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US Market Open: May 24, 13:46 PM 2012  
FNMFO KDDIF 096770 AMKBF CTGBZ AU 
 
 
  NYSE  7,505  35.904  Index Moved Down 



Processing
Collecting data for ^NYA and REDF ...

Asset Comparison and Correlation

    
       
Investment horizon: 
30 Days (Login to change)
       
 
    
 NYSE  and   Rediff.com India Ltd.
Check Correlation Matrix  
Daily Returns (%)
NYA  REDF  
Timeline
Given investment horizon of 30 days, NYSE is expected to generate 0.38 times more return on investment than Rediff. However, NYSE is 2.63 times less risky than Rediff. It trades about -0.32 of its potential returns per unit of risk. Rediff.com India Ltd. is currently generating about -0.51 per unit of risk. If you would invest 807,079 in NYSE on April 24, 2012 and sell it today you would lose (52,989) from holding NYSE or give up 6.57% of portfolio value over 30 days.

Diversification

Weak diversification
Overlapping area represents amount of risk that can be diversified away by holding NYSE and Rediff.com India Ltd. in the same portfolio (assuming nothing else is changed)

Correlation Coefficient

0.3
 Parameters
Time Period1 Month [change]
DirectionPositive REDF Moved Up vs ^NYA
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns
    
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Share Share Correlation between NYA and REDF
    
    
 
       
Predicted Return Density
Expected Daily Returns   
NYA  REDF  

NYSE

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

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