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Asset Comparison and Correlation

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Investment horizon:

30 Days Login to change

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NYSE vs Tata Teleservices (Maharashtra

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Daily Returns (%)

TTML

NYA

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Given investment horizon of 30 days, NYSE is expected to generate 0.1 times more return on investment than Tata. However, NYSE is 9.92 times less risky than Tata. It trades about 0.21 of its potential returns per unit of risk. Tata Teleservices Maharashtra Limited is currently generating about -0.01 per unit of risk. If you would invest 916,990 in NYSE on April 25, 2013 and sell it today you would earn a total of 27,233 from holding NYSE or generate 2.97% return on investment over 30 days.

Diversification

Good diversification

Overlapping area represents amount of risk that can be diversified away by holding NYSE and Tata Teleservices (Maharashtra in the same portfolio assuming nothing else is changed

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Correlation Coefficient

-0.02

Parameters

Time Period	1 Month [change]
Direction	Negative
Strength	Insignificant
Accuracy	90.91%
Values	Daily Returns

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Predicted Return Density

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Returns

TTML

NYA

NYSE

Profile

NYSE

Performance

11	Out Of 100

Over 30

Days

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Tata Teleservices Maharashtra Limited

Alpha

Profile

Tata

Performance

0	Out Of 100

Over 30

Days

Over the last 30 days Tata Teleservices Maharashtra Limited has generated negative risk-adjusted returns adding no value to investors with long positions.

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