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Benchmark SP 500  1,652   12.77  Index Moved Up 0.78% United States ...


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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 Level 3 Communications Inc.  vs   Towerstream Corp.
 Compare Fundamentals  
Daily Returns (%)
LVLT   TWER   
 
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Given investment horizon of 30 days, Level 3 Communications Inc is expected to generate 1.02 times more return on investment than Towerstream. However, Level is 1.02 times more volatile than Towerstream Corporation. It trades about -0.06 of its potential returns per unit of risk. Towerstream Corporation is currently generating about -0.29 per unit of risk. If you would invest  2,230  in Level 3 Communications Inc on May 20, 2013 and sell it today you would lose (34.00) from holding Level 3 Communications Inc or give up 1.52% of portfolio value over 30 days.

Diversification

Average diversification
Overlapping area represents amount of risk that can be diversified away by holding Level 3 Communications Inc. and Towerstream Corp. in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.14
Parameters
Time Period1 Month [change]
DirectionPositive TWER Moved Up vs LVLT
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
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Returns   
LVLT   TWER   

Level 3 Communications Inc

 
    
Level
Performance
0
Out Of
100
Over 30
Days
Over the last 30 days Level 3 Communications Inc has generated negative risk-adjusted returns adding no value to investors with long positions.
    

Match-ups for Level

Crown Castle International Corp vs. Level 3 Communications Inc
Oi SA vs. Level 3 Communications Inc
NeuStar Inc vs. Level 3 Communications Inc
Cogent Communications Group Inc vs. Level 3 Communications Inc
Iridium Communications Inc vs. Level 3 Communications Inc
Premiere Global Services Inc vs. Level 3 Communications Inc
  

Towerstream Corporation

 
    
Towerstream
Performance
0
Out Of
100
Over 30
Days
Over the last 30 days Towerstream Corporation has generated negative risk-adjusted returns adding no value to investors with long positions.
    

Match-ups for Towerstream

Crown Castle International Corp vs. Towerstream Corporation
Level 3 Communications Inc vs. Towerstream Corporation
Oi SA vs. Towerstream Corporation
NeuStar Inc vs. Towerstream Corporation
Cogent Communications Group Inc vs. Towerstream Corporation
Iridium Communications Inc vs. Towerstream Corporation
Premiere Global Services Inc vs. Towerstream Corporation


 
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