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SP 500   1,669   2.87  Index Moved Up 0.17%
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Collecting data for ^NYA and ADMANUM ...

Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 NYSE  vs   AdManum Finance Ltd
Check Correlation Matrix  
Daily Returns (%)
NYA   ADMANUM   
 
Given investment horizon of 30 days, NYSE is expected to generate 0.16 times more return on investment than AdManum. However, NYSE is 6.44 times less risky than AdManum. It trades about 0.51 of its potential returns per unit of risk. AdManum Finance Ltd is currently generating about -0.09 per unit of risk. If you would invest  911,380  in NYSE on April 21, 2013 and sell it today you would earn a total of  47,372  from holding NYSE or generate 5.2% return on investment over 30 days.

Diversification

Good diversification
Overlapping area represents amount of risk that can be diversified away by holding NYSE and AdManum Finance Ltd in the same portfolio assuming nothing else is changed

Correlation Coefficient

-0.06
Parameters
Time Period1 Month [change]
DirectionNegative ^NYA Moved Down vs ADMANUM.BO
StrengthInsignificant
Accuracy95.24%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
NYA   ADMANUM   

NYSE

 
    
NYSE
Performance
27
Out Of
100
Over 30
Days
    

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AdManum Finance Ltd

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

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