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Benchmark  United States  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
  
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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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

Correlation Coefficient

-0.11
Parameters
Time Period1 Month [change]
DirectionNegative PZE Moved Down vs TOT
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
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Returns:   
PZE   TOT   

Petrobras Argentina SA

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

Match-ups for Petrobras

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

Total SA

 
    
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.
    

Match-ups for Total

Exxon Mobil Corporation vs. Total SA
Royal Dutch Shell plc vs. Total SA
Chevron Corporation vs. Total SA
PetroChina Co Ltd 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