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Asset Comparison and Correlation

    
       
Investment horizon: 
30 Days (Login to change)
       
 
    
 Aradigm Corp.  and   Ford Motor Co.
Check Correlation Matrix  
Daily Returns (%)
 ARDM  
Timeline
Assuming 30 trading days horizon, Aradigm Corporation is expected to generate 2.72 times more return on investment than Ford. However, Aradigm is 2.72 times more volatile than Ford Motor. It trades about 0.1 of its potential returns per unit of risk. Ford Motor is currently generating about -0.31 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

Good diversification
Overlapping area represents amount of risk that can be diversified away by holding Aradigm Corp. and Ford Motor Co. in the same portfolio (assuming nothing else is changed)

Correlation Coefficient

-0.09
 Parameters
Time Period1 Month [change]
DirectionNegative ARDM.OB Moved Down vs F
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns
    
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Predicted Return Density
Expected Daily Returns   
 ARDM  

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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Ford Motor

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