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.
|Investment Horizon||30 Days Login to change|
Given the investment horizon of 30 days, DOW is expected to generate 3.77 times less return on investment than Veritiv. But when comparing it to its historical volatility, DOW is 5.01 times less risky than Veritiv. It trades about 0.36 of its potential returns per unit of risk. Veritiv Corporation is currently generating about 0.27 of returns per unit of risk over similar time horizon. If you would invest 2,390 in Veritiv Corporation on November 11, 2017 and sell it today you would earn a total of 345 from holding Veritiv Corporation or generate 14.44% return on investment over 30 days.