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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 Accuride Corp.  vs   Spartan Motors Inc.
 Compare Fundamentals  
Daily Returns (%)
ACW   SPAR   
 
Considering 30-days investment horizon, Accuride Corp is expected to generate 1.35 times more return on investment than Spartan. However, Accuride is 1.35 times more volatile than Spartan Motors Inc. It trades about 0.23 of its potential returns per unit of risk. Spartan Motors Inc is currently generating about 0.14 per unit of risk. If you would invest  475.00  in Accuride Corp on April 23, 2013 and sell it today you would earn a total of  54.00  from holding Accuride Corp or generate 11.37% return on investment over 30 days.

Diversification

Weak diversification
Overlapping area represents amount of risk that can be diversified away by holding Accuride Corp. and Spartan Motors Inc. in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.31
Parameters
Time Period1 Month [change]
DirectionPositive SPAR Moved Up vs ACW
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
ACW   SPAR   

Accuride Corp

 
    
Accuride
Performance
12
Out Of
100
Over 30
Days
88% of all equities and portfolios perform better than Accuride Corp. Compared with the overall equity markets, risk-adjusted returns on investments in Accuride Corp are ranked lower than 12 (%) of all global equities and portfolios over the last 30 days.
    

Match ups for Accuride

PACCAR Inc vs. Accuride Corp
Oshkosh Corporation vs. Accuride Corp
Navistar International Corporation vs. Accuride Corp
Wabash National Corp vs. Accuride Corp
Spartan Motors Inc vs. Accuride Corp
Supreme Industries Inc vs. Accuride Corp
Viper Powersports Inc vs. Accuride Corp
Mirenco Inc vs. Accuride Corp
  

Spartan Motors Inc

 
    
Spartan
Performance
7
Out Of
100
Over 30
Days
93% of all equities and portfolios perform better than Spartan Motors Inc. Compared with the overall equity markets, risk-adjusted returns on investments in Spartan Motors Inc are ranked lower than 7 (%) of all global equities and portfolios over the last 30 days.
    

Match ups for Spartan

PACCAR Inc vs. Spartan Motors Inc
Oshkosh Corporation vs. Spartan Motors Inc
Navistar International Corporation vs. Spartan Motors Inc
Wabash National Corp vs. Spartan Motors Inc
Accuride Corp vs. Spartan Motors Inc
Supreme Industries Inc vs. Spartan Motors Inc
Viper Powersports Inc vs. Spartan Motors Inc
Mirenco Inc vs. Spartan Motors Inc


 
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