This module allows you to analyze existing cross correlation between 500 com Limited and DHX Media Ltd. You can compare the effects of market volatilities on 500 com and DHX Media 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 500 com with a short position of DHX Media. See also your portfolio center
. Please also check ongoing floating volatility patterns of 500 com
and DHX Media
500 com Limited vs DHX Media Ltd
Given the investment horizon of 30 days, 500 com Limited is expected to generate 1.26 times more return on investment than DHX Media. However, 500 com is 1.26 times more volatile than DHX Media Ltd. It trades about 0.14 of its potential returns per unit of risk. DHX Media Ltd is currently generating about -0.19 per unit of risk. If you would invest 1,745 in 500 com Limited on February 17, 2018 and sell it today you would earn a total of 167.00 from holding 500 com Limited or generate 9.57% return on investment over 30 days.
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding 500 com Limited and DHX Media Ltd in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on DHX Media Ltd and 500 com is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on 500 com Limited are associated (or correlated) with DHX Media. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of DHX Media Ltd has no effect on the direction of 500 com i.e. 500 com and DHX Media go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in 500 com Limited are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days.
Over the last 30 days DHX Media Ltd has generated negative risk-adjusted returns adding no value to investors with long positions.