This module allows you to analyze existing cross correlation between DOW and Chevron Corporation. You can compare the effects of market volatilities on DOW and Chevron 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 DOW with a short position of Chevron. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and Chevron.
|Time Horizon||30 Days Login to change|
DOW vs. Chevron Corp.
Given the investment horizon of 30 days, DOW is expected to under-perform the Chevron. In addition to that, DOW is 1.02 times more volatile than Chevron Corporation. It trades about -0.06 of its total potential returns per unit of risk. Chevron Corporation is currently generating about 0.12 per unit of volatility. If you would invest 11,460 in Chevron Corporation on March 26, 2018 and sell it today you would earn a total of 812.00 from holding Chevron Corporation or generate 7.09% return on investment over 30 days.