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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 Adobe Systems Inc.  vs   Boston Scientific Corp.
 Compare Fundamentals  
Daily Returns (%)
BSX   ADBE   
 
Given investment horizon of 30 days, Adobe Systems Inc is expected to under-perform the Boston. But the stock apears to be less risky and, when comparing its historical volatility, Adobe Systems Inc is 1.21 times less risky than Boston. The stock trades about -0.03 of its potential returns per unit of risk. The Boston Scientific Corporation is currently generating about 0.66 of returns per unit of risk over similar time horizon. If you would invest  735  in Boston Scientific Corporation on April 22, 2013 and sell it today you would earn a total of  188.00  from holding Boston Scientific Corporation or generate 25.58% return on investment over 30 days.

Diversification

Significant diversification
Overlapping area represents amount of risk that can be diversified away by holding Adobe Systems Inc. and Boston Scientific Corp. in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.05
Parameters
Time Period1 Month [change]
DirectionPositive BSX Moved Up vs ADBE
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
BSX   ADBE   

Adobe Systems Inc

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

Match ups for Adobe

Microsoft Corporation vs. Adobe Systems Inc
Oracle Corporation vs. Adobe Systems Inc
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salesforce inc vs. Adobe Systems Inc
Intuit Inc vs. Adobe Systems Inc
CA Technologies vs. Adobe Systems Inc
Red Hat Inc vs. Adobe Systems Inc
VeriSign Inc vs. Adobe Systems Inc
BMC Software Inc vs. Adobe Systems Inc
  

Boston Scientific Corporation

 
    
Boston
Performance
36
Out Of
100
Over 30
Days
64% of all equities and portfolios perform better than Boston Scientific Corporation. Compared with the overall equity markets, risk-adjusted returns on investments in Boston Scientific Corporation are ranked lower than 36 (%) of all global equities and portfolios over the last 30 days.
    

Match ups for Boston

Abbott Laboratories vs. Boston Scientific Corporation
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