Asset Comparison and Correlation
|S&P 500 vs Biomerica Inc.|
Assuming 30 trading days horizon, S&P 500 is expected to generate 0.12 times more return on investment than Biomerica. However, S&P 500 is 8.3 times less risky than Biomerica. It trades about 0.32 of its potential returns per unit of risk. Biomerica Inc is currently generating about -0.06 per unit of risk. If you would invest 158,224 in S&P 500 on April 25, 2013 and sell it today you would earn a total of 6,736 from holding S&P 500 or generate 4.26% return on investment over 30 days.
Match-ups for SP 500
Over the last 30 days Biomerica Inc has generated negative risk-adjusted returns adding no value to investors with long positions.
Match-ups for Biomerica