Asset Comparison and Correlation
|S&P 500 vs Vale S.A.|
Assuming 30 trading days horizon, S&P 500 is expected to generate 0.28 times more return on investment than Vale. However, S&P 500 is 3.51 times less risky than Vale. It trades about 0.56 of its potential returns per unit of risk. Vale SA is currently generating about 0.01 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
Over the last 30 days Vale SA has generated negative risk-adjusted returns adding no value to investors with long positions.
Match ups for Vale