This module allows you to analyze existing cross correlation between DOW and United States 3x Oil Fund. You can compare the effects of market volatilities on DOW and United States 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 United States. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and United States.
|Time Horizon||30 Days Login to change|
Given the investment horizon of 30 days, DOW is expected to generate 5.48 times less return on investment than United States. But when comparing it to its historical volatility, DOW is 8.62 times less risky than United States. It trades about 0.63 of its potential returns per unit of risk. United States 3x Oil Fund is currently generating about 0.4 of returns per unit of risk over similar time horizon. If you would invest 4,022 in United States 3x Oil Fund on December 23, 2017 and sell it today you would earn a total of 1,180 from holding United States 3x Oil Fund or generate 29.34% return on investment over 30 days.