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Benchmark  United States  NYSE  10,533   27.041 Index Moved Up 0.26%  


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Correlation analysis between Hess and Total

 
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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. Please also check ongoing floating volatility patterns of Hess and Total.
 
 Hess Corp.  vs   Total SA
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Daily Returns (%)
HES   TOT   
 
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Considering 30-days investment horizon, Hess is expected to generate 1.03 times less return on investment than Total. In addition to that, Hess is 1.22 times more volatile than Total SA. It trades about 0.33 of its total potential returns per unit of risk. Total SA is currently generating about 0.41 per unit of volatility. If you would invest  6,412  in Total SA on March 21, 2014 and sell it today you would earn a total of  396.00  from holding Total SA or generate 6.18% return on investment over 30 days.

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

Correlation Coefficient

0.49
Parameters
Time Period1 Month [change]
DirectionPositive TOT Moved Up vs HES
StrengthWeak
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
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Returns:   
HES   TOT   

Hess Corporation

 
    
Compared with the overall equity markets, risk-adjusted returns on investments in Hess Corporation are ranked lower than 17 (%) of all global equities and portfolios over the last 30 days.
    

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Total SA

 
    
Compared with the overall equity markets, risk-adjusted returns on investments in Total SA are ranked lower than 22 (%) of all global equities and portfolios over the last 30 days.
    

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