Considering 30-days investment horizon, Petrobras Argentina SA is expected to generate 2.42 times more return on investment than Total. However, Petrobras is 2.42 times more volatile than Total SA. It trades about 0.05 of its potential returns per unit of risk. Total SA is currently generating about -0.3 per unit of risk. If you would invest 657 in Petrobras Argentina SA on July 3, 2014 and sell it today you would earn a total of 16.00 from holding Petrobras Argentina SA or generate 2.44% return on investment over 30 days.
Compared with the overall equity markets, risk-adjusted returns on investments in Petrobras Argentina SA are ranked lower than 2 (%) of all global equities and portfolios over the last 30 days.
Pair trading matchups for Petrobras
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