This module allows you to analyze existing cross correlation between DOW and Reliance Steel Aluminum Co. You can compare the effects of market volatilities on DOW and Reliance Steel 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 Reliance Steel. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and Reliance Steel.
|Time Horizon||30 Days Login to change|
Given the investment horizon of 30 days, DOW is expected to generate 0.5 times more return on investment than Reliance Steel. However, DOW is 1.99 times less risky than Reliance Steel. It trades about -0.15 of its potential returns per unit of risk. Reliance Steel Aluminum Co is currently generating about -0.2 per unit of risk. If you would invest 2,496,248 in DOW on February 22, 2018 and sell it today you would lose (100,459) from holding DOW or give up 4.02% of portfolio value over 30 days.