Macroaxis: Personalized Investing

Personalized Investing and

Digital Wealth Optimization

Benchmark  United States  NYSE  10,875   9.9912 Index Moved Up 0.092%  


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Collecting data for PZE and TOT ...

Correlation analysis between Petrobras and Total  

    
Investment horizon:  
  30 Days    Login   to change
  
This module allows you to analyze existing cross correlation between Petrobras Argentina SA and Total SA. You can compare the effects of market volatilities on Petrobras 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 Petrobras with a short position of Total. Please also check ongoing floating volatility patterns of Petrobras and Total.
 Petrobras Argentina SA  vs   Total SA
Daily Returns (%)
PZE   TOT   
Benchmark  Embed   Timeline 
Considering 30-days investment horizon, Petrobras Argentina SA is expected to generate 1.36 times more return on investment than Total. However, Petrobras is 1.36 times more volatile than Total SA. It trades about 0.38 of its potential returns per unit of risk. Total SA is currently generating about -0.1 per unit of risk. If you would invest  582  in Petrobras Argentina SA on February 26, 2015 and sell it today you would earn a total of  121.00  from holding Petrobras Argentina SA or generate 20.79% return on investment over 30 days.

Correlation Coefficient

0.28

Parameters

Time Period1 Month [change]
DirectionPositive TOT Moved Up vs PZE
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns

Diversification

Modest diversification

Overlapping area represents amount of risk that can be diversified away by holding Petrobras Argentina SA and Total SA in the same portfolio assuming nothing else is changed

Historical Performance Chart

Comparative Volatility

Predicted Return Density  
Benchmark  Embed   Returns 

Petrobras Argentina SA

  
Compared with the overall equity markets, risk-adjusted returns on investments in Petrobras Argentina SA are ranked lower than 24 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Petrobras

Exxon Mobil Corporation vs. Petrobras Argentina SA
Royal Dutch Shell plc vs. Petrobras Argentina SA
PetroChina Co Ltd vs. Petrobras Argentina SA
Chevron Corporation vs. Petrobras Argentina SA
BP plc vs. Petrobras Argentina SA
Total SA vs. Petrobras Argentina SA
China Petroleum Chemical Corp vs. Petrobras Argentina SA
Eni SpA vs. Petrobras Argentina SA
Statoil ASA vs. Petrobras Argentina SA
Ecopetrol SA vs. Petrobras Argentina SA
  

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
Royal Dutch Shell plc vs. Total SA
PetroChina Co Ltd vs. Total SA
Chevron Corporation vs. Total SA
BP plc vs. Total SA
China Petroleum Chemical Corp vs. Total SA
Eni SpA vs. Total SA
Statoil ASA vs. Total SA
Ecopetrol SA vs. Total SA