|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 Corporation 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 Corporation. Please also check ongoing floating volatility patterns of Total SA and Hess Corporation.Total SA vs Hess Corp.
|Daily Returns (%)|
Considering 30-days investment horizon, Total SA is expected to generate 2.49 times less return on investment than Hess Corporation. But when comparing it to its historical volatility, Total SA is 1.79 times less risky than Hess Corporation. It trades about 0.08 of its potential returns per unit of risk. Hess Corporation is currently generating about 0.11 of returns per unit of risk over similar time horizon. If you would invest 5,621 in Hess Corporation on October 30, 2015 and sell it today you would earn a total of 288.00 from holding Hess Corporation or generate 5.12% return on investment over 30 days.
Historical Performance Chart
Predicted Return Density
Pair trading matchups for Total SA
Pair trading matchups for Hess Corporation