|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 generate 1.64 times more return on investment than TOTAL SA. However, Hess is 1.64 times more volatile than TOTAL SA. It trades about -0.02 of its potential returns per unit of risk. TOTAL SA is currently generating about -0.13 per unit of risk. If you would invest 6,127 in Hess Corporation on April 27, 2016 and sell it today you would lose (85.00) from holding Hess Corporation or give up 1.39% of portfolio value over 30 days.
Historical Performance Chart