|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 under-perform the Hess. But the stock apears to be less risky and, when comparing its historical volatility, TOTAL SA is 1.54 times less risky than Hess. The stock trades about -0.15 of its potential returns per unit of risk. The Hess Corporation is currently generating about 0.05 of returns per unit of risk over similar time horizon. If you would invest 5,898 in Hess Corporation on May 1, 2016 and sell it today you would earn a total of 95.00 from holding Hess Corporation or generate 1.61% return on investment over 30 days.