Asset Comparison and Correlation
|DAX vs COBALT INTL ENERGY|
Assuming 30 trading days horizon, DAX is expected to generate 0.6 times more return on investment than COBALT. However, DAX is 1.67 times less risky than COBALT. It trades about -0.12 of its potential returns per unit of risk. COBALT INTL ENERGY is currently generating about -0.23 per unit of risk. If you would invest 847,220 in DAX on May 20, 2013 and sell it today you would lose (24,269) from holding DAX or give up 2.86% of portfolio value over 30 days.
Match-ups for DAX
Over the last 30 days COBALT INTL ENERGY has generated negative risk-adjusted returns adding no value to investors with long positions.
Match-ups for COBALT