- Companies in United States
This module allows you to analyze existing cross correlation between Exxon Mobil Corporation and Alphabet Inc. You can compare the effects of market volatilities on Exxon and Alphabet 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 Exxon with a short position of Alphabet. See also your portfolio center.Please also check ongoing floating volatility patterns of Exxon and Alphabet.
|Investment Horizon||30 Days Login to change|
Considering 30-days investment horizon, Exxon is expected to generate 1.23 times less return on investment than Alphabet. But when comparing it to its historical volatility, Exxon Mobil Corporation is 1.68 times less risky than Alphabet. It trades about 0.24 of its potential returns per unit of risk. Alphabet Inc is currently generating about 0.18 of returns per unit of risk over similar time horizon. If you would invest 75,361 in Alphabet Inc on November 11, 2016 and sell it today you would earn a total of 3,568 from holding Alphabet Inc or generate 4.73% return on investment over 30 days.