Correlation Analysis Between Exxon and ATT

This module allows you to analyze existing cross correlation between Exxon Mobil Corporation and ATT. You can compare the effects of market volatilities on Exxon and ATT 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 Exxon with a short position of ATT. See also your portfolio center. Please also check ongoing floating volatility patterns of Exxon and ATT.
Horizon     30 Days    Login   to change
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Comparative Performance

Exxon Mobil  
00

Risk-Adjusted Performance

Over the last 30 days Exxon Mobil Corporation has generated negative risk-adjusted returns adding no value to investors with long positions. Even with considerably steady technical indicators, Exxon is not utilizing all of its potentials. The existing stock price chaos, may contribute to medium term losses for the stakeholders.
ATT  
1616

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in ATT are ranked lower than 16 (%) of all global equities and portfolios over the last 30 days. In spite of comparatively uncertain essential indicators, ATT unveiled solid returns over the last few months and may actually be approaching a breakup point.

Exxon and ATT Volatility Contrast

 Predicted Return Density 
      Returns 

Exxon Mobil Corp.  vs.  ATT Inc

 Performance (%) 
      Timeline 

Pair Volatility

Considering 30-days investment horizon, Exxon Mobil Corporation is expected to under-perform the ATT. In addition to that, Exxon is 1.17 times more volatile than ATT. It trades about -0.07 of its total potential returns per unit of risk. ATT is currently generating about 0.25 per unit of volatility. If you would invest  3,209  in ATT on September 21, 2019 and sell it today you would earn a total of  614.00  from holding ATT or generate 19.13% return on investment over 30 days.

Pair Corralation between Exxon and ATT

-0.14
Time Period3 Months [change]
DirectionNegative 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Exxon and ATT

Exxon Mobil Corp. diversification synergy

Good diversification

Overlapping area represents the amount of risk that can be diversified away by holding Exxon Mobil Corp. and ATT Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on ATT and Exxon 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 Exxon Mobil Corporation are associated (or correlated) with ATT. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ATT has no effect on the direction of Exxon i.e. Exxon and ATT go up and down completely randomly.
See also your portfolio center. Please also try Pattern Recognition module to use different pattern recognition models to time the market across multiple global exchanges.


 
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