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US Market Closed: May 26, 02:49 AM 2012  
MERFX ARBNX ARBFX GGHEX GAPOX CVSCX 
 
 
  NYSE  7,534  18.032  Index Moved Down 



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Collecting data for ELN and HSP ...

Asset Comparison and Correlation

    
       
Investment horizon: 
30 Days (Login to change)
       
 
    
 Elan Corp. plc  and   Hospira Inc.
Check Correlation Matrix  
Daily Returns (%)
ELN  HSP  
Timeline
Considering 30-days investment horizon, Elan Corporation plc is expected to generate 2.27 times more return on investment than Hospira. However, Elan is 2.27 times more volatile than Hospira Inc.. It trades about 0.06 of its potential returns per unit of risk. Hospira Inc. is currently generating about -0.26 per unit of risk. If you would invest 1,390 in Elan Corporation plc on April 26, 2012 and sell it today you would earn a total of 40.00 from holding Elan Corporation plc or generate 2.88% return on investment over 30 days.

Diversification

Very weak diversification
Overlapping area represents amount of risk that can be diversified away by holding Elan Corp. plc and Hospira Inc. in the same portfolio (assuming nothing else is changed)

Correlation Coefficient

0.43
 Parameters
Time Period1 Month [change]
DirectionPositive HSP Moved Up vs ELN
StrengthWeak
Accuracy100.0%
ValuesDaily Returns
    
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Share Share Correlation between ELN and HSP
    
    
 
       
Predicted Return Density
Expected Daily Returns   
ELN  HSP  

Elan Corporation plc

 
    
    
Elan
Performance
2
Out Of
100
Over 30
Days
98% of all equities and portfolios perform better than Elan Corporation plc. Compared with the overall equity markets, risk-adjusted returns on investments in Elan Corporation plc are ranked lower than 2 (%) of all global equities and portfolios over the last 30 days.
    
    
Valeant Pharmaceuticals International Inc. vs. Elan Corporation plc
Hospira Inc. vs. Elan Corporation plc
Alkermes Inc. vs. Elan Corporation plc
PetMed Express Inc. vs. Elan Corporation plc
Acura Pharmaceuticals Inc. vs. Elan Corporation plc
Flamel Technologies SA vs. Elan Corporation plc
  

Hospira Inc.

 
    
    
Hospira
Performance
0
Out Of
100
Over 30
Days
Over the last 30 days Hospira Inc. has generated negative risk-adjusted returns adding no value to investors with long positions.
    
    
Valeant Pharmaceuticals International Inc. vs. Hospira Inc.
Elan Corporation plc vs. Hospira Inc.
Alkermes Inc. vs. Hospira Inc.
PetMed Express Inc. vs. Hospira Inc.
Acura Pharmaceuticals Inc. vs. Hospira Inc.
Flamel Technologies SA vs. Hospira Inc.
       


 

 
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