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


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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 Goldcorp Inc.  vs   Renault Soci
 Compare Fundamentals  
Daily Returns (%)
RNO   GG   
 
Allowing for 30-days total investment horizon, Goldcorp Inc is expected to under-perform the Renault. In addition to that, Goldcorp is 1.18 times more volatile than Renault Soci. It trades about -0.17 of its total potential returns per unit of risk. Renault Soci is currently generating about 0.3 per unit of volatility. If you would invest  5,236  in Renault Soci on April 25, 2013 and sell it today you would earn a total of  689  from holding Renault Soci or generate 13.16% return on investment over 30 days.

Diversification

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

Correlation Coefficient

-0.19
Parameters
Time Period1 Month [change]
DirectionNegative GG Moved Down vs RNO.PA
StrengthInsignificant
Accuracy86.36%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
RNO   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

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
  

Renault Soci

 
    
Renault
Performance
16
Out Of
100
Over 30
Days
84% of all equities and portfolios perform better than Renault Soci. Compared with the overall equity markets, risk-adjusted returns on investments in Renault Soci are ranked lower than 16 (%) of all global equities and portfolios over the last 30 days.
    

Match-ups for Renault

Ford Motor Co vs. Renault Soci
Fiat SpA vs. Renault Soci
Peugeot SA vs. Renault Soci
PGO Automobiles SA vs. Renault Soci


 
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