Pair Correlation Between Chevron and Apple

This module allows you to analyze existing cross correlation between Chevron Corporation and Apple Inc. You can compare the effects of market volatilities on Chevron and Apple 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 Apple. See also your portfolio center. Please also check ongoing floating volatility patterns of Chevron and Apple.
 Time Horizon     30 Days    Login   to change
 Chevron Corp.  vs   Apple Inc
 Performance (%) 

Pair Volatility

If you would invest  11,098  in Chevron Corporation on February 19, 2018 and sell it today you would earn a total of  352.00  from holding Chevron Corporation or generate 3.17% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Chevron and Apple


Time Period1 Month [change]
ValuesDaily Returns


Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Chevron Corp. and Apple Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Apple Inc and Chevron 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 Chevron Corporation are associated (or correlated) with Apple. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Apple Inc has no effect on the direction of Chevron i.e. Chevron and Apple go up and down completely randomly.

Comparative Volatility



Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Chevron Corporation are ranked lower than 7 (%) of all global equities and portfolios over the last 30 days.