Macroaxis: Personalized Investing
Personalized Investing and
Digital Wealth Optimization

Benchmark  United States  NYSE  10,453   118.499 Index Moved Down -1.12%  


Processing
Collecting data for HES and TOT ...

Correlation analysis between Hess and Total

   
Investment horizon:  
  30 Days    Login   to change
This module allows you to analyze existing cross correlation between Hess Corporation and Total SA. You can compare the effects of market volatilities on Hess and Total 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 Hess with a short position of Total. Please also check ongoing floating volatility patterns of Hess and Total.
 
 Hess Corp.  vs   Total SA
Daily Returns (%)
HES   TOT   
 
Change Benchmark  Embed   Timeline 
Considering 30-days investment horizon, Hess Corporation is expected to under-perform the Total. But the stock apears to be less risky and, when comparing its historical volatility, Hess Corporation is 1.37 times less risky than Total. The stock trades about -0.48 of its potential returns per unit of risk. The Total SA is currently generating about -0.23 of returns per unit of risk over similar time horizon. If you would invest  6,640  in Total SA on September 2, 2014 and sell it today you would lose (490.00) from holding Total SA or give up 7.38% of portfolio value over 30 days.

Correlation Coefficient

0.51
Parameters
Time Period1 Month [change]
DirectionPositive TOT Moved Up vs HES
StrengthWeak
Accuracy100.0%
ValuesDaily Returns

Diversification

Very weak diversification
Overlapping area represents amount of risk that can be diversified away by holding Hess Corp. and Total SA in the same portfolio assuming nothing else is changed
Investing ideals could easily outperform a given market if properly optimized
Get Total SA research report. Reports are available in pdf format. Click Total Report to view
  
Total Report  
Get Hess Corporation research report. Reports are available in pdf format. Click Hess Report to view
  
Hess Report  

Historical Performance Chart

Comparative Volatility

Predicted Return Density
 
Change Benchmark  Embed   Returns 

Hess

  
Over the last 30 days Hess Corporation has generated negative risk-adjusted returns adding no value to investors with long positions.

Pair trading matchups for Hess

ConocoPhillips vs. Hess Corporation
Occidental Petroleum Corporation vs. Hess Corporation
Enterprise Products Partners LP vs. Hess Corporation
Suncor Energy Inc vs. Hess Corporation
Canadian Natural Resources Limited vs. Hess Corporation
Devon Energy Corporation vs. Hess Corporation
  

Total SA

  
Over the last 30 days Total SA has generated negative risk-adjusted returns adding no value to investors with long positions.

Pair trading matchups for Total

Exxon Mobil Corporation vs. Total SA
Petr vs. Total SA
Eni SpA vs. Total SA


 

Analytics

Risk Adjusted Returns Landscape
Live Efficient Frontier
Market Correlation Analysis
Watchlist Analysis
Financial Content
Portfolio Estimation and Projections
Portfolio Theme Builder
 
 

Research Modules

Equities Backtesting Analysis
Instant Retirement Optimizer
Cross-portfolio RSS and Mobile Access
Company, fund, and ETF Directory
Financial Advisor Directory
Insider and Manager Directory
Wealth Management
 

Services And Technology

Frequently Asked Questions
Quick Product Tour
Product Technology Overview
Solution Methodology
Plans and Pricing
 

Free Investor Tools

World Market Correlations
Instant Equity Comparator
Watchlist Analysis
Position Suggestions
Equity Alpha Analysis
 

About Us

About Macroaxis
Contact Us
Product Terms Of Use
Service Privacy Policy
Advertising Opportunities