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CNQ NXY ECA CPG Macroaxis 30 Exotic Conglomerates Railroads 
Benchmark SP 500  1,652   12.77  Index Moved Up 0.78% United States ...


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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 BP plc  vs   Petrobras Argentina SA
 Compare Fundamentals  
Daily Returns (%)
PZE   BP   
 
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Allowing for 30-days total investment horizon, BP plc is expected to generate 0.41 times more return on investment than Petrobras. However, BP plc is 2.43 times less risky than Petrobras. It trades about -0.01 of its potential returns per unit of risk. Petrobras Argentina SA is currently generating about -0.32 per unit of risk. If you would invest  4,356  in BP plc on May 19, 2013 and sell it today you would lose (30.00) from holding BP plc or give up 0.69% of portfolio value over 30 days.

Diversification

Very weak diversification
Overlapping area represents amount of risk that can be diversified away by holding BP plc and Petrobras Argentina SA in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.46
Parameters
Time Period1 Month [change]
DirectionPositive PZE Moved Up vs BP
StrengthWeak
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
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Returns   
PZE   BP   

BP plc

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

Match-ups for BP plc

Chevron Corporation vs. BP plc
PetroChina Co Ltd vs. BP plc
  

Petrobras Argentina SA

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

Match-ups for Petrobras

Chevron Corporation vs. Petrobras Argentina SA
PetroChina Co Ltd vs. Petrobras Argentina SA
BP plc vs. Petrobras Argentina SA


 
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