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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 Harris Corp.  vs   Sonus Networks Inc.
 Compare Fundamentals  
Daily Returns (%)
HRS   SONS   
 
Considering 30-days investment horizon, Harris is expected to generate 1.31 times less return on investment than Sonus. But when comparing it to its historical volatility, Harris Corporation is 2.83 times less risky than Sonus. It trades about 0.61 of its potential returns per unit of risk. Sonus Networks Inc is currently generating about 0.28 of returns per unit of risk over similar time horizon. If you would invest  204.00  in Sonus Networks Inc on April 22, 2013 and sell it today you would earn a total of  50.00  from holding Sonus Networks Inc or generate 24.51% return on investment over 30 days.

Diversification

Very good diversification
Overlapping area represents amount of risk that can be diversified away by holding Harris Corp. and Sonus Networks Inc. in the same portfolio assuming nothing else is changed

Correlation Coefficient

-0.29
Parameters
Time Period1 Month [change]
DirectionNegative HRS Moved Down vs SONS
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
HRS   SONS   

Harris Corporation

 
    
Harris
Performance
33
Out Of
100
Over 30
Days
67% of all equities and portfolios perform better than Harris Corporation. Compared with the overall equity markets, risk-adjusted returns on investments in Harris Corporation are ranked lower than 33 (%) of all global equities and portfolios over the last 30 days.
    

Match ups for Harris

QUALCOMM Incorporated vs. Harris Corporation
Nokia Corporation vs. Harris Corporation
JDS Uniphase Corporation vs. Harris Corporation
EchoStar Corp vs. Harris Corporation
AGC Networks Limited vs. Harris Corporation
ViaSat Inc vs. Harris Corporation
AlcatelLucent SA vs. Harris Corporation
Arris Group Inc vs. Harris Corporation
Loral Space Communications Inc vs. Harris Corporation
  

Sonus Networks Inc

 
    
Sonus
Performance
15
Out Of
100
Over 30
Days
85% of all equities and portfolios perform better than Sonus Networks Inc. Compared with the overall equity markets, risk-adjusted returns on investments in Sonus Networks Inc are ranked lower than 15 (%) of all global equities and portfolios over the last 30 days.
    

Match ups for Sonus

QUALCOMM Incorporated vs. Sonus Networks Inc
Nokia Corporation vs. Sonus Networks Inc
Harris Corporation vs. Sonus Networks Inc
JDS Uniphase Corporation vs. Sonus Networks Inc
EchoStar Corp vs. Sonus Networks Inc
AGC Networks Limited vs. Sonus Networks Inc
ViaSat Inc vs. Sonus Networks Inc
AlcatelLucent SA vs. Sonus Networks Inc
Arris Group Inc vs. Sonus Networks Inc
Loral Space Communications Inc vs. Sonus Networks Inc


 
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