This module allows you to analyze existing cross correlation between Twitter and Exxon Mobil Corporation. You can compare the effects of market volatilities on Twitter and Exxon 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 Twitter with a short position of Exxon. See also your portfolio center. Please also check ongoing floating volatility patterns of Twitter and Exxon.
|Horizon||30 Days Login to change|
Compared to the overall equity markets, risk-adjusted returns on investments in Twitter are ranked lower than 2 (%) of all global equities and portfolios over the last 30 days. In defiance of relatively invariable forward-looking signals, Twitter is not utilizing all of its potentials. The late stock price agitation, may contribute to short term losses for the management.
Over the last 30 days Exxon Mobil Corporation has generated negative risk-adjusted returns adding no value to investors with long positions. Even with latest sluggish performance, the Stock's technical indicators remain steady and the new chaos on Wall Street may also be a sign of medium term gains for the business stakeholders.
Twitter and Exxon Volatility Contrast
Predicted Return Density
Twitter Inc vs. Exxon Mobil Corp.
Given the investment horizon of 30 days, Twitter is expected to generate 1.72 times more return on investment than Exxon. However, Twitter is 1.72 times more volatile than Exxon Mobil Corporation. It trades about 0.04 of its potential returns per unit of risk. Exxon Mobil Corporation is currently generating about -0.09 per unit of risk. If you would invest 3,758 in Twitter on September 20, 2019 and sell it today you would earn a total of 141.00 from holding Twitter or generate 3.75% return on investment over 30 days.
Pair Corralation between Twitter and Exxon
|Time Period||3 Months [change]|
Diversification Opportunities for Twitter and Exxon
Overlapping area represents the amount of risk that can be diversified away by holding Twitter Inc and Exxon Mobil Corp. in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Exxon Mobil and Twitter is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Twitter are associated (or correlated) with Exxon. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Exxon Mobil has no effect on the direction of Twitter i.e. Twitter and Exxon go up and down completely randomly.
See also your portfolio center. Please also try Fundamental Analysis module to view fundamental data based on most recent published financial statements.