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S&P 500   1,667   17.00  Index Moved Up 1.03%
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Collecting data for ^GSPTSE and TC ...

Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 Canada Composite  vs   Tucows Inc.
Check Correlation Matrix  
Daily Returns (%)
GSPTSE   TC   
 
Assuming 30 trading days horizon, Canada Composite is expected to generate 0.19 times more return on investment than Tucows. However, Canada Composite is 5.35 times less risky than Tucows. It trades about 0.35 of its potential returns per unit of risk. Tucows Inc is currently generating about 0.0 per unit of risk. If you would invest  1,206,550  in Canada Composite on April 18, 2013 and sell it today you would earn a total of  54,750  from holding Canada Composite or generate 4.54% return on investment over 30 days.

Diversification

Weak diversification
Overlapping area represents amount of risk that can be diversified away by holding Canada Composite and Tucows Inc. in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.34
Parameters
Time Period1 Month [change]
DirectionPositive TC.TO Moved Up vs ^GSPTSE
StrengthVery Weak
Accuracy95.45%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
GSPTSE   TC   

Canada Composite

 
    
Canada
Performance
19
Out Of
100
Over 30
Days
    

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Tucows Inc

 
    
Tucows
Performance
0
Out Of
100
Over 30
Days
Over the last 30 days Tucows Inc has generated negative risk-adjusted returns adding no value to investors with long positions.
    

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