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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 Compa  vs   Cognizant Technology Solutions
 Compare Fundamentals  
Daily Returns (%)
BVN   CTSH   
 
Considering 30-days investment horizon, Compa is expected to under-perform the Cognizant. In addition to that, Compa is 1.01 times more volatile than Cognizant Technology Solutions Corporation. It trades about -0.26 of its total potential returns per unit of risk. Cognizant Technology Solutions Corporation is currently generating about -0.04 per unit of volatility. If you would invest  6,499  in Cognizant Technology Solutions Corporation on April 22, 2013 and sell it today you would lose (38.00) from holding Cognizant Technology Solutions Corporation or give up 0.58% of portfolio value over 30 days.

Diversification

Very good diversification
Overlapping area represents amount of risk that can be diversified away by holding Compa and Cognizant Technology Solutions in the same portfolio assuming nothing else is changed

Correlation Coefficient

-0.36
Parameters
Time Period1 Month [change]
DirectionNegative BVN Moved Down vs CTSH
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
BVN   CTSH   

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.
    

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Cognizant Technology Solutions Corporati

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

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