Asset Comparison and Correlation
|Abbott Laboratories vs Johnson & Johnson|
Considering 30-days investment horizon, Abbott Laboratories is expected to generate 1.34 times more return on investment than Johnson. However, Abbott is 1.34 times more volatile than Johnson Johnson. It trades about -0.02 of its potential returns per unit of risk. Johnson Johnson is currently generating about -0.09 per unit of risk. If you would invest 3,772 in Abbott Laboratories on May 20, 2013 and sell it today you would lose (21.00) from holding Abbott Laboratories or give up 0.56% of portfolio value over 30 days.
Over the last 30 days Abbott Laboratories has generated negative risk-adjusted returns adding no value to investors with long positions.
Match-ups for Abbott
Over the last 30 days Johnson Johnson has generated negative risk-adjusted returns adding no value to investors with long positions.
Match-ups for Johnson