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Asset Comparison and Correlation

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Investment horizon:

30 Days Login to change

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United States Oil vs Canada Composite

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Daily Returns (%)

USO

GSPTSE

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Considering 30-days investment horizon, United States Oil is expected to generate 1.93 times more return on investment than Canada. However, United is 1.93 times more volatile than Canada Composite. It trades about 0.24 of its potential returns per unit of risk. Canada Composite is currently generating about 0.36 per unit of risk. If you would invest 3,186 in United States Oil on April 22, 2013 and sell it today you would earn a total of 225.00 from holding United States Oil or generate 7.06% return on investment over 30 days.

Diversification

Very weak diversification

Overlapping area represents amount of risk that can be diversified away by holding United States Oil and Canada Composite in the same portfolio assuming nothing else is changed

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Correlation Coefficient

0.48

Parameters

Time Period	1 Month [change]
Direction	Positive
Strength	Weak
Accuracy	95.45%
Values	Daily Returns

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Predicted Return Density

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Returns

USO

GSPTSE

United States Oil

Alpha

Profile

United

Performance

13	Out Of 100

Over 30

Days

87% of all equities and portfolios perform better than United States Oil. Compared with the overall equity markets, risk-adjusted returns on investments in United States Oil are ranked lower than 13 (%) of all global equities and portfolios over the last 30 days.

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Canada Composite

Profile

Canada

Performance

19	Out Of 100

Over 30

Days

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