This module allows you to analyze existing cross correlation between Chevron Corporation and Wilshire US Large Cap Value Ind. You can compare the effects of market volatilities on Chevron and Wilshire US 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 Chevron with a short position of Wilshire US. See also your portfolio center. Please also check ongoing floating volatility patterns of Chevron and Wilshire US.
|Investment Horizon||30 Days Login to change|
Considering 30-days investment horizon, Chevron Corporation is expected to under-perform the Wilshire US. In addition to that, Chevron is 3.53 times more volatile than Wilshire US Large Cap Value Ind. It trades about -0.08 of its total potential returns per unit of risk. Wilshire US Large Cap Value Ind is currently generating about 0.05 per unit of volatility. If you would invest 499,983 in Wilshire US Large Cap Value Ind on October 25, 2017 and sell it today you would earn a total of 1,567 from holding Wilshire US Large Cap Value Ind or generate 0.31% return on investment over 30 days.