- Companies in United States
This module allows you to analyze existing cross correlation between Merck Co Inc and Exxon Mobil Corporation. You can compare the effects of market volatilities on Merck 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 Merck with a short position of Exxon. See also your portfolio center.Please also check ongoing floating volatility patterns of Merck and Exxon.
|Investment Horizon||30 Days Login to change|
Considering 30-days investment horizon, Merck Co Inc is expected to under-perform the Exxon. But the stock apears to be less risky and, when comparing its historical volatility, Merck Co Inc is 1.01 times less risky than Exxon. The stock trades about -0.11 of its potential returns per unit of risk. The Exxon Mobil Corporation is currently generating about 0.14 of returns per unit of risk over similar time horizon. If you would invest 8,354 in Exxon Mobil Corporation on September 22, 2016 and sell it today you would earn a total of 308.00 from holding Exxon Mobil Corporation or generate 3.69% return on investment over 30 days.