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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 Henry Schein Inc.  vs   St. Jude Medical Inc.
 Compare Fundamentals  
Daily Returns (%)
STJ   HSIC   
 
Given investment horizon of 30 days, Henry is expected to generate 1.89 times less return on investment than St Jude. But when comparing it to its historical volatility, Henry Schein Inc is 2.13 times less risky than St Jude. It trades about 0.45 of its potential returns per unit of risk. St Jude Medical Inc is currently generating about 0.4 of returns per unit of risk over similar time horizon. If you would invest  4,101  in St Jude Medical Inc on April 23, 2013 and sell it today you would earn a total of  469.00  from holding St Jude Medical Inc or generate 11.44% return on investment over 30 days.

Diversification

Poor diversification
Overlapping area represents amount of risk that can be diversified away by holding Henry Schein Inc. and St. Jude Medical Inc. in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.6
Parameters
Time Period1 Month [change]
DirectionPositive STJ Moved Up vs HSIC
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
STJ   HSIC   

Henry Schein Inc

 
    
Henry
Performance
24
Out Of
100
Over 30
Days
76% of all equities and portfolios perform better than Henry Schein Inc. Compared with the overall equity markets, risk-adjusted returns on investments in Henry Schein Inc are ranked lower than 24 (%) of all global equities and portfolios over the last 30 days.
    

Match ups for Henry

Patterson Companies Inc vs. Henry Schein Inc
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Chindex International Inc vs. Henry Schein Inc
ALR Technologies Inc vs. Henry Schein Inc
Manitex Capital Inc vs. Henry Schein Inc
  

St Jude Medical Inc

 
    
St Jude
Performance
21
Out Of
100
Over 30
Days
79% of all equities and portfolios perform better than St Jude Medical Inc. Compared with the overall equity markets, risk-adjusted returns on investments in St Jude Medical Inc are ranked lower than 21 (%) of all global equities and portfolios over the last 30 days.
    

Match ups for St Jude

Abbott Laboratories vs. St Jude Medical Inc
Medtronic Inc vs. St Jude Medical Inc
Stryker Corporation vs. St Jude Medical Inc
Intuitive Surgical Inc vs. St Jude Medical Inc
Zimmer Holdings Inc vs. St Jude Medical Inc
Boston Scientific Corporation vs. St Jude Medical Inc
Smith Nephew plc vs. St Jude Medical Inc
Edwards Lifesciences Corp vs. St Jude Medical Inc
Varian Medical Systems Inc vs. St Jude Medical Inc


 
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