This module allows you to analyze existing cross correlation between Chevron Corporation and Alcoa Corporation. You can compare the effects of market volatilities on Chevron and Alcoa 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 Chevron with a short position of Alcoa. See also your portfolio center. Please also check ongoing floating volatility patterns of Chevron and Alcoa.
|Time Horizon||30 Days Login to change|
Chevron Corp. vs. Alcoa Corp.
Considering 30-days investment horizon, Chevron Corporation is expected to generate 0.68 times more return on investment than Alcoa. However, Chevron Corporation is 1.47 times less risky than Alcoa. It trades about 0.04 of its potential returns per unit of risk. Alcoa Corporation is currently generating about -0.15 per unit of risk. If you would invest 12,139 in Chevron Corporation on May 26, 2018 and sell it today you would earn a total of 114.00 from holding Chevron Corporation or generate 0.94% return on investment over 30 days.