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SP 500   1,655   13.81  Index Moved Down -0.83%
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United States GSPC USD ...  |  Create Portfolios


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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 S&P 500  vs   Baidu Inc.
Check Correlation Matrix  
Daily Returns (%)
GSPC   BIDU   
 
Assuming 30 trading days horizon, SP 500 is expected to generate 1.86 times less return on investment than Baidu. But when comparing it to its historical volatility, S&P 500 is 5.26 times less risky than Baidu. It trades about 0.39 of its potential returns per unit of risk. Baidu Inc is currently generating about 0.14 of returns per unit of risk over similar time horizon. If you would invest  8,809  in Baidu Inc on April 23, 2013 and sell it today you would earn a total of  705  from holding Baidu Inc or generate 8.0% return on investment over 30 days.

Diversification

Weak diversification
Overlapping area represents amount of risk that can be diversified away by holding S&P 500 and Baidu Inc. in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.32
Parameters
Time Period1 Month [change]
DirectionPositive BIDU Moved Up vs ^GSPC
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
GSPC   BIDU   

S&P 500

 
    
SP 500
Performance
20
Out Of
100
Over 30
Days
    

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Baidu Inc

 
    
Baidu
Performance
7
Out Of
100
Over 30
Days
93% of all equities and portfolios perform better than Baidu Inc. Compared with the overall equity markets, risk-adjusted returns on investments in Baidu Inc are ranked lower than 7 (%) of all global equities and portfolios over the last 30 days.
    

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