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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 Cognizant Technology Solutions  vs   Forest Laboratories Inc.
 Compare Fundamentals  
Daily Returns (%)
CTSH   FRX   
 
Given investment horizon of 30 days, Cognizant is expected to generate 2.8 times less return on investment than Forest. In addition to that, Cognizant is 3.07 times more volatile than Forest Laboratories Inc. It trades about 0.02 of its total potential returns per unit of risk. Forest Laboratories Inc is currently generating about 0.16 per unit of volatility. If you would invest  3,699  in Forest Laboratories Inc on April 23, 2013 and sell it today you would earn a total of  93.00  from holding Forest Laboratories Inc or generate 2.51% return on investment over 30 days.

Diversification

Very weak diversification
Overlapping area represents amount of risk that can be diversified away by holding Cognizant Technology Solutions and Forest Laboratories Inc. in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.43
Parameters
Time Period1 Month [change]
DirectionPositive FRX Moved Up vs CTSH
StrengthWeak
Accuracy95.45%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
CTSH   FRX   

Cognizant Technology Solutions Corporati

 
    
Cognizant
Performance
1
Out Of
100
Over 30
Days
99% of all equities and portfolios perform better than Cognizant Technology Solutions Corporation. Compared with the overall equity markets, risk-adjusted returns on investments in Cognizant Technology Solutions Corporation are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days.
    

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Forest Laboratories Inc

 
    
Forest
Performance
8
Out Of
100
Over 30
Days
92% of all equities and portfolios perform better than Forest Laboratories Inc. Compared with the overall equity markets, risk-adjusted returns on investments in Forest Laboratories Inc are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days.
    

Match ups for Forest

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