Macroaxis: Personalized Investing
Personalized Investing and
Digital Wealth Optimization

Benchmark  United States  NYSE  10,930   6.91 Index Moved Down -0.06%  


Processing
Collecting data for TOT and HES ...

Correlation analysis between Total and Hess

   
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 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 with a short position of Hess. Please also check ongoing floating volatility patterns of Total and Hess.
 
 Total SA  vs   Hess Corp.
Daily Returns (%)
HES   TOT   
 
Change Benchmark  Embed  Timeline 
Considering 30-days investment horizon, Total SA is expected to under-perform the Hess. In addition to that, Total is 1.9 times more volatile than Hess Corporation. It trades about -0.26 of its total potential returns per unit of risk. Hess Corporation is currently generating about 0.09 per unit of volatility. If you would invest  9,961  in Hess Corporation on July 1, 2014 and sell it today you would earn a total of  144.00  from holding Hess Corporation or generate 1.45% return on investment over 30 days.

Diversification

Modest diversification
Overlapping area represents amount of risk that can be diversified away by holding Total SA and Hess Corp. in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.28
Parameters
Time Period1 Month [change]
DirectionPositive HES Moved Up vs TOT
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns
Follow Correlation between TOT and HES with Macroaxis syndicated feed, custom widget, or your favorite custom stock ticker
Share Correlation between TOT and HES 
Find Opportunities

Historical Performance Chart

Comparative Volatility

Predicted Return Density
 
Embed  
Returns:   
HES   TOT   

Total SA

  
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

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

Hess

  
Compared with the overall equity markets, risk-adjusted returns on investments in Hess Corporation are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for Hess

ConocoPhillips vs. Hess Corporation
Occidental Petroleum Corporation vs. Hess Corporation
Enterprise Products Partners LP vs. Hess Corporation
EOG Resources Inc vs. Hess Corporation
Suncor Energy Inc vs. Hess Corporation
Anadarko Petroleum Corporation vs. Hess Corporation
Canadian Natural Resources Limited vs. Hess Corporation
Apache Corp vs. Hess Corporation
Pioneer Natural Resources Co vs. Hess Corporation
Devon Energy Corporation vs. Hess Corporation


 
Analytics
Risk Adjusted Returns Landscape
Live Efficient Frontier
Market Correlation Analysis
Watchlist Analysis
Financial Content
Portfolio Estimation and Projections
Portfolio Theme Builder
 
 
Research Modules
Equities Backtesting Analysis
Instant Retirement Optimizer
Cross-portfolio RSS and Mobile Access
Company, fund, and ETF Directory
Financial Advisor Directory
Insider and Manager Directory
Wealth Management
 
Services And Technology
Frequently Asked Questions
Quick Product Tour
Product Technology Overview
Solution Methodology
Plans and Pricing
 
Free Investor Tools
World Market Correlations
Instant Equity Comparator
Watchlist Analysis
Position Suggestions
Equity Alpha Analysis
 
About Us
About Macroaxis
Contact Us
Product Terms Of Use
Service Privacy Policy
Advertising Opportunities