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Benchmark SP 500  1,639   12.31  Index Moved Up 0.76% United States ...


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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 Encana Corp.  vs   Gannett Co. Inc.
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Daily Returns (%)
ECA   GCI   
 
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Considering 30-days investment horizon, Encana Corporation is expected to under-perform the Gannett. But the stock apears to be less risky and, when comparing its historical volatility, Encana Corporation is 6.24 times less risky than Gannett. The stock trades about -0.41 of its potential returns per unit of risk. The Gannett Co Inc is currently generating about 0.12 of returns per unit of risk over similar time horizon. If you would invest  2,154  in Gannett Co Inc on May 19, 2013 and sell it today you would earn a total of  342.00  from holding Gannett Co Inc or generate 15.88% return on investment over 30 days.

Diversification

Weak diversification
Overlapping area represents amount of risk that can be diversified away by holding Encana Corp. and Gannett Co. Inc. in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.31
Parameters
Time Period1 Month [change]
DirectionPositive GCI Moved Up vs ECA
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
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Returns   
ECA   GCI   

Encana Corporation

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

Match-ups for Encana

Exxon Mobil Corporation vs. Encana Corporation
Chevron Corporation vs. Encana Corporation
BP plc vs. Encana Corporation
Total SA vs. Encana Corporation
Ecopetrol SA vs. Encana Corporation
  

Gannett Co Inc

 
    
Gannett
Performance
6
Out Of
100
Over 30
Days
94% of all equities and portfolios perform better than Gannett Co Inc. Compared with the overall equity markets, risk-adjusted returns on investments in Gannett Co Inc are ranked lower than 6 (%) of all global equities and portfolios over the last 30 days.
    

Match-ups for Gannett

The E W Scripps Company vs. Gannett Co Inc


 
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