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
   



Processing
Collecting data for ELETHERB and SCNWF ...

Asset Comparison and Correlation

    
       
Investment horizon: 
30 Days (Login to change)
       
 
    
 Electrotherm India Ltd.  and   Stream Communications Network
Check Correlation Matrix  
Daily Returns (%)
SCNWF  ELETHERB  
Timeline
Assuming 30 trading days horizon, Electrotherm India Ltd. is expected to under-perform the Stream. But the stock apears to be less risky and, when comparing its historical volatility, Electrotherm India Ltd. is 6.49 times less risky than Stream. The stock trades about -0.35 of its potential returns per unit of risk. The Stream Communications Network & Media Inc. is currently generating about 0.13 of returns per unit of risk over similar time horizon. If you would invest 1.00 in Stream Communications Network & Media Inc. on April 26, 2012 and sell it today you would earn a total of 0.00 from holding Stream Communications Network & Media Inc. or generate 0.0% return on investment over 30 days.

Diversification

Significant diversification
Overlapping area represents amount of risk that can be diversified away by holding Electrotherm India Ltd. and Stream Communications Network in the same portfolio (assuming nothing else is changed)

Correlation Coefficient

0.01
 Parameters
Time Period1 Month [change]
DirectionPositive SCNWF.PK Moved Up vs ELETHERB.BO
StrengthInsignificant
Accuracy68.18%
ValuesDaily Returns
    
Follow Correlation between ELETHERB and SCNWF with your standard RSS feed, custom widget, or your favorite social app
Add To Reader
 
Add Correlation between ELETHERB and SCNWF to your reader
 
Get social with Correlation between ELETHERB and SCNWF
 Share Correlation between ELETHERB and SCNWF 
Share Share Correlation between ELETHERB and SCNWF
    
    
 
       
Predicted Return Density
Expected Daily Returns   
SCNWF  ELETHERB  

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.
  

Stream Communications Network & Media In

 
    
    
Stream
Performance
5
Out Of
100
Over 30
Days
95% of all equities and portfolios perform better than Stream Communications Network & Media Inc.. Compared with the overall equity markets, risk-adjusted returns on investments in Stream Communications Network & Media Inc. are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days.
    
    
Federal National Mortgage Association vs. Stream Communications Network & Media Inc.
KDDI CORP vs. Stream Communications Network & Media Inc.
SK Innovation vs. Stream Communications Network & Media Inc.
A.P. M vs. Stream Communications Network & Media Inc.
Citigroup Inc. vs. Stream Communications Network & Media Inc.
AngloGold Ashanti Ltd. vs. Stream Communications Network & Media Inc.
       


 

 
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