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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 Ratos AB  vs   AngloGold Ashanti Ltd.
 Compare Fundamentals  
Daily Returns (%)
AU   RATO-A   
 
Assuming 30 trading days horizon, Ratos AB is expected to generate 0.71 times more return on investment than AngloGold. However, Ratos AB is 1.41 times less risky than AngloGold. It trades about -0.01 of its potential returns per unit of risk. AngloGold Ashanti Ltd is currently generating about -0.14 per unit of risk. If you would invest  7,000  in Ratos AB on April 21, 2013 and sell it today you would lose (50.00) from holding Ratos AB or give up 0.71% of portfolio value over 30 days.

Diversification

Modest diversification
Overlapping area represents amount of risk that can be diversified away by holding Ratos AB and AngloGold Ashanti Ltd. in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.28
Parameters
Time Period1 Month [change]
DirectionPositive AU Moved Up vs RATO-A.ST
StrengthVery Weak
Accuracy85.71%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
AU   RATO-A   

Ratos AB

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

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AngloGold Ashanti Ltd

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

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