This module allows you to analyze existing cross correlation between Apple and Chevron Corporation. You can compare the effects of market volatilities on Apple 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 Apple with a short position of Chevron. See also your portfolio center. Please also check ongoing floating volatility patterns of Apple and Chevron.
|Time Horizon||30 Days Login to change|
Apple Inc vs. Chevron Corp.
Given the investment horizon of 30 days, Apple is expected to under-perform the Chevron. But the stock apears to be less risky and, when comparing its historical volatility, Apple is 1.85 times less risky than Chevron. The stock trades about -0.13 of its potential returns per unit of risk. The Chevron Corporation is currently generating about 0.09 of returns per unit of risk over similar time horizon. If you would invest 12,219 in Chevron Corporation on May 25, 2018 and sell it today you would earn a total of 291.00 from holding Chevron Corporation or generate 2.38% return on investment over 30 days.