Given investment horizon of 30 days, Delcath Systems Inc. is expected to under-perform the Elan. In addition to that, Delcath is 1.75 times more volatile than Elan Corporation plc. It trades about -0.17 of its total potential returns per unit of risk. Elan Corporation plc is currently generating about -0.12 per unit of volatility. If you would invest 1,385 in Elan Corporation plc on April 25, 2012 and sell it today you would lose (66.00) from holding Elan Corporation plc or give up 4.77% of portfolio value over 30 days.
Diversification
Modest diversification
Overlapping area represents amount of risk that can be diversified away by holding Delcath Systems Inc. and Elan Corp. plc in the same portfolio (assuming nothing else is changed)