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1169 0531 0921 0449 Beers IT Healthcare Funds BRL Bitcoins 
Benchmark SP 500  1,629   22.88  Index Moved Down -1.39% United States ...


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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 Micron Technology Inc.  vs   Goldcorp Inc.
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Daily Returns (%)
MU   GG   
 
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If you would invest  1,123  in Micron Technology Inc on May 20, 2013 and sell it today you would earn a total of  252.00  from holding Micron Technology Inc or generate 22.44% return on investment over 30 days.

Diversification

Good diversification
Overlapping area represents amount of risk that can be diversified away by holding Micron Technology Inc. and Goldcorp Inc. in the same portfolio assuming nothing else is changed

Correlation Coefficient

-0.06
Parameters
Time Period1 Month [change]
DirectionNegative MU Moved Down vs GG
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
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Returns   
MU   GG   

Micron Technology Inc

 
    
Micron
Performance
25
Out Of
100
Over 30
Days
75% 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 25 (%) of all global equities and portfolios over the last 30 days.
    

Match-ups for Micron

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Goldcorp Inc

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

Match-ups for Goldcorp

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