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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
 
 Royal Bank of Canada  vs   JPMorgan Chase & Co.
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Daily Returns (%)
JPM   RY   
 
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Allowing for 30-days total investment horizon, Royal Bank of Canada is expected to under-perform the JPMorgan. But the stock apears to be less risky and, when comparing its historical volatility, Royal Bank of Canada is 1.03 times less risky than JPMorgan. The stock trades about -0.2 of its potential returns per unit of risk. The JPMorgan Chase Co is currently generating about 0.05 of returns per unit of risk over similar time horizon. If you would invest  5,363  in JPMorgan Chase Co on May 21, 2013 and sell it today you would lose (8.00) from holding JPMorgan Chase Co or give up 0.15% of portfolio value over 30 days.

Diversification

Very weak diversification
Overlapping area represents amount of risk that can be diversified away by holding Royal Bank of Canada and JPMorgan Chase & Co. in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.59
Parameters
Time Period1 Month [change]
DirectionPositive JPM Moved Up vs RY
StrengthWeak
Accuracy100.0%
ValuesDaily Returns
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Returns   
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Royal Bank of Canada

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

Match-ups for Royal

HDFC Bank Ltd vs. Royal Bank of Canada
Itau Unibanco Holding SA vs. Royal Bank of Canada
  

JPMorgan Chase Co

 
    
JPMorgan
Performance
2
Out Of
100
Over 30
Days
98% of all equities and portfolios perform better than JPMorgan Chase Co. Compared with the overall equity markets, risk-adjusted returns on investments in JPMorgan Chase Co are ranked lower than 2 (%) of all global equities and portfolios over the last 30 days.
    

Match-ups for JPMorgan

Industrial and Commercial Bank of China Limited vs. JPMorgan Chase Co
Mitsubishi UFJ Financial Group Inc vs. JPMorgan Chase Co


 
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