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Benchmark SP 500  1,652   12.77  Index Moved Up 0.78% United States ...


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Collecting data for CCO and TCK-B ...

Asset Comparison and Correlation

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Investment horizon: 
  30 Days    Login   to change
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 Cameco Corp.  vs   Teck Resources Limited
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Daily Returns (%)
TCK-B   CCO   
 
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Assuming 30 trading days horizon, Cameco Corporation is expected to generate 0.58 times more return on investment than Teck. However, Cameco Corporation is 1.73 times less risky than Teck. It trades about -0.22 of its potential returns per unit of risk. Teck Resources Limited is currently generating about -0.38 per unit of risk. If you would invest  2,297  in Cameco Corporation on May 19, 2013 and sell it today you would lose (136.00) from holding Cameco Corporation or give up 5.92% of portfolio value over 30 days.

Diversification

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

Correlation Coefficient

0.51
Parameters
Time Period1 Month [change]
DirectionPositive TCK-B.TO Moved Up vs CCO.TO
StrengthWeak
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
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Returns   
TCK-B   CCO   

Cameco Corporation

Alpha
 
Profile
    
Cameco
Performance
0
Out Of
100
Over 30
Days
?
Over the last 30 days Cameco Corporation has generated negative risk-adjusted returns adding no value to investors with long positions.
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Match-ups for Cameco

Teck Resources Limited vs. Cameco Corporation
Teck Resources Limited vs. Cameco Corporation
First Quantum Minerals Ltd vs. Cameco Corporation
Turquoise Hill Resources Ltd vs. Cameco Corporation
Uranium One Inc vs. Cameco Corporation
Lundin Mining Corporation vs. Cameco Corporation
  

Teck Resources Limited

Alpha
 
Profile
    
Teck
Performance
0
Out Of
100
Over 30
Days
?
Over the last 30 days Teck Resources Limited has generated negative risk-adjusted returns adding no value to investors with long positions.
Check Performance
Backtest
Predict Price
    

Match-ups for Teck

Teck Resources Limited vs. Teck Resources Limited
First Quantum Minerals Ltd vs. Teck Resources Limited
Turquoise Hill Resources Ltd vs. Teck Resources Limited
Cameco Corporation vs. Teck Resources Limited
Uranium One Inc vs. Teck Resources Limited
Lundin Mining Corporation vs. Teck Resources Limited


 
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