|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 SA is expected to under-perform the TOTAL SA. But the stock apears to be less risky and, when comparing its historical volatility, Petrobras Argentina SA is 1.07 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 -0.1 of returns per unit of risk over similar time horizon. If you would invest 4,917 in TOTAL SA on April 24, 2016 and sell it today you would lose (159.00) from holding TOTAL SA or give up 3.23% of portfolio value over 30 days.
Historical Performance Chart