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Collecting data for ^BFX and ^MERV ...

Asset Comparison and Correlation

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Investment horizon: 
  30 Days    Login   to change
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 EURONEXT BEL-20  vs   MerVal
World Correlation Matrix  
Daily Returns (%)
MERV   BFX   
 
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Timeline
Given investment horizon of 30 days, EURONEXT is expected to generate 1.06 times less return on investment than MerVal. But when comparing it to its historical volatility, EURONEXT BEL-20 is 2.77 times less risky than MerVal. It trades about 0.4 of its potential returns per unit of risk. MerVal is currently generating about 0.15 of returns per unit of risk over similar time horizon. If you would invest  353,040  in MerVal on April 19, 2013 and sell it today you would earn a total of  16,434  from holding MerVal or generate 4.65% return on investment over 30 days.

Diversification

Average diversification
Overlapping area represents amount of risk that can be diversified away by holding EURONEXT BEL-20 and MerVal in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.14
Parameters
Time Period1 Month [change]
DirectionPositive ^MERV Moved Up vs ^BFX
StrengthInsignificant
Accuracy95.0%
ValuesDaily Returns
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Predicted Return Density
 
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Returns   
MERV   BFX   

EURONEXT BEL-20

 
Profile
    
EURONEXT
Performance
21
Out Of
100
Over 30
Days
?
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MerVal

 
Profile
    
MerVal
Performance
8
Out Of
100
Over 30
Days
?
Check Performance
Backtest
Predict Price
    

Match ups for MerVal

Newfield Exploration Co vs. MerVal
Occidental Petroleum Corporation vs. MerVal
TF Financial Corporation vs. MerVal
DOREL INDS CL B vs. MerVal
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Global X NASDAQ China Technology ETF vs. MerVal
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Southwestern Energy Co vs. MerVal
Pioneer Natural Resources Co vs. MerVal
Noble Energy Inc vs. MerVal
Marathon Oil Corporation vs. MerVal


 
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