Asset Comparison and Correlation
|Precision Castparts Corp. vs Biocon Limited|
Considering 30-days investment horizon, Precision Castparts Corp is expected to generate 1.37 times more return on investment than Biocon. However, Precision is 1.37 times more volatile than Biocon Limited. It trades about 0.37 of its potential returns per unit of risk. Biocon Limited is currently generating about -0.05 per unit of risk. If you would invest 18,613 in Precision Castparts Corp on April 20, 2013 and sell it today you would earn a total of 2,687 from holding Precision Castparts Corp or generate 14.44% return on investment over 30 days.
80% of all equities and portfolios perform better than Precision Castparts Corp. Compared with the overall equity markets, risk-adjusted returns on investments in Precision Castparts Corp are ranked lower than 20 (%) of all global equities and portfolios over the last 30 days.
Match ups for Precision
Over the last 30 days Biocon Limited has generated negative risk-adjusted returns adding no value to investors with long positions.
Match ups for Biocon