Correlation Analysis Between DOW and PowerShares Multi-Factor

This module allows you to analyze existing cross correlation between DOW and PowerShares Multi-Factor Large Cap Portfolio. You can compare the effects of market volatilities on DOW and PowerShares 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 PowerShares Multi-Factor. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and PowerShares Multi-Factor.
 Time Horizon     30 Days    Login   to change
Symbolsvs

DOW  vs.  PowerShares Multi-Factor Large

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  2,446,170  in DOW on June 21, 2018 and sell it today you would earn a total of  59,642  from holding DOW or generate 2.44% return on investment over 30 days.

Pair Corralation between DOW and PowerShares Multi-Factor

0.11
Time Period1 Month [change]
DirectionPositive 
StrengthInsignificant
Accuracy3.45%
ValuesDaily Returns

Diversification

Average diversification

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

 Predicted Return Density 
      Returns 

My Equities

My Current Equities and Potential Positions
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GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1184.91

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See also your portfolio center. Please also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.


 
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