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Benchmark SP 500  1,629   22.88  Index Moved Down -1.39% United States ...


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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 Cigna Corp.  vs   Avid Technology Inc.
 Compare Fundamentals  
Daily Returns (%)
AVID   CI   
 
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Allowing for 30-days total investment horizon, Cigna Corp is expected to generate 0.72 times more return on investment than Avid. However, Cigna Corp is 1.39 times less risky than Avid. It trades about 0.14 of its potential returns per unit of risk. Avid Technology Inc is currently generating about -0.17 per unit of risk. If you would invest  6,760  in Cigna Corp on May 20, 2013 and sell it today you would earn a total of  206.00  from holding Cigna Corp or generate 3.05% return on investment over 30 days.

Diversification

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

Correlation Coefficient

0.23
Parameters
Time Period1 Month [change]
DirectionPositive AVID Moved Up vs CI
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
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Returns   
AVID   CI   

Cigna Corp

 
    
Cigna
Performance
7
Out Of
100
Over 30
Days
93% of all equities and portfolios perform better than Cigna Corp. Compared with the overall equity markets, risk-adjusted returns on investments in Cigna Corp are ranked lower than 7 (%) of all global equities and portfolios over the last 30 days.
    

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Avid Technology Inc

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

Match-ups for Avid

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