This module allows you to analyze existing cross correlation between DOW and Workday Inc. You can compare the effects of market volatilities on DOW and Workday 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 Workday. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and Workday.
|Investment Horizon||30 Days Login to change|
Given the investment horizon of 30 days, DOW is expected to generate 1.33 times less return on investment than Workday. But when comparing it to its historical volatility, DOW is 6.41 times less risky than Workday. It trades about 0.65 of its potential returns per unit of risk. Workday Inc is currently generating about 0.14 of returns per unit of risk over similar time horizon. If you would invest 10,383 in Workday Inc on September 21, 2017 and sell it today you would earn a total of 473 from holding Workday Inc or generate 4.56% return on investment over 30 days.