This module allows you to analyze existing cross correlation between DarioHealth Corp and Edwards Lifesciences Corporation. You can compare the effects of market volatilities on DarioHealth Corp and Edwards Lifesciences 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 DarioHealth Corp with a short position of Edwards Lifesciences. See also your portfolio center. Please also check ongoing floating volatility patterns of DarioHealth Corp and Edwards Lifesciences.
|Time Horizon||30 Days Login to change|
DarioHealth Corp vs. Edwards Lifesciences Corp.
Given the investment horizon of 30 days, DarioHealth Corp is expected to under-perform the Edwards Lifesciences. In addition to that, DarioHealth Corp is 2.69 times more volatile than Edwards Lifesciences Corporation. It trades about -0.29 of its total potential returns per unit of risk. Edwards Lifesciences Corporation is currently generating about 0.46 per unit of volatility. If you would invest 13,724 in Edwards Lifesciences Corporation on May 20, 2018 and sell it today you would earn a total of 1,587 from holding Edwards Lifesciences Corporation or generate 11.56% return on investment over 30 days.