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.
|Time Horizon||30 Days Login to change|
DOW vs. Target Corp.
Given the investment horizon of 30 days, DOW is expected to under-perform the Target. But the index apears to be less risky and, when comparing its historical volatility, DOW is 2.55 times less risky than Target. The index trades about -0.03 of its potential returns per unit of risk. The Target Corporation is currently generating about 0.21 of returns per unit of risk over similar time horizon. If you would invest 7,121 in Target Corporation on May 25, 2018 and sell it today you would earn a total of 483.00 from holding Target Corporation or generate 6.78% return on investment over 30 days.