This module allows you to analyze existing cross correlation between DOW and First Trust Japan AlphaDEX ETF. You can compare the effects of market volatilities on DOW and First Trust 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 First Trust. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and First Trust.
|Time Horizon||30 Days Login to change|
DOW vs. First Trust Japan AlphaDEX ETF
Given the investment horizon of 30 days, DOW is expected to under-perform the First Trust. In addition to that, DOW is 1.33 times more volatile than First Trust Japan AlphaDEX ETF. It trades about -0.09 of its total potential returns per unit of risk. First Trust Japan AlphaDEX ETF is currently generating about -0.06 per unit of volatility. If you would invest 6,065 in First Trust Japan AlphaDEX ETF on March 27, 2018 and sell it today you would lose (178.00) from holding First Trust Japan AlphaDEX ETF or give up 2.93% of portfolio value over 30 days.