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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 Cummins Inc.  vs   Briggs & Stratton Corp.
 Compare Fundamentals  
Daily Returns (%)
CMI   BGG   
 
Considering 30-days investment horizon, Cummins is expected to generate 1.33 times less return on investment than Briggs. In addition to that, Cummins is 1.51 times more volatile than Briggs Stratton Corporation. It trades about 0.2 of its total potential returns per unit of risk. Briggs Stratton Corporation is currently generating about 0.4 per unit of volatility. If you would invest  2,103  in Briggs Stratton Corporation on April 19, 2013 and sell it today you would earn a total of  233.00  from holding Briggs Stratton Corporation or generate 11.08% return on investment over 30 days.

Diversification

Poor diversification
Overlapping area represents amount of risk that can be diversified away by holding Cummins Inc. and Briggs & Stratton Corp. in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.63
Parameters
Time Period1 Month [change]
DirectionPositive BGG Moved Up vs CMI
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
CMI   BGG   

Cummins Inc

 
    
Cummins
Performance
10
Out Of
100
Over 30
Days
90% of all equities and portfolios perform better than Cummins Inc. Compared with the overall equity markets, risk-adjusted returns on investments in Cummins Inc are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days.
    

Match ups for Cummins

General Electric Company vs. Cummins Inc
Siemens Aktiengesellschaft vs. Cummins Inc
United Technologies Corp vs. Cummins Inc
Honeywell International Inc vs. Cummins Inc
Danaher Corp vs. Cummins Inc
Illinois Tool Works Inc vs. Cummins Inc
Koninklijke Philips Electronics NV vs. Cummins Inc
Kubota Corporation vs. Cummins Inc
IngersollRand Plc vs. Cummins Inc
  

Briggs Stratton Corporation

 
    
Briggs
Performance
21
Out Of
100
Over 30
Days
79% of all equities and portfolios perform better than Briggs Stratton Corporation. Compared with the overall equity markets, risk-adjusted returns on investments in Briggs Stratton Corporation are ranked lower than 21 (%) of all global equities and portfolios over the last 30 days.
    

Match ups for Briggs

General Electric Company vs. Briggs Stratton Corporation
Siemens Aktiengesellschaft vs. Briggs Stratton Corporation
United Technologies Corp vs. Briggs Stratton Corporation
Honeywell International Inc vs. Briggs Stratton Corporation
Danaher Corp vs. Briggs Stratton Corporation
Illinois Tool Works Inc vs. Briggs Stratton Corporation
Koninklijke Philips Electronics NV vs. Briggs Stratton Corporation
Cummins Inc vs. Briggs Stratton Corporation
Kubota Corporation vs. Briggs Stratton Corporation
IngersollRand Plc vs. Briggs Stratton Corporation


 
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