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Asset Comparison and Correlation

    
       
Investment horizon: 
30 Days (Login to change)
       
 
    
 Advanced Energy Industries Inc  and   Information Services Group Inc
Check Correlation Matrix  
Daily Returns (%)
III  AEIS  
Timeline
Given investment horizon of 30 days, Advanced Energy Industries Inc. is expected to generate 1.47 times more return on investment than Information. However, Advanced is 1.47 times more volatile than Information Services Group Inc.. It trades about 0.21 of its potential returns per unit of risk. Information Services Group Inc. is currently generating about -0.13 per unit of risk. If you would invest 1,225 in Advanced Energy Industries Inc. on April 25, 2012 and sell it today you would earn a total of 139.00 from holding Advanced Energy Industries Inc. or generate 11.35% return on investment over 30 days.

Diversification

Average diversification
Overlapping area represents amount of risk that can be diversified away by holding Advanced Energy Industries Inc and Information Services Group Inc in the same portfolio (assuming nothing else is changed)

Correlation Coefficient

0.14
 Parameters
Time Period1 Month [change]
DirectionPositive III Moved Up vs AEIS
StrengthInsignificant
Accuracy95.45%
ValuesDaily Returns
    
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Share Share Correlation between AEIS and III
    
    
 
       
Predicted Return Density
Expected Daily Returns   
III  AEIS  

Advanced Energy Industries Inc.

 
    
    
Advanced
Performance
9
Out Of
100
Over 30
Days
91% of all equities and portfolios perform better than Advanced Energy Industries Inc.. Compared with the overall equity markets, risk-adjusted returns on investments in Advanced Energy Industries Inc. are ranked lower than 9 (%) of all global equities and portfolios over the last 30 days.
    
    
Corning Inc. vs. Advanced Energy Industries Inc.
Kyocera Corporation vs. Advanced Energy Industries Inc.
Tyco Electronics Ltd. vs. Advanced Energy Industries Inc.
Amphenol Corporation vs. Advanced Energy Industries Inc.
LG Display Ltd. vs. Advanced Energy Industries Inc.
Hubbell Inc. vs. Advanced Energy Industries Inc.
  

Information Services Group Inc.

 
    
    
Information
Performance
0
Out Of
100
Over 30
Days
Over the last 30 days Information Services Group Inc. has generated negative risk-adjusted returns adding no value to investors with long positions.
    
    
Genpact Ltd. vs. Information Services Group Inc.
Corrections Corporation of America vs. Information Services Group Inc.
Booz Allen Hamilton Inc. vs. Information Services Group Inc.
Corporate Executive Board vs. Information Services Group Inc.
FTI Consulting Inc. vs. Information Services Group Inc.
Huron Consulting Group Inc. vs. Information Services Group Inc.
       


 

 
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