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Collecting data for AMBV4 and FMX ...

Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 Companhia de Bebidas Das Ameri  vs   Fomento Econ
 Compare Fundamentals  
Daily Returns (%)
FMX   AMBV4   
 
Assuming 30 trading days horizon, Companhia de Bebidas Das Americas AMBEV is expected to generate 1.46 times more return on investment than Fomento. However, Companhia is 1.46 times more volatile than Fomento Econ. It trades about 0.23 of its potential returns per unit of risk. Fomento Econ is currently generating about -0.14 per unit of risk. If you would invest  8,135  in Companhia de Bebidas Das Americas AMBEV on April 18, 2013 and sell it today you would lose (12.00) from holding Companhia de Bebidas Das Americas AMBEV or give up 0.15% of portfolio value over 30 days.

Diversification

Good diversification
Overlapping area represents amount of risk that can be diversified away by holding Companhia de Bebidas Das Ameri and Fomento Econ in the same portfolio assuming nothing else is changed

Correlation Coefficient

-0.17
Parameters
Time Period1 Month [change]
DirectionNegative AMBV4.SA Moved Down vs FMX
StrengthInsignificant
Accuracy22.73%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
FMX   AMBV4   

Companhia de Bebidas Das Americas AMBEV

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

Match ups for Companhia

Companhia de Bebidas Das Americas AMBEV vs. Companhia de Bebidas Das Americas AMBEV
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Fomento Econ

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

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