Asset Comparison and Correlation
|Level 3 Communications Inc. vs Towerstream Corp.|
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.
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
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