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Asset Comparison and Correlation

    
       
Investment horizon: 
30 Days (Login to change)
       
 
    
 Advanced Energy Industries Inc  and   PREMIER OIL ORD 5P
Check Correlation Matrix  
Daily Returns (%)
PMOIF  AEIS  
Timeline
Given investment horizon of 30 days, Advanced Energy Industries Inc. is expected to generate 0.9 times more return on investment than PREMIER. However, Advanced Energy Industries Inc. is 1.12 times less risky than PREMIER. It trades about 0.2 of its potential returns per unit of risk. PREMIER OIL ORD 5P is currently generating about -0.26 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 141.00 from holding Advanced Energy Industries Inc. or generate 11.51% 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 PREMIER OIL ORD 5P in the same portfolio (assuming nothing else is changed)

Correlation Coefficient

0.13
 Parameters
Time Period1 Month [change]
DirectionPositive PMOIF.PK Moved Up vs AEIS
StrengthInsignificant
Accuracy95.45%
ValuesDaily Returns
    
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Share Share Correlation between AEIS and PMOIF
    
    
 
       
Predicted Return Density
Expected Daily Returns   
PMOIF  AEIS  

Advanced Energy Industries Inc.

 
    
    
Advanced
Performance
8
Out Of
100
Over 30
Days
92% 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 8 (%) of all global equities and portfolios over the last 30 days.
    
    
Corning Inc. vs. Advanced Energy Industries Inc.
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LG Display Ltd. vs. Advanced Energy Industries Inc.
Hubbell Inc. vs. Advanced Energy Industries Inc.
  

PREMIER OIL ORD 5P

 
    
    
PREMIER
Performance
0
Out Of
100
Over 30
Days
Over the last 30 days PREMIER OIL ORD 5P has generated negative risk-adjusted returns adding no value to investors with long positions.
    
    
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