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Benchmark SP 500  1,629   22.88  Index Moved Down -1.39% United States ...


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Collecting data for TCK and BHP ...

Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 Teck Resources Limited  vs   BHP Billiton Limited
 Compare Fundamentals  
Daily Returns (%)
TCK   BHP   
 
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Considering 30-days investment horizon, Teck Resources Limited is expected to under-perform the BHP Billiton. In addition to that, Teck is 1.36 times more volatile than BHP Billiton Limited. It trades about -0.38 of its total potential returns per unit of risk. BHP Billiton Limited is currently generating about -0.25 per unit of volatility. If you would invest  6,917  in BHP Billiton Limited on May 20, 2013 and sell it today you would lose (657) from holding BHP Billiton Limited or give up 9.5% of portfolio value over 30 days.

Diversification

Poor diversification
Overlapping area represents amount of risk that can be diversified away by holding Teck Resources Limited and BHP Billiton Limited in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.64
Parameters
Time Period1 Month [change]
DirectionPositive BHP Moved Up vs TCK
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
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Returns   
TCK   BHP   

Teck Resources Limited

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

Match-ups for Teck

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

BHP Billiton Limited

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

Match-ups for BHP Billiton

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


 
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