Processing
Collecting data for BIDU and BIOCON ...

Asset Comparison and Correlation

View All Portfolios

More Actions
- Select Assests
- Optimize Portfolio
- Suggest Portfolio
- Backtest Watchlist
- Analyze Correlations
- View Transactions
- Check Volatilities
- Import Equities
- Search Equities

Investment horizon:

30 Days Login to change

Run Correlation

Baidu Inc. vs Biocon Limited

Compare Fundamentals

Daily Returns (%)

BIDU

BIOCON

Change Benchmark

Embed

Export

Timeline

Given investment horizon of 30 days, Baidu Inc is expected to generate 2.24 times more return on investment than Biocon. However, Baidu is 2.24 times more volatile than Biocon Limited. It trades about 0.11 of its potential returns per unit of risk. Biocon Limited is currently generating about -0.11 per unit of risk. If you would invest 9,234 in Baidu Inc on April 24, 2013 and sell it today you would earn a total of 155.00 from holding Baidu Inc or generate 1.68% return on investment over 30 days.

Diversification

Weak diversification

Overlapping area represents amount of risk that can be diversified away by holding Baidu Inc. and Biocon Limited in the same portfolio assuming nothing else is changed

Optimize

Correlation Coefficient

0.34

Parameters

Time Period	1 Month [change]
Direction	Positive
Strength	Very Weak
Accuracy	86.36%
Values	Daily Returns

Suggest

Follow Correlation between BIDU and BIOCON with Macroaxis syndicated feed, custom widget, or your favorite custom stock ticker

Get Widget

Add Correlation between BIDU and BIOCON to your reader

Syndicate

Share Correlation between BIDU and BIOCON

Find Opportunities

Predicted Return Density

Embed

Export

Returns

BIDU

BIOCON

Baidu Inc

Alpha

Profile

Baidu

Performance

5	Out Of 100

Over 30

Days

95% of all equities and portfolios perform better than Baidu Inc. Compared with the overall equity markets, risk-adjusted returns on investments in Baidu Inc are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days.

Check Performance

Backtest

Predict Price

Match-ups for Baidu

Google Inc vs. Baidu Inc

Facebook Inc vs. Baidu Inc

Yahoo! Inc vs. Baidu Inc

Akamai Technologies Inc vs. Baidu Inc

IAC-InterActiveCorp vs. Baidu Inc

ValueClick Inc vs. Baidu Inc

SouFun Holdings Ltd vs. Baidu Inc

Sohu Inc vs. Baidu Inc

Biocon Limited

Alpha

Profile

Biocon

Performance

0	Out Of 100

Over 30

Days

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

Check Performance

Backtest

Predict Price

Match-ups for Biocon

Sun Pharmaceutical Industries Limited vs. Biocon Limited

Wockhardt Ltd vs. Biocon Limited

Biocon Limited vs. Biocon Limited

Fresenius Kabi Oncology Ltd vs. Biocon Limited

Panacea Biotec Ltd vs. Biocon Limited

Sterling Biotech Limited vs. Biocon Limited

Zenotech Laboratories Limited vs. Biocon Limited

Content

Thanks for checking out Macroaxis

Tell us what you like and what you don't like. We promise we'll not only listen but write you back

Contact Us

Macroaxis is user-driven community of investors. We appreciate any feedback or comment you can provide. Please fill out our quick survey to help us provide your with a better service and user experience

Fill Out Quick Survey

Most of the functionality on our site is free to use. However we do provide premium service to sophisticated investors. Our premium subscription will give you unprecedented capabilities to optimize your portfolios using robust financial analysis toolkit, fast mean-variance optimization engine, and proven portfolio theory

Go Premium