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US Market Closed: May 25, 18:03 PM 2012  
IGLAX IRGWX IGLIX IGARX IDGTX IGCAX 
 
 
  NYSE  7,534  18.032  Index Moved Down 



Processing
Collecting data for CHBT and CSKI ...

Asset Comparison and Correlation

    
       
Investment horizon: 
30 Days (Login to change)
       
 
    
 ChinaBiotics Inc.  and   China Sky One Medical Inc.
Check Correlation Matrix  
Daily Returns (%)
CHBT  CSKI  
Timeline
Given investment horizon of 30 days, ChinaBiotics Inc. is expected to under-perform the China. In addition to that, ChinaBiotics is 2.96 times more volatile than China Sky One Medical Inc.. It trades about -0.16 of its total potential returns per unit of risk. China Sky One Medical Inc. is currently generating about -0.14 per unit of volatility. If you would invest 32.00 in China Sky One Medical Inc. on April 25, 2012 and sell it today you would lose (2.00) from holding China Sky One Medical Inc. or give up 6.25% of portfolio value over 30 days.

Diversification

Excellent diversification
Overlapping area represents amount of risk that can be diversified away by holding ChinaBiotics Inc. and China Sky One Medical Inc. in the same portfolio (assuming nothing else is changed)

Correlation Coefficient

-0.53
 Parameters
Time Period1 Month [change]
DirectionNegative CHBT Moved Down vs CSKI
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns
    
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Predicted Return Density
Expected Daily Returns   
CHBT  CSKI  

ChinaBiotics Inc.

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

China Sky One Medical Inc.

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


 

 
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