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S&P 500   1,667   17.00  Index Moved Up 1.03%
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United States  USA  |  Investing Themes


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Asset Comparison and Correlation

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Investment horizon: 
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 Barrick Gold Corp.  vs   NYSE
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Daily Returns (%)
ABX   NYA   
 
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Timeline
Considering 30-days investment horizon, Barrick is expected to generate 1.6 times less return on investment than NYSE. In addition to that, Barrick is 5.96 times more volatile than NYSE. It trades about 0.06 of its total potential returns per unit of risk. NYSE is currently generating about 0.56 per unit of volatility. If you would invest  899,412  in NYSE on April 18, 2013 and sell it today you would earn a total of  58,229  from holding NYSE or generate 6.47% return on investment over 30 days.

Diversification

Modest diversification
Overlapping area represents amount of risk that can be diversified away by holding Barrick Gold Corp. and NYSE in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.29
Parameters
Time Period1 Month [change]
DirectionPositive ^NYA Moved Up vs ABX
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns
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Returns   
ABX   NYA   

Barrick Gold Corporation

Alpha
 
Profile
    
Barrick
Performance
3
Out Of
100
Over 30
Days
?
97% of all equities and portfolios perform better than Barrick Gold Corporation. Compared with the overall equity markets, risk-adjusted returns on investments in Barrick Gold Corporation are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days.
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NYSE

 
Profile
    
NYSE
Performance
30
Out Of
100
Over 30
Days
?
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