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United States  USA  |  Investing Themes


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Collecting data for ^AORD and PGS ...

Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 All Ords  vs   Planet Gas Limited
Check Correlation Matrix  
Daily Returns (%)
AORD   PGS   
 
Assuming 30 trading days horizon, All Ords is expected to generate 42.0 times less return on investment than Planet. But when comparing it to its historical volatility, All Ords is 74.3 times less risky than Planet. It trades about 0.33 of its potential returns per unit of risk. Planet Gas Limited is currently generating about 0.19 of returns per unit of risk over similar time horizon. If you would invest  2.00  in Planet Gas Limited on April 20, 2013 and sell it today you would earn a total of  0.00 from holding Planet Gas Limited or generate 0.0% 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 Planet Gas Limited in the same portfolio assuming nothing else is changed

Correlation Coefficient

-0.29
Parameters
Time Period1 Month [change]
DirectionNegative ^AORD Moved Down vs PGS.AX
StrengthInsignificant
Accuracy89.47%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
AORD   PGS   

All Ords

 
    
All Ords
Performance
17
Out Of
100
Over 30
Days
    

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Planet Gas Limited

 
    
Planet
Performance
10
Out Of
100
Over 30
Days
90% of all equities and portfolios perform better than Planet Gas Limited. Compared with the overall equity markets, risk-adjusted returns on investments in Planet Gas Limited are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days.
    

Match ups for Planet

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