This module allows you to analyze existing cross correlation between DOW and First Trust South Korea 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 1.48 times less return on investment than First Trust. But when comparing it to its historical volatility, DOW is 1.99 times less risky than First Trust. It trades about 0.63 of its potential returns per unit of risk. First Trust South Korea AlphaDEX ETF is currently generating about 0.47 of returns per unit of risk over similar time horizon. If you would invest 2,867 in First Trust South Korea AlphaDEX ETF on December 23, 2017 and sell it today you would earn a total of 202 from holding First Trust South Korea AlphaDEX ETF or generate 7.05% return on investment over 30 days.