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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 Eagle Materials Inc.  vs   Silver Standard Resources Inc.
 Compare Fundamentals  
Daily Returns (%)
SSRI   EXP   
 
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Considering 30-days investment horizon, Eagle Materials Inc is expected to under-perform the Silver. But the stock apears to be less risky and, when comparing its historical volatility, Eagle Materials Inc is 1.66 times less risky than Silver. The stock trades about -0.09 of its potential returns per unit of risk. The Silver Standard Resources Inc is currently generating about 0.02 of returns per unit of risk over similar time horizon. If you would invest  673  in Silver Standard Resources Inc on May 20, 2013 and sell it today you would earn a total of  24.00  from holding Silver Standard Resources Inc or generate 3.57% return on investment over 30 days.

Diversification

Pay attention
Overlapping area represents amount of risk that can be diversified away by holding Eagle Materials Inc. and Silver Standard Resources Inc. in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.0
Parameters
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
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Returns   
SSRI   EXP   

Eagle Materials Inc

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

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Silver Standard Resources Inc

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


 
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