Asset Comparison and Correlation
|Canada Composite vs Rio Novo Gold Inc.|
Assuming 30 trading days horizon, Canada Composite is expected to generate 0.1 times more return on investment than Rio Novo. However, Canada Composite is 10.48 times less risky than Rio Novo. It trades about 0.36 of its potential returns per unit of risk. Rio Novo Gold Inc is currently generating about -0.11 per unit of risk. If you would invest 1,209,090 in Canada Composite on April 22, 2013 and sell it today you would earn a total of 65,150 from holding Canada Composite or generate 5.39% return on investment over 30 days.
Match ups for Canada
Over the last 30 days Rio Novo Gold Inc has generated negative risk-adjusted returns adding no value to investors with long positions.
Match ups for Rio Novo