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FNMFO FNMFO 096770 KDDIF JPY Bitcoins Semiconductor Biotech Insurance 
Benchmark SP 500  1,652   12.77  Index Moved Up 0.78% United States ...


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Collecting data for ^NYA and BIO ...

Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 NYSE  vs   Biotest AG
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Daily Returns (%)
BIO   NYA   
 
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Given investment horizon of 30 days, NYSE is expected to generate 0.69 times more return on investment than Biotest. However, NYSE is 1.45 times less risky than Biotest. It trades about -0.15 of its potential returns per unit of risk. Biotest AG is currently generating about -0.27 per unit of risk. If you would invest  959,827  in NYSE on May 19, 2013 and sell it today you would lose (26,038) from holding NYSE or give up 2.71% of portfolio value over 30 days.

Diversification

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

Correlation Coefficient

-0.19
Parameters
Time Period1 Month [change]
DirectionNegative ^NYA Moved Down vs BIO.DE
StrengthInsignificant
Accuracy95.24%
ValuesDaily Returns
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Predicted Return Density
 
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Returns   
BIO   NYA   

NYSE

 
    
NYSE
Performance
0
Out Of
100
Over 30
Days
    

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Biotest AG

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

Match-ups for Biotest

Roche Holding AG vs. Biotest AG


 
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