Asset Comparison and Correlation
|Biocon Limited vs Mobile Telesystems OJSC|
Assuming 30 trading days horizon, Biocon is expected to generate 18.0 times less return on investment than Mobile. But when comparing it to its historical volatility, Biocon Limited is 1.09 times less risky than Mobile. It trades about 0.01 of its potential returns per unit of risk. Mobile Telesystems OJSC is currently generating about 0.12 of returns per unit of risk over similar time horizon. If you would invest 1,922 in Mobile Telesystems OJSC on April 19, 2013 and sell it today you would earn a total of 89.00 from holding Mobile Telesystems OJSC or generate 4.63% return on investment over 30 days.
Over the last 30 days Biocon Limited has generated negative risk-adjusted returns adding no value to investors with long positions.
Match ups for Biocon
94% of all equities and portfolios perform better than Mobile Telesystems OJSC. Compared with the overall equity markets, risk-adjusted returns on investments in Mobile Telesystems OJSC are ranked lower than 6 (%) of all global equities and portfolios over the last 30 days.
Match ups for Mobile