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Collecting data for ^NYA and CL ...

Asset Comparison and Correlation

    
       
Investment horizon: 
30 Days (Login to change)
       
 
    
 NYSE  and   ColgatePalmolive Co.
Check Correlation Matrix  
Daily Returns (%)
NYA  CL  
Timeline
If you would invest 9,958 in ColgatePalmolive on April 24, 2012 and sell it today you would lose (119.00) from holding ColgatePalmolive or give up 1.2% of portfolio value over 30 days.

Diversification

Modest diversification
Overlapping area represents amount of risk that can be diversified away by holding NYSE and ColgatePalmolive Co. in the same portfolio (assuming nothing else is changed)

Correlation Coefficient

0.29
 Parameters
Time Period1 Month [change]
DirectionPositive CL Moved Up vs ^NYA
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns
    
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Predicted Return Density
Expected Daily Returns   
NYA  CL  

NYSE

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

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