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Asset Comparison and Correlation

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Investment horizon:

30 Days Login to change

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Micron Technology Inc. vs S&P 500

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Daily Returns (%)

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Allowing for 30-days total investment horizon, Micron Technology Inc is expected to generate 2.98 times more return on investment than SP 500. However, Micron is 2.98 times more volatile than S&P 500. It trades about 0.57 of its potential returns per unit of risk. S&P 500 is currently generating about 0.65 per unit of risk. If you would invest 935 in Micron Technology Inc on April 18, 2013 and sell it today you would earn a total of 196.00 from holding Micron Technology Inc or generate 20.96% return on investment over 30 days.

Diversification

Modest diversification

Overlapping area represents amount of risk that can be diversified away by holding Micron Technology Inc. and S&P 500 in the same portfolio assuming nothing else is changed

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Correlation Coefficient

0.29

Parameters

Time Period	1 Month [change]
Direction	Positive
Strength	Very Weak
Accuracy	100.0%
Values	Daily Returns

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Returns

GSPC

Micron Technology Inc

Alpha

Profile

Micron

Performance

30	Out Of 100

Over 30

Days

70% of all equities and portfolios perform better than Micron Technology Inc. Compared with the overall equity markets, risk-adjusted returns on investments in Micron Technology Inc are ranked lower than 30 (%) of all global equities and portfolios over the last 30 days.

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S&P 500

Profile

SP 500

Performance

35	Out Of 100

Over 30

Days

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