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Benchmark SP 500  1,629   22.88  Index Moved Down -1.39% United States ...


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Collecting data for GG and ^GSPTSE ...

Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 Goldcorp Inc.  vs   Canada Composite
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Daily Returns (%)
GSPTSE   GG   
 
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Allowing for 30-days total investment horizon, Goldcorp Inc is not expected to generate positive returns. Moreover, Goldcorp is 3.79 times more volatile than Canada Composite. It trades away all of its potential returns to assume current level of volatility. Canada Composite is currently generating about -0.21 per unit of risk. If you would invest  2,664  in Goldcorp Inc on May 20, 2013 and sell it today you would earn a total of  50.00  from holding Goldcorp Inc or generate 1.88% return on investment over 30 days.

Diversification

Average diversification
Overlapping area represents amount of risk that can be diversified away by holding Goldcorp Inc. and Canada Composite in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.12
Parameters
Time Period1 Month [change]
DirectionPositive ^GSPTSE Moved Up vs GG
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
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Returns   
GSPTSE   GG   

Goldcorp Inc

 
    
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.
    

Match-ups for Goldcorp

Barrick Gold Corporation vs. Goldcorp Inc
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Canada Composite

 
    
Canada
Performance
0
Out Of
100
Over 30
Days
    

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