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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 CareFusion Corp.  vs   DENTSPLY International Inc.
 Compare Fundamentals  
Daily Returns (%)
CFN   XRAY   
 
Considering 30-days investment horizon, CareFusion Corporation is expected to under-perform the DENTSPLY. But the stock apears to be less risky and, when comparing its historical volatility, CareFusion Corporation is 1.14 times less risky than DENTSPLY. The stock trades about -0.02 of its potential returns per unit of risk. The DENTSPLY International Inc is currently generating about 0.07 of returns per unit of risk over similar time horizon. If you would invest  4,110  in DENTSPLY International Inc on April 19, 2013 and sell it today you would earn a total of  118.00  from holding DENTSPLY International Inc or generate 2.87% return on investment over 30 days.

Diversification

Modest diversification
Overlapping area represents amount of risk that can be diversified away by holding CareFusion Corp. and DENTSPLY International Inc. in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.27
Parameters
Time Period1 Month [change]
DirectionPositive XRAY Moved Up vs CFN
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
CFN   XRAY   

CareFusion Corporation

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

Match ups for CareFusion

Baxter International Inc vs. CareFusion Corporation
Covidien plc vs. CareFusion Corporation
Becton Dickinson and Company vs. CareFusion Corporation
CR Bard Inc vs. CareFusion Corporation
DENTSPLY International Inc vs. CareFusion Corporation
The Cooper Companies Inc vs. CareFusion Corporation
Mindray Medical International Limited vs. CareFusion Corporation
Teleflex Incorporated vs. CareFusion Corporation
West Pharmaceutical Services Inc vs. CareFusion Corporation
  

DENTSPLY International Inc

 
    
DENTSPLY
Performance
3
Out Of
100
Over 30
Days
97% of all equities and portfolios perform better than DENTSPLY International Inc. Compared with the overall equity markets, risk-adjusted returns on investments in DENTSPLY International Inc are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days.
    

Match ups for DENTSPLY

Baxter International Inc vs. DENTSPLY International Inc
Covidien plc vs. DENTSPLY International Inc
Becton Dickinson and Company vs. DENTSPLY International Inc
CR Bard Inc vs. DENTSPLY International Inc
CareFusion Corporation vs. DENTSPLY International Inc
The Cooper Companies Inc vs. DENTSPLY International Inc
Mindray Medical International Limited vs. DENTSPLY International Inc
Teleflex Incorporated vs. DENTSPLY International Inc
West Pharmaceutical Services Inc vs. DENTSPLY International Inc


 
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