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FNMFO FNMFO 096770 KDDIF Communication Momentum Books Computers 
Benchmark SP 500  1,652   12.77  Index Moved Up 0.78% United States ...


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Collecting data for NVDA and RNO ...

Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 NVIDIA Corp.  vs   Renault Soci
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Daily Returns (%)
RNO   NVDA   
 
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Given investment horizon of 30 days, NVIDIA Corporation is expected to generate 0.69 times more return on investment than Renault. However, NVIDIA Corporation is 1.46 times less risky than Renault. It trades about -0.1 of its potential returns per unit of risk. Renault Soci is currently generating about -0.15 per unit of risk. If you would invest  1,492  in NVIDIA Corporation on May 20, 2013 and sell it today you would lose (52.00) from holding NVIDIA Corporation or give up 3.49% of portfolio value over 30 days.

Diversification

Very good diversification
Overlapping area represents amount of risk that can be diversified away by holding NVIDIA Corp. and Renault Soci in the same portfolio assuming nothing else is changed

Correlation Coefficient

-0.43
Parameters
Time Period1 Month [change]
DirectionNegative NVDA Moved Down vs RNO.PA
StrengthVery Weak
Accuracy95.45%
ValuesDaily Returns
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Predicted Return Density
 
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Returns   
RNO   NVDA   

NVIDIA Corporation

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

Match-ups for NVIDIA

Altera Corp vs. NVIDIA Corporation
Linear Technology Corporation vs. NVIDIA Corporation
Himax Technologies Inc vs. NVIDIA Corporation
  

Renault Soci

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

Match-ups for Renault

Peugeot SA vs. Renault Soci


 
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