|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 SA 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 SA. Please also check ongoing floating volatility patterns of Hess and TOTAL SA.Hess Corp. vs TOTAL S.A.
Considering 30-days investment horizon, Hess Corporation is expected to under-perform the TOTAL SA. But the stock apears to be less risky and, when comparing its historical volatility, Hess Corporation is 1.09 times less risky than TOTAL SA. The stock trades about -0.14 of its potential returns per unit of risk. The TOTAL SA is currently generating about -0.12 of returns per unit of risk over similar time horizon. If you would invest 4,900 in TOTAL SA on May 27, 2016 and sell it today you would lose (340.00) from holding TOTAL SA or give up 6.94% of portfolio value over 30 days.