This module allows you to analyze existing cross correlation between Dillards and NASDAQ UK. You can compare the effects of market volatilities on Dillards and NASDAQ UK 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 Dillards with a short position of NASDAQ UK. See also your portfolio center. Please also check ongoing floating volatility patterns of Dillards and NASDAQ UK.
|Horizon||30 Days Login to change|
Predicted Return Density
Dillards Inc vs. NASDAQ UK
Considering 30-days investment horizon, Dillards is expected to generate 3.93 times more return on investment than NASDAQ UK. However, Dillards is 3.93 times more volatile than NASDAQ UK. It trades about 0.12 of its potential returns per unit of risk. NASDAQ UK is currently generating about -0.03 per unit of risk. If you would invest 5,740 in Dillards on June 19, 2019 and sell it today you would earn a total of 660.00 from holding Dillards or generate 11.5% return on investment over 30 days.
Pair Corralation between Dillards and NASDAQ UK
|Time Period||2 Months [change]|
Diversification Opportunities for Dillards and NASDAQ UK
Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding Dillards Inc and NASDAQ UK in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on NASDAQ UK and Dillards 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 Dillards are associated (or correlated) with NASDAQ UK. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of NASDAQ UK has no effect on the direction of Dillards i.e. Dillards and NASDAQ UK go up and down completely randomly.
See also your portfolio center. Please also try Fundamental Analysis module to view fundamental data based on most recent published financial statements.