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NYSE 10,576 5.981 Index Moved Down

-0.06%

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Correlation analysis between Petrobras and Total

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Investment horizon:

30 Days Login to change

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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. Please also check ongoing floating volatility patterns of Petrobras and Total.

Petrobras Argentina SA vs Total SA

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Daily Returns (%)

PZE

TOT

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Timeline

Considering 30-days investment horizon, Petrobras Argentina SA is expected to under-perform the Total. In addition to that, Petrobras is 3.12 times more volatile than Total SA. It trades about -0.02 of its total potential returns per unit of risk. Total SA is currently generating about 0.3 per unit of volatility. If you would invest 6,513 in Total SA on March 25, 2014 and sell it today you would earn a total of 286.00 from holding Total SA or generate 4.39% return on investment over 30 days.

Diversification

Good 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

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Correlation Coefficient

-0.11

Parameters

Time Period	1 Month [change]
Direction	Negative
Strength	Insignificant
Accuracy	100.0%
Values	Daily Returns

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Returns:

PZE

TOT

Petrobras Argentina SA

Alpha

Profile

Over the last 30 days Petrobras Argentina SA has generated negative risk-adjusted returns adding no value to investors with long positions.

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Total SA

Alpha

Profile

Compared with the overall equity markets, risk-adjusted returns on investments in Total SA are ranked lower than 16 (%) of all global equities and portfolios over the last 30 days.

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