Asset Comparison and Correlation
|AngloGold Ashanti Ltd. vs Zhejiang Netsun Co. Ltd.|
Allowing for 30-days total investment horizon, AngloGold Ashanti Ltd is expected to under-perform the Zhejiang. But the stock apears to be less risky and, when comparing its historical volatility, AngloGold Ashanti Ltd is 1.47 times less risky than Zhejiang. The stock trades about -0.14 of its potential returns per unit of risk. The Zhejiang Netsun Co Ltd is currently generating about 0.49 of returns per unit of risk over similar time horizon. If you would invest 1,328 in Zhejiang Netsun Co Ltd on April 19, 2013 and sell it today you would earn a total of 401.00 from holding Zhejiang Netsun Co Ltd or generate 30.2% return on investment over 30 days.
Over the last 30 days AngloGold Ashanti Ltd has generated negative risk-adjusted returns adding no value to investors with long positions.
Match ups for AngloGold
74% of all equities and portfolios perform better than Zhejiang Netsun Co Ltd. Compared with the overall equity markets, risk-adjusted returns on investments in Zhejiang Netsun Co Ltd are ranked lower than 26 (%) of all global equities and portfolios over the last 30 days.
Match ups for Zhejiang