- Companies in United States
This module allows you to analyze existing cross correlation between Alphabet Inc and Exxon Mobil Corporation. You can compare the effects of market volatilities on Alphabet and Exxon 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 Alphabet with a short position of Exxon. See also your portfolio center.Please also check ongoing floating volatility patterns of Alphabet and Exxon.
|Investment Horizon||30 Days Login to change|
Given the investment horizon of 30 days, Alphabet is expected to generate 2.22 times less return on investment than Exxon. But when comparing it to its historical volatility, Alphabet Inc is 1.41 times less risky than Exxon. It trades about 0.11 of its potential returns per unit of risk. Exxon Mobil Corporation is currently generating about 0.18 of returns per unit of risk over similar time horizon. If you would invest 8,324 in Exxon Mobil Corporation on September 27, 2016 and sell it today you would earn a total of 385.00 from holding Exxon Mobil Corporation or generate 4.63% return on investment over 30 days.