|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 Argentina 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 Petrobras Argentina with a short position of TOTAL SA. Please also check ongoing floating volatility patterns of Petrobras Argentina and TOTAL SA.Petrobras Argentina SA vs TOTAL S.A.
Considering 30-days investment horizon, Petrobras Argentina is expected to generate 1.62 times less return on investment than TOTAL SA. In addition to that, Petrobras Argentina is 1.0 times more volatile than TOTAL SA. It trades about 0.08 of its total potential returns per unit of risk. TOTAL SA is currently generating about 0.13 per unit of volatility. If you would invest 4,061 in TOTAL SA on January 8, 2016 and sell it today you would earn a total of 286.00 from holding TOTAL SA or generate 7.04% return on investment over 30 days.
Historical Performance Chart
Pair trading matchups for Petrobras Argentina
Pair trading matchups for TOTAL SA