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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 Great Plains Energy Incorporat  vs   Aluminum Corp. Of China Limite
 Compare Fundamentals  
Daily Returns (%)
GXP   ACH   
 
Considering 30-days investment horizon, Great is expected to generate 2.71 times less return on investment than Aluminum. But when comparing it to its historical volatility, Great Plains Energy Incorporated is 2.79 times less risky than Aluminum. It trades about 0.21 of its potential returns per unit of risk. Aluminum Corporation Of China Limited is currently generating about 0.2 of returns per unit of risk over similar time horizon. If you would invest  917  in Aluminum Corporation Of China Limited on April 18, 2013 and sell it today you would earn a total of  97.00  from holding Aluminum Corporation Of China Limited or generate 10.58% return on investment over 30 days.

Diversification

Very weak diversification
Overlapping area represents amount of risk that can be diversified away by holding Great Plains Energy Incorporat and Aluminum Corp. Of China Limite in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.53
Parameters
Time Period1 Month [change]
DirectionPositive ACH Moved Up vs GXP
StrengthWeak
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
GXP   ACH   

Great Plains Energy Incorporated

 
    
Great
Performance
11
Out Of
100
Over 30
Days
89% of all equities and portfolios perform better than Great Plains Energy Incorporated. Compared with the overall equity markets, risk-adjusted returns on investments in Great Plains Energy Incorporated are ranked lower than 11 (%) of all global equities and portfolios over the last 30 days.
    

Match ups for Great

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Aluminum Corporation Of China Limited

 
    
Aluminum
Performance
10
Out Of
100
Over 30
Days
90% of all equities and portfolios perform better than Aluminum Corporation Of China Limited. Compared with the overall equity markets, risk-adjusted returns on investments in Aluminum Corporation Of China Limited are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days.
    

Match ups for Aluminum

Alcoa Inc vs. Aluminum Corporation Of China Limited
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