This module allows you to analyze existing cross correlation between DOW and Newpark Resources. You can compare the effects of market volatilities on DOW and Newpark Resources 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 Newpark Resources. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and Newpark Resources.
|Time Horizon||30 Days Login to change|
DOW vs. Newpark Resources Inc
Given the investment horizon of 30 days, DOW is expected to under-perform the Newpark Resources. But the index apears to be less risky and, when comparing its historical volatility, DOW is 1.58 times less risky than Newpark Resources. The index trades about -0.01 of its potential returns per unit of risk. The Newpark Resources is currently generating about 0.18 of returns per unit of risk over similar time horizon. If you would invest 835.00 in Newpark Resources on March 21, 2018 and sell it today you would earn a total of 145.00 from holding Newpark Resources or generate 17.37% return on investment over 30 days.