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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 Constellation Brands Inc.  vs   DENTSPLY International Inc.
 Compare Fundamentals  
Daily Returns (%)
STZ   XRAY   
 
Considering 30-days investment horizon, Constellation Brands Inc is expected to generate 1.03 times more return on investment than DENTSPLY. However, Constellatio is 1.03 times more volatile than DENTSPLY International Inc. It trades about 0.18 of its potential returns per unit of risk. DENTSPLY International Inc is currently generating about -0.01 per unit of risk. If you would invest  4,804  in Constellation Brands Inc on April 23, 2013 and sell it today you would earn a total of  346.00  from holding Constellation Brands Inc or generate 7.2% return on investment over 30 days.

Diversification

Weak diversification
Overlapping area represents amount of risk that can be diversified away by holding Constellation Brands Inc. and DENTSPLY International Inc. in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.38
Parameters
Time Period1 Month [change]
DirectionPositive XRAY Moved Up vs STZ
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
STZ   XRAY   

Constellation Brands Inc

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

Match ups for Constellatio

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Encore Brands Inc vs. Constellation Brands Inc
  

DENTSPLY International Inc

 
    
DENTSPLY
Performance
0
Out Of
100
Over 30
Days
Over the last 30 days DENTSPLY International Inc has generated negative risk-adjusted returns adding no value to investors with long positions.
    

Match ups for DENTSPLY

Baxter International Inc vs. DENTSPLY International Inc
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