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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 Himax Technologies Inc.  vs   Helix Energy Solutions Group I
 Compare Fundamentals  
Daily Returns (%)
HLX   HIMX   
 
Given investment horizon of 30 days, Himax Technologies Inc is expected to generate 2.53 times more return on investment than Helix. However, Himax is 2.53 times more volatile than Helix Energy Solutions Group Inc. It trades about 0.24 of its potential returns per unit of risk. Helix Energy Solutions Group Inc is currently generating about 0.41 per unit of risk. If you would invest  550  in Himax Technologies Inc on April 18, 2013 and sell it today you would earn a total of  207.00  from holding Himax Technologies Inc or generate 37.64% return on investment over 30 days.

Diversification

Weak diversification
Overlapping area represents amount of risk that can be diversified away by holding Himax Technologies Inc. and Helix Energy Solutions Group I in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.32
Parameters
Time Period1 Month [change]
DirectionPositive HLX Moved Up vs HIMX
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
HLX   HIMX   

Himax Technologies Inc

 
    
Himax
Performance
13
Out Of
100
Over 30
Days
87% of all equities and portfolios perform better than Himax Technologies Inc. Compared with the overall equity markets, risk-adjusted returns on investments in Himax Technologies Inc are ranked lower than 13 (%) of all global equities and portfolios over the last 30 days.
    

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Helix Energy Solutions Group Inc

 
    
Helix
Performance
22
Out Of
100
Over 30
Days
78% of all equities and portfolios perform better than Helix Energy Solutions Group Inc. Compared with the overall equity markets, risk-adjusted returns on investments in Helix Energy Solutions Group Inc are ranked lower than 22 (%) of all global equities and portfolios over the last 30 days.
    

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