Asset Comparison and Correlation
|Nokia Corp. vs Aastra Technologies Ltd.|
Considering 30-days investment horizon, Nokia is expected to generate 77.0 times less return on investment than Aastra. But when comparing it to its historical volatility, Nokia Corporation is 1.85 times less risky than Aastra. It trades about 0.01 of its potential returns per unit of risk. Aastra Technologies Ltd is currently generating about 0.45 of returns per unit of risk over similar time horizon. If you would invest 2,900 in Aastra Technologies Ltd on November 6, 2013 and sell it today you would earn a total of 1,143 from holding Aastra Technologies Ltd or generate 39.41% return on investment over 30 days.
Over the last 30 days Nokia Corporation has generated negative risk-adjusted returns adding no value to investors with long positions. More Info
76% 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 24 (%) of all global equities and portfolios over the last 30 days. More Info