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Benchmark SP 500  1,650   0.91  Index Moved Down -0.06% ...


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Asset Comparison and Correlation

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Investment horizon: 
  30 Days    Login   to change
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 Gold Fields Ltd.  vs   Goldcorp Inc.
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Daily Returns (%)
GFI   GG   
 
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Timeline
Considering 30-days investment horizon, Gold Fields Ltd is expected to under-perform the Goldcorp. In addition to that, Gold Fields Ltd is as risky as Goldcorp. It trades about -0.45 of its total potential returns per unit of risk. Goldcorp Inc is currently generating about -0.17 per unit of volatility. If you would invest  2,884  in Goldcorp Inc on April 25, 2013 and sell it today you would lose (201.00) from holding Goldcorp Inc or give up 6.97% of portfolio value over 30 days.

Diversification

Poor diversification
Overlapping area represents amount of risk that can be diversified away by holding Gold Fields Ltd. and Goldcorp Inc. in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.78
Parameters
Time Period1 Month [change]
DirectionPositive GG Moved Up vs GFI
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
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Returns   
GFI   GG   

Gold Fields Ltd

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

AngloGold Ashanti Ltd vs. Gold Fields Ltd
Goldcorp Inc vs. Gold Fields Ltd
Barrick Gold Corporation vs. Gold Fields Ltd
Newmont Mining Corp vs. Gold Fields Ltd
Yamana Gold Inc vs. Gold Fields Ltd
Kinross Gold Corporation vs. Gold Fields Ltd
AgnicoEagle Mines Ltd vs. Gold Fields Ltd
Eldorado Gold Corp vs. Gold Fields Ltd
Compa vs. Gold Fields Ltd
  

Goldcorp Inc

Alpha
 
Profile
    
Goldcorp
Performance
0
Out Of
100
Over 30
Days
?
Over the last 30 days Goldcorp Inc has generated negative risk-adjusted returns adding no value to investors with long positions.
Check Performance
Backtest
Predict Price
    

Match-ups for Goldcorp

AngloGold Ashanti Ltd vs. Goldcorp Inc
Barrick Gold Corporation vs. Goldcorp Inc
Newmont Mining Corp vs. Goldcorp Inc
Yamana Gold Inc vs. Goldcorp Inc
Kinross Gold Corporation vs. Goldcorp Inc
AgnicoEagle Mines Ltd vs. Goldcorp Inc
Eldorado Gold Corp vs. Goldcorp Inc
Compa vs. Goldcorp Inc
Gold Fields Ltd vs. Goldcorp Inc


 
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