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US Market Closed: May 24, 17:26 PM 2012  
ABX GG NEM AUY BVN KGC 
 
 
  NYSE  7,552  11.46  Index Moved Up 



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Collecting data for 3396C and 4629C ...

Asset Comparison and Correlation

    
       
Investment horizon: 
30 Days (Login to change)
       
 
    
 3396C.PA  and   4629C.PA
Check Correlation Matrix  
Daily Returns (%)
4629C  3396C  
Timeline
Assuming 30 trading days horizon, 3396C.PA is expected to under-perform the 4629CPA. In addition to that, 3396CPA is 1.39 times more volatile than 4629C.PA. It trades about -0.6 of its total potential returns per unit of risk. 4629C.PA is currently generating about -0.43 per unit of volatility. If you would invest 41.00 in 4629C.PA on April 24, 2012 and sell it today you would lose (29.00) from holding 4629C.PA or give up 70.73% of portfolio value over 30 days.

Diversification

Very good diversification
Overlapping area represents amount of risk that can be diversified away by holding 3396C.PA and 4629C.PA in the same portfolio (assuming nothing else is changed)

Correlation Coefficient

-0.34
 Parameters
Time Period1 Month [change]
DirectionNegative 3396C.PA Moved Down vs 4629C.PA
StrengthInsignificant
Accuracy69.23%
ValuesDaily Returns
    
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Predicted Return Density
Expected Daily Returns   
4629C  3396C  

3396C.PA

 
    
    
3396CPA
Performance
0
Out Of
100
Over 30
Days
Over the last 30 days 3396C.PA has generated negative risk-adjusted returns adding no value to investors with long positions.
    
    
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4629C.PA

 
    
    
4629CPA
Performance
0
Out Of
100
Over 30
Days
Over the last 30 days 4629C.PA has generated negative risk-adjusted returns adding no value to investors with long positions.
    
    
Federal National Mortgage Association vs. 4629C.PA
KDDI CORP vs. 4629C.PA
SK Innovation vs. 4629C.PA
A.P. M vs. 4629C.PA
Citigroup Inc. vs. 4629C.PA
AngloGold Ashanti Ltd. vs. 4629C.PA
       


 

 
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