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Asset Comparison and Correlation

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Investment horizon: 
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 Cameco Corp.  vs   BHP Billiton Limited
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Daily Returns (%)
CCJ   BHP   
 
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Timeline
Considering 30-days investment horizon, Cameco Corporation is expected to generate 1.23 times more return on investment than BHP Billiton. However, Cameco is 1.23 times more volatile than BHP Billiton Limited. It trades about 0.52 of its potential returns per unit of risk. BHP Billiton Limited is currently generating about 0.19 per unit of risk. If you would invest  1,931  in Cameco Corporation on April 23, 2013 and sell it today you would earn a total of  283.00  from holding Cameco Corporation or generate 14.66% return on investment over 30 days.

Diversification

Poor diversification
Overlapping area represents amount of risk that can be diversified away by holding Cameco Corp. and BHP Billiton Limited in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.64
Parameters
Time Period1 Month [change]
DirectionPositive BHP Moved Up vs CCJ
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
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Returns   
CCJ   BHP   

Cameco Corporation

Alpha
 
Profile
    
Cameco
Performance
28
Out Of
100
Over 30
Days
?
72% of all equities and portfolios perform better than Cameco Corporation. Compared with the overall equity markets, risk-adjusted returns on investments in Cameco Corporation are ranked lower than 28 (%) of all global equities and portfolios over the last 30 days.
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Match ups for Cameco

BHP Billiton Limited vs. Cameco Corporation
BHP Billiton plc vs. Cameco Corporation
Rio Tinto plc vs. Cameco Corporation
Vale SA vs. Cameco Corporation
Teck Resources Limited vs. Cameco Corporation
CONSOL Energy Inc vs. Cameco Corporation
Turquoise Hill Resources Ltd vs. Cameco Corporation
Sterlite Industries India Ltd vs. Cameco Corporation
Peabody Energy Corp vs. Cameco Corporation
  

BHP Billiton Limited

Alpha
 
Profile
    
BHP Billiton
Performance
10
Out Of
100
Over 30
Days
?
90% of all equities and portfolios perform better than BHP Billiton Limited. Compared with the overall equity markets, risk-adjusted returns on investments in BHP Billiton Limited are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days.
Check Performance
Backtest
Predict Price
    

Match ups for BHP Billiton

BHP Billiton plc vs. BHP Billiton Limited
Rio Tinto plc vs. BHP Billiton Limited
Vale SA vs. BHP Billiton Limited
Teck Resources Limited vs. BHP Billiton Limited
CONSOL Energy Inc vs. BHP Billiton Limited
Cameco Corporation vs. BHP Billiton Limited
Turquoise Hill Resources Ltd vs. BHP Billiton Limited
Sterlite Industries India Ltd vs. BHP Billiton Limited
Peabody Energy Corp vs. BHP Billiton Limited


 
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