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SP 500   1,655   13.81  Index Moved Down -0.83%
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United States GSPC USD ...  |  Macroaxis Daily Picks


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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 S&P 500  vs   Elizabeth Arden Inc.
Check Correlation Matrix  
Daily Returns (%)
GSPC   RDEN   
 
Assuming 30 trading days horizon, SP 500 is expected to generate 2.77 times less return on investment than Elizabeth. But when comparing it to its historical volatility, S&P 500 is 4.14 times less risky than Elizabeth. It trades about 0.39 of its potential returns per unit of risk. Elizabeth Arden Inc is currently generating about 0.26 of returns per unit of risk over similar time horizon. If you would invest  4,151  in Elizabeth Arden Inc on April 23, 2013 and sell it today you would earn a total of  645  from holding Elizabeth Arden Inc or generate 15.54% return on investment over 30 days.

Diversification

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

Correlation Coefficient

0.69
Parameters
Time Period1 Month [change]
DirectionPositive RDEN Moved Up vs ^GSPC
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
GSPC   RDEN   

S&P 500

 
    
SP 500
Performance
20
Out Of
100
Over 30
Days
    

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Elizabeth Arden Inc

 
    
Elizabeth
Performance
14
Out Of
100
Over 30
Days
86% of all equities and portfolios perform better than Elizabeth Arden Inc. Compared with the overall equity markets, risk-adjusted returns on investments in Elizabeth Arden Inc are ranked lower than 14 (%) of all global equities and portfolios over the last 30 days.
    

Match ups for Elizabeth

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