This module allows you to analyze existing cross correlation between Energy Today Inc and Otis Gold Corp. You can compare the effects of market volatilities on Energy Today 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 Energy Today with a short position of Otis Gold. See also your portfolio center. Please also check ongoing floating volatility patterns of Energy Today and Otis Gold.
|Time Horizon||30 Days Login to change|
Given the investment horizon of 30 days, Energy Today Inc is expected to under-perform the Otis Gold. But the stock apears to be less risky and, when comparing its historical volatility, Energy Today Inc is 1.18 times less risky than Otis Gold. The stock trades about -0.45 of its potential returns per unit of risk. The Otis Gold Corp is currently generating about 0.06 of returns per unit of risk over similar time horizon. If you would invest 17.00 in Otis Gold Corp on January 25, 2018 and sell it today you would earn a total of 0.50 from holding Otis Gold Corp or generate 2.94% return on investment over 30 days.