This module allows you to analyze existing cross correlation between QEP Resources and Exxon Mobil Corporation. You can compare the effects of market volatilities on QEP Resources 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 QEP Resources with a short position of Exxon. See also your portfolio center. Please also check ongoing floating volatility patterns of QEP Resources and Exxon.
|Horizon||30 Days Login to change|
Over the last 30 days QEP Resources has generated negative risk-adjusted returns adding no value to investors with long positions. Inspite sluggish performance in the last few months, the Stock's forward-looking indicators remain very unfluctuating which may send shares a bit higher in November 2019. The recent disarray may also be a sign of long period up-swing for the corporate body insiders.
Over the last 30 days Exxon Mobil Corporation has generated negative risk-adjusted returns adding no value to investors with long positions. Even with latest sluggish performance, the Stock's technical indicators remain steady and the new chaos on Wall Street may also be a sign of medium term gains for the business stakeholders.
QEP Resources and Exxon Volatility Contrast
Predicted Return Density
QEP Resources Inc vs. Exxon Mobil Corp.
Considering 30-days investment horizon, QEP Resources is expected to under-perform the Exxon. In addition to that, QEP Resources is 4.32 times more volatile than Exxon Mobil Corporation. It trades about -0.13 of its total potential returns per unit of risk. Exxon Mobil Corporation is currently generating about -0.08 per unit of volatility. If you would invest 7,316 in Exxon Mobil Corporation on September 17, 2019 and sell it today you would lose (502.00) from holding Exxon Mobil Corporation or give up 6.86% of portfolio value over 30 days.
Pair Corralation between QEP Resources and Exxon
|Time Period||3 Months [change]|
Diversification Opportunities for QEP Resources and Exxon
Overlapping area represents the amount of risk that can be diversified away by holding QEP Resources Inc and Exxon Mobil Corp. in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Exxon Mobil and QEP Resources is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on QEP Resources are associated (or correlated) with Exxon. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Exxon Mobil has no effect on the direction of QEP Resources i.e. QEP Resources and Exxon go up and down completely randomly.
See also your portfolio center. Please also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.