This module allows you to analyze existing cross correlation between Digimarc Corporation and Altaba. You can compare the effects of market volatilities on Digimarc and Altaba 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 Digimarc with a short position of Altaba. See also your portfolio center. Please also check ongoing floating volatility patterns of Digimarc and Altaba.
|Time Horizon||30 Days Login to change|
Digimarc Corp. vs. Altaba Inc
Given the investment horizon of 30 days, Digimarc Corporation is expected to generate 2.49 times more return on investment than Altaba. However, Digimarc is 2.49 times more volatile than Altaba. It trades about 0.34 of its potential returns per unit of risk. Altaba is currently generating about 0.31 per unit of risk. 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.