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SP 500   1,655   13.81  Index Moved Down -0.83%
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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 All Ords  vs   Carbon Minerals Limited
Check Correlation Matrix  
Daily Returns (%)
AORD   CRM   
 
Assuming 30 trading days horizon, All Ords is expected to generate 0.94 times more return on investment than Salesforce. However, All Ords is 1.06 times less risky than Salesforce. It trades about 0.21 of its potential returns per unit of risk. Carbon Minerals Limited is currently generating about -0.24 per unit of risk. If you would invest  508,420  in All Ords on April 23, 2013 and sell it today you would earn a total of  5,790  from holding All Ords or generate 1.14% return on investment over 30 days.

Diversification

Excellent diversification
Overlapping area represents amount of risk that can be diversified away by holding All Ords and Carbon Minerals Limited in the same portfolio assuming nothing else is changed

Correlation Coefficient

-0.55
Parameters
Time Period1 Month [change]
DirectionNegative ^AORD Moved Down vs CRM.AX
StrengthVery Weak
Accuracy80.95%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
AORD   CRM   

All Ords

 
    
All Ords
Performance
11
Out Of
100
Over 30
Days
    

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Carbon Minerals Limited

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

Match ups for Salesforce

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