Asset Comparison and Correlation
|S&P 500 vs Cummins Inc.|
Assuming 30 trading days horizon, SP 500 is expected to generate 1.27 times less return on investment than Cummins. But when comparing it to its historical volatility, S&P 500 is 3.84 times less risky than Cummins. It trades about 0.6 of its potential returns per unit of risk. Cummins Inc is currently generating about 0.2 of returns per unit of risk over similar time horizon. If you would invest 10,767 in Cummins Inc on April 19, 2013 and sell it today you would earn a total of 876 from holding Cummins Inc or generate 8.14% return on investment over 30 days.
Match ups for SP 500
90% of all equities and portfolios perform better than Cummins Inc. Compared with the overall equity markets, risk-adjusted returns on investments in Cummins Inc are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days.
Match ups for Cummins