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SP 500   1,672   6.00  Index Moved Up 0.36%
DUK SO D AEP Macroaxis 30 Large Value Apparel Real Estate 
United States GSPC USD ...  |  Company Directory


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Collecting data for ^GSPC and VALE ...

Asset Comparison and Correlation

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Investment horizon: 
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 S&P 500  vs   Vale S.A.
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Daily Returns (%)
GSPC   VALE   
 
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Timeline
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.

Diversification

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

Correlation Coefficient

0.31
Parameters
Time Period1 Month [change]
DirectionPositive VALE Moved Up vs ^GSPC
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
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Returns   
GSPC   VALE   

S&P 500

 
Profile
    
SP 500
Performance
30
Out Of
100
Over 30
Days
?
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Vale SA

Alpha
 
Profile
    
Vale
Performance
0
Out Of
100
Over 30
Days
?
Over the last 30 days Vale SA has generated negative risk-adjusted returns adding no value to investors with long positions.
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Match ups for Vale

BHP Billiton Limited vs. Vale SA
BHP Billiton plc vs. Vale SA
Rio Tinto plc vs. Vale SA
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