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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 Compa  vs   CPFL Energia S.A.
 Compare Fundamentals  
Daily Returns (%)
CPL   BVN   
 
Considering 30-days investment horizon, Compa is expected to under-perform the CPFL. In addition to that, Compa is 2.66 times more volatile than CPFL Energia SA. It trades about -0.25 of its total potential returns per unit of risk. CPFL Energia SA is currently generating about 0.29 per unit of volatility. If you would invest  2,107  in CPFL Energia SA on April 21, 2013 and sell it today you would earn a total of  94.00  from holding CPFL Energia SA or generate 4.46% return on investment over 30 days.

Diversification

Very good diversification
Overlapping area represents amount of risk that can be diversified away by holding Compa and CPFL Energia S.A. in the same portfolio assuming nothing else is changed

Correlation Coefficient

-0.27
Parameters
Time Period1 Month [change]
DirectionNegative BVN Moved Down vs CPL
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
CPL   BVN   

Compa

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

Match ups for Compa

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Gold Fields Ltd vs. Compa
  

CPFL Energia SA

 
    
CPFL
Performance
15
Out Of
100
Over 30
Days
85% of all equities and portfolios perform better than CPFL Energia SA. Compared with the overall equity markets, risk-adjusted returns on investments in CPFL Energia SA are ranked lower than 15 (%) of all global equities and portfolios over the last 30 days.
    

Match ups for CPFL

Enersis SA vs. CPFL Energia SA
Companhia de Saneamento Basico do Estado de Sao Paulo vs. CPFL Energia SA
BCE Inc vs. CPFL Energia SA
Century Aluminum Co vs. CPFL Energia SA
Itron Inc vs. CPFL Energia SA
USG Corporation vs. CPFL Energia SA


 
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