This module allows you to analyze existing cross correlation between DOW and Veritiv Corporation. You can compare the effects of market volatilities on DOW and Veritiv 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 Veritiv. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and Veritiv.
|Time Horizon||30 Days Login to change|
DOW vs. Veritiv Corp.
Given the investment horizon of 30 days, DOW is expected to under-perform the Veritiv. But the index apears to be less risky and, when comparing its historical volatility, DOW is 2.95 times less risky than Veritiv. The index trades about -0.04 of its potential returns per unit of risk. The Veritiv Corporation is currently generating about 0.46 of returns per unit of risk over similar time horizon. If you would invest 3,370 in Veritiv Corporation on May 22, 2018 and sell it today you would earn a total of 605.00 from holding Veritiv Corporation or generate 17.95% return on investment over 30 days.