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Asset Comparison and Correlation

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Investment horizon:

30 Days Login to change

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Salem Communications Corp. vs S&P 500

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Daily Returns (%)

SALM

GSPC

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Given investment horizon of 30 days, Salem Communications Corp is expected to generate 2.36 times more return on investment than SP 500. However, Salem is 2.36 times more volatile than S&P 500. It trades about 0.12 of its potential returns per unit of risk. S&P 500 is currently generating about -0.05 per unit of risk. If you would invest 740 in Salem Communications Corp on May 20, 2013 and sell it today you would earn a total of 45.00 from holding Salem Communications Corp or generate 6.08% return on investment over 30 days.

Diversification

Very weak diversification

Overlapping area represents amount of risk that can be diversified away by holding Salem Communications Corp. and S&P 500 in the same portfolio assuming nothing else is changed

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Correlation Coefficient

0.53

Parameters

Time Period	1 Month [change]
Direction	Positive
Strength	Weak
Accuracy	100.0%
Values	Daily Returns

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Predicted Return Density

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Returns

SALM

GSPC

Salem Communications Corp

Alpha

Profile

Salem

Performance

6	Out Of 100

Over 30

Days

94% of all equities and portfolios perform better than Salem Communications Corp. Compared with the overall equity markets, risk-adjusted returns on investments in Salem Communications Corp are ranked lower than 6 (%) of all global equities and portfolios over the last 30 days.

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Match-ups for Salem

SIRIUS XM Radio Inc vs. Salem Communications Corp

Cumulus Media Inc vs. Salem Communications Corp

Radio One Inc vs. Salem Communications Corp

S&P 500

Profile

SP 500

Performance

0	Out Of 100

Over 30

Days

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