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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
 
 Nokia Corp.  vs   Aastra Technologies Ltd.
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Daily Returns (%)
AAH   NOK   
 
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Considering 30-days investment horizon, Nokia is expected to generate 4.27 times less return on investment than Aastra. In addition to that, Nokia is 1.63 times more volatile than Aastra Technologies Ltd. It trades about 0.07 of its total potential returns per unit of risk. Aastra Technologies Ltd is currently generating about 0.5 per unit of volatility. If you would invest  1,820  in Aastra Technologies Ltd on May 20, 2013 and sell it today you would earn a total of  241.00  from holding Aastra Technologies Ltd or generate 13.24% return on investment over 30 days.

Diversification

Good diversification
Overlapping area represents amount of risk that can be diversified away by holding Nokia Corp. and Aastra Technologies Ltd. in the same portfolio assuming nothing else is changed

Correlation Coefficient

-0.16
Parameters
Time Period1 Month [change]
DirectionNegative NOK Moved Down vs AAH.TO
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
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Returns   
AAH   NOK   

Nokia Corporation

 
    
Nokia
Performance
3
Out Of
100
Over 30
Days
97% of all equities and portfolios perform better than Nokia Corporation. Compared with the overall equity markets, risk-adjusted returns on investments in Nokia Corporation are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days.
    

Match-ups for Nokia

QUALCOMM Incorporated vs. Nokia Corporation
Harris Corporation vs. Nokia Corporation
EchoStar Corp vs. Nokia Corporation
JDS Uniphase Corporation vs. Nokia Corporation
AlcatelLucent SA vs. Nokia Corporation
ViaSat Inc vs. Nokia Corporation
AGC Networks Limited vs. Nokia Corporation
Arris Enterprises Inc vs. Nokia Corporation
  

Aastra Technologies Ltd

 
    
Aastra
Performance
27
Out Of
100
Over 30
Days
73% of all equities and portfolios perform better than Aastra Technologies Ltd. Compared with the overall equity markets, risk-adjusted returns on investments in Aastra Technologies Ltd are ranked lower than 27 (%) of all global equities and portfolios over the last 30 days.
    

Match-ups for Aastra

JDS Uniphase Corporation vs. Aastra Technologies Ltd
Sandvine Corporation vs. Aastra Technologies Ltd


 
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