This module allows you to analyze existing cross correlation between DOW and Guggenheim Multi-Factor Large Cap. You can compare the effects of market volatilities on DOW and Guggenheim Multi-Factor 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 Guggenheim Multi-Factor. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and Guggenheim Multi-Factor.
|Time Horizon||30 Days Login to change|
Given the investment horizon of 30 days, DOW is expected to generate 1.04 times less return on investment than Guggenheim Multi-Factor. But when comparing it to its historical volatility, DOW is 1.48 times less risky than Guggenheim Multi-Factor. It trades about 0.66 of its potential returns per unit of risk. Guggenheim Multi-Factor Large Cap is currently generating about 0.46 of returns per unit of risk over similar time horizon. If you would invest 2,714 in Guggenheim Multi-Factor Large Cap on December 20, 2017 and sell it today you would earn a total of 124 from holding Guggenheim Multi-Factor Large Cap or generate 4.57% return on investment over 30 days.