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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 CPFL Energia S.A.  vs   Cerner Corp.
 Compare Fundamentals  
Daily Returns (%)
CPL   CERN   
 
Considering 30-days investment horizon, CPFL Energia SA is expected to generate 0.73 times more return on investment than Cerner. However, CPFL Energia SA is 1.36 times less risky than Cerner. It trades about 0.35 of its potential returns per unit of risk. Cerner Corporation is currently generating about 0.2 per unit of risk. If you would invest  2,107  in CPFL Energia SA on April 22, 2013 and sell it today you would earn a total of  139.00  from holding CPFL Energia SA or generate 6.6% return on investment over 30 days.

Diversification

Good diversification
Overlapping area represents amount of risk that can be diversified away by holding CPFL Energia S.A. and Cerner Corp. in the same portfolio assuming nothing else is changed

Correlation Coefficient

-0.02
Parameters
Time Period1 Month [change]
DirectionNegative CPL Moved Down vs CERN
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
CPL   CERN   

CPFL Energia SA

 
    
CPFL
Performance
19
Out Of
100
Over 30
Days
81% of all equities and portfolios perform better than CPFL Energia SA. Compared with the overall equity markets, risk-adjusted returns on investments in CPFL Energia SA are ranked lower than 19 (%) of all global equities and portfolios over the last 30 days.
    

Match ups for CPFL

Enersis SA vs. CPFL Energia SA
Companhia de Saneamento Basico do Estado de Sao Paulo vs. CPFL Energia SA
BCE Inc vs. CPFL Energia SA
Century Aluminum Co vs. CPFL Energia SA
Itron Inc vs. CPFL Energia SA
USG Corporation vs. CPFL Energia SA
  

Cerner Corporation

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

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