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|
Given the investment horizon of 30 days, DOW is expected to generate 0.58 times more return on investment than Veritiv. However, DOW is 1.73 times less risky than Veritiv. It trades about -0.1 of its potential returns per unit of risk. Veritiv Corporation is currently generating about -0.2 per unit of risk. If you would invest 2,621,460 in DOW on January 20, 2018 and sell it today you would lose (99,522) from holding DOW or give up 3.8% of portfolio value over 30 days.