This module allows you to analyze existing cross correlation between DOW and Target Corporation. You can compare the effects of market volatilities on DOW and Target 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 Target. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and Target.
|Investment Horizon||30 Days Login to change|
Given the investment horizon of 30 days, DOW is expected to generate 2.73 times less return on investment than Target. But when comparing it to its historical volatility, DOW is 6.13 times less risky than Target. It trades about 0.5 of its potential returns per unit of risk. Target Corporation is currently generating about 0.23 of returns per unit of risk over similar time horizon. If you would invest 5,510 in Target Corporation on November 16, 2017 and sell it today you would earn a total of 751 from holding Target Corporation or generate 13.63% return on investment over 30 days.