This module allows you to analyze existing cross correlation between Alcoa Corporation and Chevron Corporation. You can compare the effects of market volatilities on Alcoa and Chevron 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 Alcoa with a short position of Chevron. See also your portfolio center. Please also check ongoing floating volatility patterns of Alcoa and Chevron.
|Time Horizon||30 Days Login to change|
Alcoa Corp. vs. Chevron Corp.
Allowing for the 30-days total investment horizon, Alcoa Corporation is expected to under-perform the Chevron. In addition to that, Alcoa is 1.33 times more volatile than Chevron Corporation. It trades about -0.23 of its total potential returns per unit of risk. Chevron Corporation is currently generating about -0.08 per unit of volatility. If you would invest 12,937 in Chevron Corporation on May 20, 2018 and sell it today you would lose (340.00) from holding Chevron Corporation or give up 2.63% of portfolio value over 30 days.