Asset Comparison and Correlation
|S&P 500 vs Encana Corp.|
Assuming 30 trading days horizon, S&P 500 is expected to generate 0.31 times more return on investment than Encana. However, S&P 500 is 3.24 times less risky than Encana. It trades about 0.56 of its potential returns per unit of risk. Encana Corporation is currently generating about 0.14 per unit of risk. If you would invest 157,878 in S&P 500 on April 21, 2013 and sell it today you would earn a total of 8,751 from holding S&P 500 or generate 5.54% return on investment over 30 days.
Match ups for SP 500
93% of all equities and portfolios perform better than Encana Corporation. Compared with the overall equity markets, risk-adjusted returns on investments in Encana Corporation are ranked lower than 7 (%) of all global equities and portfolios over the last 30 days.
Match ups for Encana