|Investment Horizon||30 Days Login to change|
This module allows you to analyze existing cross correlation between TOTAL SA and Hess Corporation. You can compare the effects of market volatilities on TOTAL SA and Hess 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 TOTAL SA with a short position of Hess. Please also check ongoing floating volatility patterns of TOTAL SA and Hess.TOTAL S.A. vs Hess Corp.
Considering 30-days investment horizon, TOTAL SA is expected to generate 0.9 times more return on investment than Hess. However, TOTAL SA is 1.11 times less risky than Hess. It trades about -0.02 of its potential returns per unit of risk. Hess Corporation is currently generating about -0.04 per unit of risk. If you would invest 4,852 in TOTAL SA on May 30, 2016 and sell it today you would lose (83.00) from holding TOTAL SA or give up 1.71% of portfolio value over 30 days.