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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 Sterlite Industries (India) Lt  vs   Natus Medical Inc.
 Compare Fundamentals  
Daily Returns (%)
BABY   SLT   
 
Considering 30-days investment horizon, Sterlite is expected to generate 1.69 times less return on investment than Natus. But when comparing it to its historical volatility, Sterlite Industries India Ltd is 1.03 times less risky than Natus. It trades about 0.18 of its potential returns per unit of risk. Natus Medical Inc is currently generating about 0.29 of returns per unit of risk over similar time horizon. If you would invest  1,333  in Natus Medical Inc on April 22, 2013 and sell it today you would earn a total of  178.00  from holding Natus Medical Inc or generate 13.35% return on investment over 30 days.

Diversification

Very good diversification
Overlapping area represents amount of risk that can be diversified away by holding Sterlite Industries (India) Lt and Natus Medical Inc. in the same portfolio assuming nothing else is changed

Correlation Coefficient

-0.31
Parameters
Time Period1 Month [change]
DirectionNegative SLT Moved Down vs BABY
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
BABY   SLT   

Sterlite Industries India Ltd

 
    
Sterlite
Performance
9
Out Of
100
Over 30
Days
91% of all equities and portfolios perform better than Sterlite Industries India Ltd. Compared with the overall equity markets, risk-adjusted returns on investments in Sterlite Industries India Ltd are ranked lower than 9 (%) of all global equities and portfolios over the last 30 days.
    

Match ups for Sterlite

BHP Billiton Limited vs. Sterlite Industries India Ltd
BHP Billiton plc vs. Sterlite Industries India Ltd
Rio Tinto plc vs. Sterlite Industries India Ltd
Vale SA vs. Sterlite Industries India Ltd
Teck Resources Limited vs. Sterlite Industries India Ltd
Cameco Corporation vs. Sterlite Industries India Ltd
CONSOL Energy Inc vs. Sterlite Industries India Ltd
Turquoise Hill Resources Ltd vs. Sterlite Industries India Ltd
Peabody Energy Corp vs. Sterlite Industries India Ltd
  

Natus Medical Inc

 
    
Natus
Performance
15
Out Of
100
Over 30
Days
85% of all equities and portfolios perform better than Natus Medical Inc. Compared with the overall equity markets, risk-adjusted returns on investments in Natus Medical Inc are ranked lower than 15 (%) of all global equities and portfolios over the last 30 days.
    

Match ups for Natus

Abbott Laboratories vs. Natus Medical Inc
Medtronic Inc vs. Natus Medical Inc
Stryker Corporation vs. Natus Medical Inc
Intuitive Surgical Inc vs. Natus Medical Inc
Zimmer Holdings Inc vs. Natus Medical Inc
Boston Scientific Corporation vs. Natus Medical Inc
St Jude Medical Inc vs. Natus Medical Inc
Smith Nephew plc vs. Natus Medical Inc
Edwards Lifesciences Corp vs. Natus Medical Inc
Varian Medical Systems Inc vs. Natus Medical Inc


 
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