This module allows you to analyze existing cross correlation between DOW and ProShares UltraPro 3x Short Crude Oil. You can compare the effects of market volatilities on DOW and ProShares UltraPro 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 ProShares UltraPro. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and ProShares UltraPro.
|Investment Horizon||30 Days Login to change|
Given the investment horizon of 30 days, DOW is expected to generate 0.05 times more return on investment than ProShares UltraPro. However, DOW is 18.19 times less risky than ProShares UltraPro. It trades about 0.57 of its potential returns per unit of risk. ProShares UltraPro 3x Short Crude Oil is currently generating about -0.1 per unit of risk. If you would invest 2,233,135 in DOW on September 18, 2017 and sell it today you would earn a total of 66,609 from holding DOW or generate 2.98% return on investment over 30 days.