This module allows you to analyze existing cross correlation between DigitalTown and SAP SE. You can compare the effects of market volatilities on DigitalTown and S A P 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 DigitalTown with a short position of S A P. See also your portfolio center. Please also check ongoing floating volatility patterns of DigitalTown and S A P.
|Time Horizon||30 Days Login to change|
DigitalTown Inc vs. SAP SE
Given the investment horizon of 30 days, DigitalTown is expected to generate 11.08 times more return on investment than S A P. However, DigitalTown is 11.08 times more volatile than SAP SE. It trades about 0.15 of its potential returns per unit of risk. SAP SE is currently generating about 0.19 per unit of risk. If you would invest 12.49 in DigitalTown on May 19, 2018 and sell it today you would earn a total of 5.01 from holding DigitalTown or generate 40.11% return on investment over 30 days.