Correlation Analysis Between DOW and ProShares

This module allows you to analyze existing cross correlation between DOW and ProShares K 1 Free Crude Oil Strategy. You can compare the effects of market volatilities on DOW and ProShares 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. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and ProShares.
Horizon     30 Days    Login   to change
Symbolsvs

DOW  vs.  ProShares K 1 Free Crude Oil S

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  2,573,360  in DOW on August 22, 2018 and sell it today you would earn a total of  92,338  from holding DOW or generate 3.59% return on investment over 30 days.

Pair Corralation between DOW and ProShares

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.55%
ValuesDaily Returns

Diversification

Pay attention

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

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