This module allows you to analyze existing cross correlation between DNB ASA and Otis Gold Corp. You can compare the effects of market volatilities on DNB ASA and Otis Gold 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 DNB ASA with a short position of Otis Gold. See also your portfolio center. Please also check ongoing floating volatility patterns of DNB ASA and Otis Gold.
|Time Horizon||30 Days Login to change|
DNB ASA vs. Otis Gold Corp
Assuming 30 trading days horizon, DNB ASA is expected to generate 0.25 times more return on investment than Otis Gold. However, DNB ASA is 4.03 times less risky than Otis Gold. It trades about -0.02 of its potential returns per unit of risk. Otis Gold Corp is currently generating about -0.07 per unit of risk. If you would invest 1,950 in DNB ASA on May 22, 2018 and sell it today you would lose (23.00) from holding DNB ASA or give up 1.18% of portfolio value over 30 days.