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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 Corning Inc.  vs   Devon Energy Corp.
 Compare Fundamentals  
Daily Returns (%)
DVN   GLW   
 
Considering 30-days investment horizon, Corning Inc is expected to generate 1.32 times more return on investment than Devon. However, Corning is 1.32 times more volatile than Devon Energy Corporation. It trades about 0.38 of its potential returns per unit of risk. Devon Energy Corporation is currently generating about 0.34 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

Very weak diversification
Overlapping area represents amount of risk that can be diversified away by holding Corning Inc. and Devon Energy Corp. in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.5
Parameters
Time Period1 Month [change]
DirectionPositive DVN Moved Up vs GLW
StrengthWeak
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
DVN   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.
    

Match-ups for Corning

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Hubbell Inc vs. Corning Inc
  

Devon Energy Corporation

 
    
Devon
Performance
18
Out Of
100
Over 30
Days
82% of all equities and portfolios perform better than Devon Energy Corporation. Compared with the overall equity markets, risk-adjusted returns on investments in Devon Energy Corporation are ranked lower than 18 (%) of all global equities and portfolios over the last 30 days.
    

Match-ups for Devon

CNOOC Ltd vs. Devon Energy Corporation
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Apache Corp vs. Devon Energy Corporation
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