DOW has a standard deviation of returns of 1.2 and is 9.223372036854776E16 times more volatile than 1293685. 0%
of all equities and portfolios are less risky than 1293685. Compared to the overall equity markets, volatility of historical daily returns of 1293685 is lower than 0 (%)
of all global equities and portfolios over the last 30 days. Use 1293685 to protect against small markets fluctuations. The fund experiences moderate downward daily trend and can be a good diversifier. Check odds of 1293685 to be traded at $1.1956 in 30 days
. As returns on market increase, 1293685 returns are expected to increase less than the market. However during bear market, the loss on holding 1293685 will be expected to be smaller as well.
1293685 correlation with market
Overlapping area represents the amount of risk that can be diversified away by holding 1293685 and equity matching DJI index in the same portfolio.