This module allows you to analyze existing cross correlation between Exxon Mobil Corporation and ATT. You can compare the effects of market volatilities on Exxon and ATT 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 ATT. See also your portfolio center. Please also check ongoing floating volatility patterns of Exxon and ATT.
|Horizon||30 Days Login to change|
Over the last 30 days Exxon Mobil Corporation has generated negative risk-adjusted returns adding no value to investors with long positions. Even with considerably steady technical indicators, Exxon is not utilizing all of its potentials. The new stock price chaos, may contribute to medium term losses for the stakeholders.
Compared to the overall equity markets, risk-adjusted returns on investments in ATT are ranked lower than 14 (%) of all global equities and portfolios over the last 30 days. In spite of comparatively sluggish essential indicators, ATT unveiled solid returns over the last few months and may actually be approaching a breakup point.
Exxon and ATT Volatility Contrast
Predicted Return Density
Exxon Mobil Corp. vs. ATT Inc
Considering 30-days investment horizon, Exxon Mobil Corporation is expected to under-perform the ATT. In addition to that, Exxon is 1.06 times more volatile than ATT. It trades about -0.02 of its total potential returns per unit of risk. ATT is currently generating about 0.21 per unit of volatility. If you would invest 3,205 in ATT on August 19, 2019 and sell it today you would earn a total of 511.00 from holding ATT or generate 15.94% return on investment over 30 days.
Pair Corralation between Exxon and ATT
|Time Period||3 Months [change]|
Diversification Opportunities for Exxon and ATT
Almost no diversification
Overlapping area represents the amount of risk that can be diversified away by holding Exxon Mobil Corp. and ATT Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on ATT and Exxon 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 Exxon Mobil Corporation are associated (or correlated) with ATT. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ATT has no effect on the direction of Exxon i.e. Exxon and ATT go up and down completely randomly.
See also your portfolio center. Please also try ETF Directory module to find actively-traded exchange traded funds (etf) from around the world.