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Collecting data for ANZ and WFC ...

Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 Australia & New Zealand Bankin  vs   Wells Fargo & Company
 Compare Fundamentals  
Daily Returns (%)
ANZ   WFC   
 
Assuming 30 trading days horizon, Australia is expected to generate 1.35 times less return on investment than Wells Fargo. In addition to that, Australia is 2.43 times more volatile than Wells Fargo Company. It trades about 0.16 of its total potential returns per unit of risk. Wells Fargo Company is currently generating about 0.51 per unit of volatility. If you would invest  3,713  in Wells Fargo Company on April 20, 2013 and sell it today you would earn a total of  275.00  from holding Wells Fargo Company or generate 7.41% return on investment over 30 days.

Diversification

Average diversification
Overlapping area represents amount of risk that can be diversified away by holding Australia & New Zealand Bankin and Wells Fargo & Company in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.11
Parameters
Time Period1 Month [change]
DirectionPositive WFC Moved Up vs ANZ.NZ
StrengthInsignificant
Accuracy80.0%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
ANZ   WFC   

Australia New Zealand Banking Group Li

 
    
Australia
Performance
8
Out Of
100
Over 30
Days
92% of all equities and portfolios perform better than Australia New Zealand Banking Group Limited. Compared with the overall equity markets, risk-adjusted returns on investments in Australia New Zealand Banking Group Limited are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days.
    

Match ups for Australia

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Wells Fargo Company

 
    
Wells Fargo
Performance
27
Out Of
100
Over 30
Days
73% of all equities and portfolios perform better than Wells Fargo Company. Compared with the overall equity markets, risk-adjusted returns on investments in Wells Fargo Company are ranked lower than 27 (%) of all global equities and portfolios over the last 30 days.
    

Match ups for Wells Fargo

Industrial and Commercial Bank of China Limited vs. Wells Fargo Company
JPMorgan Chase Co vs. Wells Fargo Company
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Bank of America Corporation vs. Wells Fargo Company
Banco Bradesco SA vs. Wells Fargo Company
Mitsubishi UFJ Financial Group Inc vs. Wells Fargo Company
Australia New Zealand Banking Group Limited vs. Wells Fargo Company
The TorontoDominion Bank vs. Wells Fargo Company
The Bank Of Nova Scotia vs. Wells Fargo Company


 
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