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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 AngloGold Ashanti Ltd.  vs   Saturns Goldman Sachs Cap I Se
 Compare Fundamentals  
Daily Returns (%)
AU   HJN   
 
Allowing for 30-days total investment horizon, AngloGold Ashanti Ltd is expected to under-perform the Saturns. In addition to that, AngloGold is 11.33 times more volatile than Saturns Goldman Sachs Cap I Ser. It trades about -0.3 of its total potential returns per unit of risk. Saturns Goldman Sachs Cap I Ser is currently generating about 0.24 per unit of volatility. If you would invest  2,510  in Saturns Goldman Sachs Cap I Ser on April 25, 2013 and sell it today you would earn a total of  22.00  from holding Saturns Goldman Sachs Cap I Ser or generate 0.88% return on investment over 30 days.

Diversification

Significant diversification
Overlapping area represents amount of risk that can be diversified away by holding AngloGold Ashanti Ltd. and Saturns Goldman Sachs Cap I Se in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.03
Parameters
Time Period1 Month [change]
DirectionPositive HJN Moved Up vs AU
StrengthInsignificant
Accuracy81.82%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
AU   HJN   

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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Saturns Goldman Sachs Cap I Ser

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

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