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Collecting data for ARDM and ABHFX ...

Asset Comparison and Correlation

    
       
Investment horizon: 
30 Days (Login to change)
       
 
    
 Aradigm Corp.  and   American Funds HiInc Muni Bond
Check Correlation Matrix  
Daily Returns (%)
ARDM  ABHFX  
Timeline
Assuming 30 trading days horizon, Aradigm Corporation is expected to generate 49.0 times more return on investment than American. However, Aradigm is 49.0 times more volatile than American Funds HiInc Muni Bond F1. It trades about 0.1 of its potential returns per unit of risk. American Funds HiInc Muni Bond F1 is currently generating about 0.5 per unit of risk. If you would invest 14.00 in Aradigm Corporation on April 25, 2012 and sell it today you would earn a total of 1.00 from holding Aradigm Corporation or generate 7.14% return on investment over 30 days.

Diversification

Modest diversification
Overlapping area represents amount of risk that can be diversified away by holding Aradigm Corp. and American Funds HiInc Muni Bond in the same portfolio (assuming nothing else is changed)

Correlation Coefficient

0.29
 Parameters
Time Period1 Month [change]
DirectionPositive ABHFX Moved Up vs ARDM.OB
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns
    
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Predicted Return Density
Expected Daily Returns   
ARDM  ABHFX  

Aradigm Corporation

 
    
    
Aradigm
Performance
4
Out Of
100
Over 30
Days
96% of all equities and portfolios perform better than Aradigm Corporation. Compared with the overall equity markets, risk-adjusted returns on investments in Aradigm Corporation are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days.
    
    
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American Funds HiInc Muni Bond F1

 
    
    
American
Performance
24
Out Of
100
Over 30
Days
76% of all equities and portfolios perform better than American Funds HiInc Muni Bond F1. Compared with the overall equity markets, risk-adjusted returns on investments in American Funds HiInc Muni Bond F1 are ranked lower than 24 (%) of all global equities and portfolios over the last 30 days.
    
    
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