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US Market Closed: May 26, 02:50 AM 2012  
RZGE1 
 
 
  NYSE  7,534  18.032  Index Moved Down 



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Collecting data for ELN and INSV ...

Asset Comparison and Correlation

    
       
Investment horizon: 
30 Days (Login to change)
       
 
    
 Elan Corp. plc  and   Insite Vision Inc.
Check Correlation Matrix  
Daily Returns (%)
INSV  ELN  
Timeline
Considering 30-days investment horizon, Elan Corporation plc is expected to generate 0.68 times more return on investment than Insite. However, Elan Corporation plc is 1.47 times less risky than Insite. It trades about 0.06 of its potential returns per unit of risk. Insite Vision Inc. is currently generating about -0.01 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

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

Correlation Coefficient

0.03
 Parameters
Time Period1 Month [change]
DirectionPositive INSV.OB Moved Up vs ELN
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns
    
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Predicted Return Density
Expected Daily Returns   
INSV  ELN  

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
  

Insite Vision Inc.

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


 

 
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