This module allows you to analyze existing cross correlation between Dell Technologies and Digimarc Corporation. You can compare the effects of market volatilities on Dell Technologies and Digimarc 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 Dell Technologies with a short position of Digimarc. See also your portfolio center. Please also check ongoing floating volatility patterns of Dell Technologies and Digimarc.
|Time Horizon||30 Days Login to change|
Dell Technologies Inc vs. Digimarc Corp.
Given the investment horizon of 30 days, Dell Technologies is expected to generate 1.61 times less return on investment than Digimarc. But when comparing it to its historical volatility, Dell Technologies is 1.66 times less risky than Digimarc. It trades about 0.35 of its potential returns per unit of risk. Digimarc Corporation is currently generating about 0.34 of returns per unit of risk over similar time horizon. If you would invest 2,830 in Digimarc Corporation on May 19, 2018 and sell it today you would earn a total of 455.00 from holding Digimarc Corporation or generate 16.08% return on investment over 30 days.