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GILD AMGN BIIB CELG Conglomerates Drugs Software Farming 
Benchmark SP 500  1,648   2.78  Index Moved Down -0.17% ...


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Collecting data for GLW and ^GSPC ...

Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 Corning Inc.  vs   S&P 500
Check Correlation Matrix  
Daily Returns (%)
GSPC   GLW   
 
Considering 30-days investment horizon, Corning Inc is expected to generate 2.75 times more return on investment than SP 500. However, Corning is 2.75 times more volatile than S&P 500. It trades about 0.38 of its potential returns per unit of risk. S&P 500 is currently generating about 0.35 per unit of risk. If you would invest  1,423  in Corning Inc on April 24, 2013 and sell it today you would earn a total of  152.00  from holding Corning Inc or generate 10.68% return on investment over 30 days.

Diversification

Poor diversification
Overlapping area represents amount of risk that can be diversified away by holding Corning Inc. and S&P 500 in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.73
Parameters
Time Period1 Month [change]
DirectionPositive ^GSPC Moved Up vs GLW
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
GSPC   GLW   

Corning Inc

 
    
Corning
Performance
20
Out Of
100
Over 30
Days
80% of all equities and portfolios perform better than Corning Inc. Compared with the overall equity markets, risk-adjusted returns on investments in Corning Inc are ranked lower than 20 (%) of all global equities and portfolios over the last 30 days.
    

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S&P 500

 
    
SP 500
Performance
19
Out Of
100
Over 30
Days
    

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