This module allows you to analyze existing cross correlation between CVS Health Corporation and Chevron Corporation. You can compare the effects of market volatilities on CVS Health 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 CVS Health with a short position of Chevron. See also your portfolio center. Please also check ongoing floating volatility patterns of CVS Health and Chevron.
|Time Horizon||30 Days Login to change|
CVS Health Corp. vs. Chevron Corp.
Considering 30-days investment horizon, CVS Health Corporation is expected to generate 1.36 times more return on investment than Chevron. However, CVS Health is 1.36 times more volatile than Chevron Corporation. It trades about 0.21 of its potential returns per unit of risk. Chevron Corporation is currently generating about -0.1 per unit of risk. If you would invest 6,550 in CVS Health Corporation on May 21, 2018 and sell it today you would earn a total of 600.00 from holding CVS Health Corporation or generate 9.16% return on investment over 30 days.