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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 AngloGold Ashanti Ltd.  vs   Huntington Bancshares Incorpor
 Compare Fundamentals  
Daily Returns (%)
AU   HBANP   
 
Allowing for 30-days total investment horizon, AngloGold Ashanti Ltd is expected to under-perform the Huntington. In addition to that, AngloGold is 3.89 times more volatile than Huntington Bancshares Incorporated. It trades about -0.2 of its total potential returns per unit of risk. Huntington Bancshares Incorporated is currently generating about 0.24 per unit of volatility. If you would invest  132,005  in Huntington Bancshares Incorporated on April 22, 2013 and sell it today you would earn a total of  5,005  from holding Huntington Bancshares Incorporated or generate 3.79% return on investment over 30 days.

Diversification

Very weak diversification
Overlapping area represents amount of risk that can be diversified away by holding AngloGold Ashanti Ltd. and Huntington Bancshares Incorpor in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.43
Parameters
Time Period1 Month [change]
DirectionPositive HBANP Moved Up vs AU
StrengthWeak
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
AU   HBANP   

AngloGold Ashanti Ltd

 
    
AngloGold
Performance
0
Out Of
100
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.
    

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Huntington Bancshares Incorporated

 
    
Huntington
Performance
13
Out Of
100
Over 30
Days
87% of all equities and portfolios perform better than Huntington Bancshares Incorporated. Compared with the overall equity markets, risk-adjusted returns on investments in Huntington Bancshares Incorporated are ranked lower than 13 (%) of all global equities and portfolios over the last 30 days.
    

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