Correlation Analysis Between DOW and Ingram Micro

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

DOW  vs.  Ingram Micro Inc

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, DOW is expected to generate 1990.05 times less return on investment than Ingram Micro. But when comparing it to its historical volatility, DOW is 318.27 times less risky than Ingram Micro. It trades about 0.03 of its potential returns per unit of risk. Ingram Micro is currently generating about 0.2 of returns per unit of risk over similar time horizon. If you would invest  3,889  in Ingram Micro on June 18, 2018 and sell it today you would earn a total of  288,986  from holding Ingram Micro or generate 7430.86% return on investment over 30 days.

Pair Corralation between DOW and Ingram Micro

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy86.21%
ValuesDaily Returns

Diversification

Pay attention

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

 Predicted Return Density 
      Returns 

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GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1198.8

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See also your portfolio center. Please also try Bollinger Bands module to use bollinger bands indicator to analyze target price for a given investing horizon.