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.
|Investment Horizon||30 Days Login to change|
Given the investment horizon of 30 days, DOW is expected to generate 1.15 times less return on investment than Reliance Steel. But when comparing it to its historical volatility, DOW is 4.65 times less risky than Reliance Steel. It trades about 0.65 of its potential returns per unit of risk. Reliance Steel Aluminum Co is currently generating about 0.16 of returns per unit of risk over similar time horizon. If you would invest 7,414 in Reliance Steel Aluminum Co on September 21, 2017 and sell it today you would earn a total of 298 from holding Reliance Steel Aluminum Co or generate 4.02% return on investment over 30 days.