This module allows you to analyze existing cross correlation between American Airlines Group and Chevron Corporation. You can compare the effects of market volatilities on American Airlines 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 American Airlines with a short position of Chevron. See also your portfolio center. Please also check ongoing floating volatility patterns of American Airlines and Chevron.
|Time Horizon||30 Days Login to change|
American Airlines Group Inc vs. Chevron Corp.
Considering 30-days investment horizon, American Airlines Group is expected to under-perform the Chevron. But the stock apears to be less risky and, when comparing its historical volatility, American Airlines Group is 1.04 times less risky than Chevron. The stock trades about -0.3 of its potential returns per unit of risk. The Chevron Corporation is currently generating about 0.04 of returns per unit of risk over similar time horizon. If you would invest 12,139 in Chevron Corporation on May 26, 2018 and sell it today you would earn a total of 114.00 from holding Chevron Corporation or generate 0.94% return on investment over 30 days.