CARA vs. ^GSPC
Compare and contrast key facts about Cara Therapeutics, Inc. (CARA) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CARA or ^GSPC.
Correlation
The correlation between CARA and ^GSPC is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CARA vs. ^GSPC - Performance Comparison
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Key characteristics
Returns By Period
CARA
N/A
N/A
N/A
N/A
N/A
N/A
N/A
^GSPC
1.39%
12.89%
1.19%
12.45%
15.19%
14.95%
10.86%
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Risk-Adjusted Performance
CARA vs. ^GSPC — Risk-Adjusted Performance Rank
CARA
^GSPC
CARA vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cara Therapeutics, Inc. (CARA) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Drawdowns
CARA vs. ^GSPC - Drawdown Comparison
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Volatility
CARA vs. ^GSPC - Volatility Comparison
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