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SP 500   1,669   2.87  Index Moved Up 0.17%
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United States GSPC USD ...  |  Macroaxis Daily Picks


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Asset Comparison and Correlation

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 Skellerup Holdings Limited  vs   S&P 500
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Daily Returns (%)
GSPC   SKL   
 
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Timeline
Assuming 30 trading days horizon, Skellerup is expected to generate 7.5 times less return on investment than SP 500. In addition to that, Skellerup is 5.28 times more volatile than S&P 500. It trades about 0.01 of its total potential returns per unit of risk. S&P 500 is currently generating about 0.56 per unit of volatility. If you would invest  157,878  in S&P 500 on April 22, 2013 and sell it today you would earn a total of  9,038  from holding S&P 500 or generate 5.72% return on investment over 30 days.

Diversification

Very weak diversification
Overlapping area represents amount of risk that can be diversified away by holding Skellerup Holdings Limited and S&P 500 in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.45
Parameters
Time Period1 Month [change]
DirectionPositive ^GSPC Moved Up vs SKL.NZ
StrengthWeak
Accuracy77.27%
ValuesDaily Returns
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Returns   
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Skellerup Holdings Limited

Alpha
 
Profile
    
Skellerup
Performance
0
Out Of
100
Over 30
Days
?
Over the last 30 days Skellerup Holdings Limited has generated negative risk-adjusted returns adding no value to investors with long positions.
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S&P 500

 
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SP 500
Performance
30
Out Of
100
Over 30
Days
?
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