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Asset Comparison and Correlation

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Investment horizon:

30 Days Login to change

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Apple Inc. vs S&P 500

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Daily Returns (%)

GSPC

AAPL

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Given investment horizon of 30 days, Apple Inc is expected to generate 3.07 times more return on investment than SP 500. However, Apple is 3.07 times more volatile than S&P 500. It trades about 0.28 of its potential returns per unit of risk. S&P 500 is currently generating about 0.56 per unit of risk. If you would invest 40,613 in Apple Inc on April 22, 2013 and sell it today you would earn a total of 3,522 from holding Apple Inc or generate 8.67% return on investment over 30 days.

Diversification

Significant diversification

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

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Correlation Coefficient

0.02

Parameters

Time Period	1 Month [change]
Direction	Positive
Strength	Insignificant
Accuracy	95.65%
Values	Daily Returns

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Predicted Return Density

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Returns

GSPC

AAPL

Apple Inc

Alpha

Profile

Apple

Performance

14	Out Of 100

Over 30

Days

86% of all equities and portfolios perform better than Apple Inc. Compared with the overall equity markets, risk-adjusted returns on investments in Apple Inc are ranked lower than 14 (%) of all global equities and portfolios over the last 30 days.

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S&P 500

Profile

SP 500

Performance

30	Out Of 100

Over 30

Days

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