Pair Correlation Between DOW and F5 Networks

This module allows you to analyze existing cross correlation between DOW and F5 Networks Inc. You can compare the effects of market volatilities on DOW and F5 Networks 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 F5 Networks. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and F5 Networks.
 Time Horizon     30 Days    Login   to change
 DOW  vs   F5 Networks Inc
 Performance (%) 

Pair Volatility

Given the investment horizon of 30 days, DOW is expected to under-perform the F5 Networks. But the index apears to be less risky and, when comparing its historical volatility, DOW is 1.4 times less risky than F5 Networks. The index trades about -0.15 of its potential returns per unit of risk. The F5 Networks Inc is currently generating about 0.02 of returns per unit of risk over similar time horizon. If you would invest  14,387  in F5 Networks Inc on February 22, 2018 and sell it today you would earn a total of  64.00  from holding F5 Networks Inc or generate 0.44% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between DOW and F5 Networks


Time Period1 Month [change]
ValuesDaily Returns


Very weak diversification

Overlapping area represents the amount of risk that can be diversified away by holding DOW and F5 Networks Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on F5 Networks Inc 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 F5 Networks. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of F5 Networks Inc has no effect on the direction of DOW i.e. DOW and F5 Networks go up and down completely randomly.

Comparative Volatility

 Predicted Return Density