Correlation Analysis Between IPC and DOW

This module allows you to analyze existing cross correlation between IPC and DOW. You can compare the effects of market volatilities on IPC and DOW 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 IPC with a short position of DOW. See also your portfolio center. Please also check ongoing floating volatility patterns of IPC and DOW.
Horizon     30 Days    Login   to change

IPC  vs.  DOW

 Performance (%) 

Pair Volatility

Given the investment horizon of 30 days, IPC is expected to under-perform the DOW. In addition to that, IPC is 2.09 times more volatile than DOW. It trades about -0.17 of its total potential returns per unit of risk. DOW is currently generating about 0.05 per unit of volatility. If you would invest  2,533,999  in DOW on October 13, 2018 and sell it today you would earn a total of  32,166  from holding DOW or generate 1.27% return on investment over 30 days.

Pair Corralation between IPC and DOW

Time Period1 Month [change]
ValuesDaily Returns


IPC diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding IPC and DOW in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on DOW and IPC is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on IPC are associated (or correlated) with DOW. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of DOW has no effect on the direction of IPC i.e. IPC and DOW go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

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See also your portfolio center. Please also try Balance Of Power module to check stock momentum by analyzing balance of power indicator and other technical ratios.