Asset Comparison and Correlation
|PowerShares S&P 500 Low Volati vs Micron Technology Inc.|
Given investment horizon of 30 days, PowerShares S P 500 Low Volatility is not expected to generate positive returns. However, PowerShares S P 500 Low Volatility is 3.19 times less risky than Micron. It waists most of its returns potential to compensate for thr risk taken. Micron is generating about 0.45 per unit of risk. If you would invest 953 in Micron Technology Inc on April 24, 2013 and sell it today you would earn a total of 186.00 from holding Micron Technology Inc or generate 19.52% return on investment over 30 days.
Over the last 30 days PowerShares S P 500 Low Volatility has generated negative risk-adjusted returns adding no value to investors with long positions.
Match-ups for PowerShares
76% of all equities and portfolios perform better than Micron Technology Inc. Compared with the overall equity markets, risk-adjusted returns on investments in Micron Technology Inc are ranked lower than 24 (%) of all global equities and portfolios over the last 30 days.
Match-ups for Micron