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Asset Comparison and Correlation

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Investment horizon: 
  30 Days    Login   to change
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 Edwards Lifesciences Corp.  vs   St. Jude Medical Inc.
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Daily Returns (%)
STJ   EW   
 
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Allowing for 30-days total investment horizon, Edwards Lifesciences Corp is expected to under-perform the St Jude. In addition to that, Edwards is 4.6 times more volatile than St Jude Medical Inc. It trades about -0.18 of its total potential returns per unit of risk. St Jude Medical Inc is currently generating about 0.58 per unit of volatility. If you would invest  4,097  in St Jude Medical Inc on April 22, 2013 and sell it today you would earn a total of  581  from holding St Jude Medical Inc or generate 14.18% return on investment over 30 days.

Diversification

Weak diversification
Overlapping area represents amount of risk that can be diversified away by holding Edwards Lifesciences Corp. and St. Jude Medical Inc. in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.3
Parameters
Time Period1 Month [change]
DirectionPositive STJ Moved Up vs EW
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns
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Returns   
STJ   EW   

Edwards Lifesciences Corp

Alpha
 
Profile
    
Edwards
Performance
0
Out Of
100
Over 30
Days
?
Over the last 30 days Edwards Lifesciences Corp has generated negative risk-adjusted returns adding no value to investors with long positions.
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Match ups for Edwards

Abbott Laboratories vs. Edwards Lifesciences Corp
Medtronic Inc vs. Edwards Lifesciences Corp
Stryker Corporation vs. Edwards Lifesciences Corp
Intuitive Surgical Inc vs. Edwards Lifesciences Corp
Zimmer Holdings Inc vs. Edwards Lifesciences Corp
Boston Scientific Corporation vs. Edwards Lifesciences Corp
St Jude Medical Inc vs. Edwards Lifesciences Corp
Smith Nephew plc vs. Edwards Lifesciences Corp
Varian Medical Systems Inc vs. Edwards Lifesciences Corp
  

St Jude Medical Inc

Alpha
 
Profile
    
St Jude
Performance
31
Out Of
100
Over 30
Days
?
69% of all equities and portfolios perform better than St Jude Medical Inc. Compared with the overall equity markets, risk-adjusted returns on investments in St Jude Medical Inc are ranked lower than 31 (%) of all global equities and portfolios over the last 30 days.
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Match ups for St Jude

Abbott Laboratories vs. St Jude Medical Inc
Medtronic Inc vs. St Jude Medical Inc
Stryker Corporation vs. St Jude Medical Inc
Intuitive Surgical Inc vs. St Jude Medical Inc
Zimmer Holdings Inc vs. St Jude Medical Inc
Boston Scientific Corporation vs. St Jude Medical Inc
Smith Nephew plc vs. St Jude Medical Inc
Edwards Lifesciences Corp vs. St Jude Medical Inc
Varian Medical Systems Inc vs. St Jude Medical Inc


 
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