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Benchmark SP 500  1,629   22.88  Index Moved Down -1.39% United States ...


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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 S&P 500  vs   Tesla Motors Inc.
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Daily Returns (%)
TSLA   GSPC   
 
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Assuming 30 trading days horizon, S&P 500 is expected to under-perform the Tesla. But the index apears to be less risky and, when comparing its historical volatility, S&P 500 is 5.55 times less risky than Tesla. The index trades about -0.05 of its potential returns per unit of risk. The Tesla Motors Inc is currently generating about 0.17 of returns per unit of risk over similar time horizon. If you would invest  8,759  in Tesla Motors Inc on May 20, 2013 and sell it today you would earn a total of  1,580  from holding Tesla Motors Inc or generate 18.04% return on investment over 30 days.

Diversification

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

Correlation Coefficient

0.35
Parameters
Time Period1 Month [change]
DirectionPositive TSLA Moved Up vs ^GSPC
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
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Returns   
TSLA   GSPC   

S&P 500

 
    
SP 500
Performance
0
Out Of
100
Over 30
Days
    

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Tesla Motors Inc

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

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