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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 Forest Laboratories Inc.  vs   Sonus Networks Inc.
 Compare Fundamentals  
Daily Returns (%)
SONS   FRX   
 
Considering 30-days investment horizon, Forest is expected to generate 4.13 times less return on investment than Sonus. But when comparing it to its historical volatility, Forest Laboratories Inc is 3.71 times less risky than Sonus. It trades about 0.25 of its potential returns per unit of risk. Sonus Networks Inc is currently generating about 0.28 of returns per unit of risk over similar time horizon. If you would invest  204.00  in Sonus Networks Inc on April 21, 2013 and sell it today you would earn a total of  49.00  from holding Sonus Networks Inc or generate 24.02% return on investment over 30 days.

Diversification

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

Correlation Coefficient

-0.32
Parameters
Time Period1 Month [change]
DirectionNegative FRX Moved Down vs SONS
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
SONS   FRX   

Forest Laboratories Inc

 
    
Forest
Performance
13
Out Of
100
Over 30
Days
87% 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 13 (%) of all global equities and portfolios over the last 30 days.
    

Match ups for Forest

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Sonus Networks Inc

 
    
Sonus
Performance
15
Out Of
100
Over 30
Days
85% of all equities and portfolios perform better than Sonus Networks Inc. Compared with the overall equity markets, risk-adjusted returns on investments in Sonus Networks Inc are ranked lower than 15 (%) of all global equities and portfolios over the last 30 days.
    

Match ups for Sonus

QUALCOMM Incorporated vs. Sonus Networks Inc
Nokia Corporation vs. Sonus Networks Inc
Harris Corporation vs. Sonus Networks Inc
JDS Uniphase Corporation vs. Sonus Networks Inc
EchoStar Corp vs. Sonus Networks Inc
AGC Networks Limited vs. Sonus Networks Inc
ViaSat Inc vs. Sonus Networks Inc
AlcatelLucent SA vs. Sonus Networks Inc
Arris Group Inc vs. Sonus Networks Inc
Loral Space Communications Inc vs. Sonus Networks Inc


 
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