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FNMFO FNMFO 096770 KDDIF Air Market Neutral Synthetics Sport Products 
Benchmark SP 500  1,629   22.88  Index Moved Down -1.39% United States ...


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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 Industrial and Commercial Bank  vs   Home Bancshares Inc. (Conway A
 Compare Fundamentals  
Daily Returns (%)
1398   HOMB   
 
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Assuming 30 trading days horizon, Industrial and Commercial Bank of China Limited is expected to generate 0.24 times more return on investment than Home. However, Industrial and Commercial Bank of China Limited is 4.18 times less risky than Home. It trades about -0.24 of its potential returns per unit of risk. Home Bancshares Inc Conway AR is currently generating about -0.21 per unit of risk. If you would invest  553  in Industrial and Commercial Bank of China Limited on May 21, 2013 and sell it today you would lose (78.00) from holding Industrial and Commercial Bank of China Limited or give up 14.1% of portfolio value over 30 days.

Diversification

Very weak diversification
Overlapping area represents amount of risk that can be diversified away by holding Industrial and Commercial Bank and Home Bancshares Inc. (Conway A in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.42
Parameters
Time Period1 Month [change]
DirectionPositive HOMB Moved Up vs 1398.HK
StrengthWeak
Accuracy95.45%
ValuesDaily Returns
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Predicted Return Density
 
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Returns   
1398   HOMB   

Industrial and Commercial Bank of China

 
    
Industrial
Performance
0
Out Of
100
Over 30
Days
Over the last 30 days Industrial and Commercial Bank of China Limited has generated negative risk-adjusted returns adding no value to investors with long positions.
    

Match-ups for Industrial

China Construction Bank Corporation vs. Industrial and Commercial Bank of China Limited
Bank of Communications Co Ltd vs. Industrial and Commercial Bank of China Limited
  

Home Bancshares Inc Conway AR

 
    
Home
Performance
0
Out Of
100
Over 30
Days
Over the last 30 days Home Bancshares Inc Conway AR has generated negative risk-adjusted returns adding no value to investors with long positions.
    

Match-ups for Home

Industrial and Commercial Bank of China Limited vs. Home Bancshares Inc Conway AR
Wells Fargo Company vs. Home Bancshares Inc Conway AR
JPMorgan Chase Co vs. Home Bancshares Inc Conway AR
Banco Bradesco SA vs. Home Bancshares Inc Conway AR
Bank of America Corporation vs. Home Bancshares Inc Conway AR
Australia New Zealand Banking Group Limited vs. Home Bancshares Inc Conway AR
Mitsubishi UFJ Financial Group Inc vs. Home Bancshares Inc Conway AR


 
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