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SP 500   1,672   6.00  Index Moved Up 0.36%
510120 002652 002619 510130 Management Drugs Marketing Rentals 
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Asset Comparison and Correlation

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Investment horizon: 
  30 Days    Login   to change
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 WebMD Health Corp.  vs   CogState Limited
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Daily Returns (%)
CGS   WBMD   
 
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Given investment horizon of 30 days, WebMD Health Corp is expected to generate 0.66 times more return on investment than CogState. However, WebMD Health Corp is 1.52 times less risky than CogState. It trades about 0.5 of its potential returns per unit of risk. CogState Limited is currently generating about -0.2 per unit of risk. If you would invest  2,341  in WebMD Health Corp on April 21, 2013 and sell it today you would earn a total of  656  from holding WebMD Health Corp or generate 28.02% return on investment over 30 days.

Diversification

Very weak diversification
Overlapping area represents amount of risk that can be diversified away by holding WebMD Health Corp. and CogState Limited in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.46
Parameters
Time Period1 Month [change]
DirectionPositive CGS.AX Moved Up vs WBMD
StrengthWeak
Accuracy80.95%
ValuesDaily Returns
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Returns   
CGS   WBMD   

WebMD Health Corp

Alpha
 
Profile
    
WebMD
Performance
27
Out Of
100
Over 30
Days
?
73% of all equities and portfolios perform better than WebMD Health Corp. Compared with the overall equity markets, risk-adjusted returns on investments in WebMD Health Corp are ranked lower than 27 (%) of all global equities and portfolios over the last 30 days.
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CogState Limited

Alpha
 
Profile
    
CogState
Performance
0
Out Of
100
Over 30
Days
?
Over the last 30 days CogState Limited has generated negative risk-adjusted returns adding no value to investors with long positions.
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Match ups for CogState

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