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


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Collecting data for ^GSPC and E ...

Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 S&P 500  vs   Eni SpA
Check Correlation Matrix  
Daily Returns (%)
E   GSPC   
 
Assuming 30 trading days horizon, S&P 500 is expected to generate 0.54 times more return on investment than Eni SPA. However, S&P 500 is 1.85 times less risky than Eni SPA. It trades about 0.56 of its potential returns per unit of risk. Eni SpA is currently generating about 0.15 per unit of risk. If you would invest  157,878  in S&P 500 on April 22, 2013 and sell it today you would earn a total of  9,038  from holding S&P 500 or generate 5.72% return on investment over 30 days.

Diversification

Very weak diversification
Overlapping area represents amount of risk that can be diversified away by holding S&P 500 and Eni SpA in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.57
Parameters
Time Period1 Month [change]
DirectionPositive E Moved Up vs ^GSPC
StrengthWeak
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
E   GSPC   

S&P 500

 
    
SP 500
Performance
30
Out Of
100
Over 30
Days
    

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Eni SpA

 
    
Eni SPA
Performance
8
Out Of
100
Over 30
Days
92% of all equities and portfolios perform better than Eni SpA. Compared with the overall equity markets, risk-adjusted returns on investments in Eni SpA are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days.
    

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