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Collecting data for ^AORD and CMI ...

Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 All Ords  vs   CMI Ltd.
Check Correlation Matrix  
Daily Returns (%)
AORD   CMI   
 
Assuming 30 trading days horizon, All Ords is expected to generate 0.19 times more return on investment than CMI Ltd. However, All Ords is 5.22 times less risky than CMI Ltd. It trades about 0.33 of its potential returns per unit of risk. CMI Ltd is currently generating about -0.21 per unit of risk. If you would invest  500,260  in All Ords on April 20, 2013 and sell it today you would earn a total of  15,720  from holding All Ords or generate 3.14% return on investment over 30 days.

Diversification

Very good diversification
Overlapping area represents amount of risk that can be diversified away by holding All Ords and CMI Ltd. in the same portfolio assuming nothing else is changed

Correlation Coefficient

-0.42
Parameters
Time Period1 Month [change]
DirectionNegative ^AORD Moved Down vs CMI.AX
StrengthVery Weak
Accuracy89.47%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
AORD   CMI   

All Ords

 
    
All Ords
Performance
17
Out Of
100
Over 30
Days
    

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CMI Ltd

 
    
CMI Ltd
Performance
0
Out Of
100
Over 30
Days
Over the last 30 days CMI Ltd has generated negative risk-adjusted returns adding no value to investors with long positions.
    

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