Asset Comparison and Correlation
|Goldcorp Inc. vs Canada Composite|
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.
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
Match-ups for Canada