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|
Given the investment horizon of 30 days, DOW is expected to generate 0.75 times more return on investment than First Trust. However, DOW is 1.34 times less risky than First Trust. It trades about 0.55 of its potential returns per unit of risk. First Trust Japan AlphaDEX ETF is currently generating about 0.4 per unit of risk. If you would invest 2,478,229 in DOW on December 21, 2017 and sell it today you would earn a total of 123,552 from holding DOW or generate 4.99% return on investment over 30 days.