This module allows you to analyze existing cross correlation between DOW and Wells Fargo Company. You can compare the effects of market volatilities on DOW and Wells Fargo 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 Wells Fargo. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and Wells Fargo.
|Time Horizon||30 Days Login to change|
DOW vs. Wells Fargo Company
Given the investment horizon of 30 days, DOW is expected to generate 4.96 times less return on investment than Wells Fargo. In addition to that, DOW is 1.01 times more volatile than Wells Fargo Company. It trades about 0.01 of its total potential returns per unit of risk. Wells Fargo Company is currently generating about 0.04 per unit of volatility. If you would invest 5,454 in Wells Fargo Company on May 21, 2018 and sell it today you would earn a total of 54.00 from holding Wells Fargo Company or generate 0.99% return on investment over 30 days.