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SP 500   1,666   1.18  Index Moved Down -0.07%
DIS HD WMT T MCD Manufacturing Funds Diversified Assets Moderate 
United States GSPC USD ...  |  Investing Themes


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Collecting data for ^GSPC and ECA ...

Asset Comparison and Correlation

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Investment horizon: 
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 S&P 500  vs   Encana Corp.
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Daily Returns (%)
ECA   GSPC   
 
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Timeline
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.

Diversification

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

Correlation Coefficient

0.24
Parameters
Time Period1 Month [change]
DirectionPositive ECA Moved Up vs ^GSPC
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns
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Returns   
ECA   GSPC   

S&P 500

 
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SP 500
Performance
30
Out Of
100
Over 30
Days
?
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Encana Corporation

Alpha
 
Profile
    
Encana
Performance
7
Out Of
100
Over 30
Days
?
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.
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