 times less risky than Flushing Financial. It trades about 0.14 of its potential returns per unit of risk. Flushing Financial Corporation is currently generating about 0.1 of returns per unit of risk over similar time horizon. If you would invest  1,947  in Flushing Financial Corporation on October 21, 2019 and sell it today you would earn a total of  193.00  from holding Flushing Financial Corporation or generate 9.91% return on investment over 30 days.

Pair Corralation between DOW and Flushing Financial

0.69
Time Period3 Months [change]
DirectionPositive 
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for DOW and Flushing Financial

DOW diversification synergy

Poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding DOW and Flushing Financial Corp. in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Flushing Financial 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 Flushing Financial. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Flushing Financial has no effect on the direction of DOW i.e. DOW and Flushing Financial go up and down completely randomly.
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See also your portfolio center. Please also try Commodity Channel Index module to use commodity channel index to analyze current equity momentum.


 
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