This module allows you to analyze existing cross correlation between Dover Downs Gaming Entertainment and DHX Media Ltd. You can compare the effects of market volatilities on Dover Downs and DHX Media 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 Dover Downs with a short position of DHX Media. See also your portfolio center. Please also check ongoing floating volatility patterns of Dover Downs and DHX Media.
|Time Horizon||30 Days Login to change|
Dover Downs Gaming Entertainme vs. DHX Media Ltd
Considering 30-days investment horizon, Dover Downs Gaming Entertainment is expected to generate 1.78 times more return on investment than DHX Media. However, Dover Downs is 1.78 times more volatile than DHX Media Ltd. It trades about -0.02 of its potential returns per unit of risk. DHX Media Ltd is currently generating about -0.22 per unit of risk. If you would invest 174.00 in Dover Downs Gaming Entertainment on May 25, 2018 and sell it today you would lose (7.00) from holding Dover Downs Gaming Entertainment or give up 4.02% of portfolio value over 30 days.