Welcome to Macroaxis
Sign in to go to your portfolios
Don't have an account? Create It
  Macroaxis: Personalized Investing   The proven technology to invest wisely
Macroaxis Country Selector USA  Change      Macroaxis User Registration Register    Macroaxis User Login Sign In
   
  
 
US Market Closed: May 25, 22:17 PM 2012  
PBR-A RIG CXO NE DO PWE 
 
 
  NYSE  7,534  18.032  Index Moved Down 



Processing
Collecting data for CTIB and ELETHERB ...

Asset Comparison and Correlation

    
       
Investment horizon: 
30 Days (Login to change)
       
 
    
 CTI Industries Corp.  and   Electrotherm India Ltd.
Check Correlation Matrix  
Daily Returns (%)
CTIB  ELETHERB  
Timeline
Given investment horizon of 30 days, CTI Industries Corporation is expected to generate 0.37 times more return on investment than Electrotherm. However, CTI Industries Corporation is 2.68 times less risky than Electrotherm. It trades about 0.02 of its potential returns per unit of risk. Electrotherm India Ltd. is currently generating about -0.35 per unit of risk. If you would invest 485.00 in CTI Industries Corporation on April 25, 2012 and sell it today you would earn a total of 1.00 from holding CTI Industries Corporation or generate 0.21% return on investment over 30 days.

Diversification

Excellent diversification
Overlapping area represents amount of risk that can be diversified away by holding CTI Industries Corp. and Electrotherm India Ltd. in the same portfolio (assuming nothing else is changed)

Correlation Coefficient

-0.64
 Parameters
Time Period1 Month [change]
DirectionNegative CTIB Moved Down vs ELETHERB.BO
StrengthWeak
Accuracy71.43%
ValuesDaily Returns
    
Follow Correlation between CTIB and ELETHERB with your standard RSS feed, custom widget, or your favorite social app
Add To Reader
 
Add Correlation between CTIB and ELETHERB to your reader
 
Get social with Correlation between CTIB and ELETHERB
 Share Correlation between CTIB and ELETHERB 
Share Share Correlation between CTIB and ELETHERB
    
    
 
       
Predicted Return Density
Expected Daily Returns   
CTIB  ELETHERB  

CTI Industries Corporation

 
    
    
CTI Industri
Performance
0
Out Of
100
Over 30
Days
Over the last 30 days CTI Industries Corporation has generated negative risk-adjusted returns adding no value to investors with long positions.
    
    
Carlisle Companies Inc. vs. CTI Industries Corporation
Goodyear Tire & Rubber vs. CTI Industries Corporation
Titan International Inc. vs. CTI Industries Corporation
Cooper Tire & Rubber vs. CTI Industries Corporation
Rogers Corporation vs. CTI Industries Corporation
Myers Industries Inc. vs. CTI Industries Corporation
  

Electrotherm India Ltd.

 
    
    
Electrotherm
Performance
0
Out Of
100
Over 30
Days
Over the last 30 days Electrotherm India Ltd. has generated negative risk-adjusted returns adding no value to investors with long positions.
    
    
Precision Castparts Corporation vs. Electrotherm India Ltd.
Shree Global Tradefin Limited vs. Electrotherm India Ltd.
Allegheny Technologies Inc. vs. Electrotherm India Ltd.
Reliance Steel & Aluminum vs. Electrotherm India Ltd.
ISMT Limited vs. Electrotherm India Ltd.
Valmont Industries Inc. vs. Electrotherm India Ltd.
       


 

 
Analytics
Investor Landscape
Efficient Frontier
Market Correlation
Risk and Return Analysis
Financial Content
Portfolio Projections
Portfolio Backtesting
Tools
FAQs
Retirement Optimizer
RSS and Mobile Access
Company Directory
Advisor Directory
Insider Directory
Wealth Management
About Us
About Macroaxis
Contact Us
Terms Of Use
Privacy Policy
Custom Reporting
Product Tour
More ROI Custom Reporting