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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 First Advantage Bancorp.  vs   Daiwa Associate Holdings Ltd.
 Compare Fundamentals  
Daily Returns (%)
FABK   1037   
 
Given investment horizon of 30 days, First Advantage Bancorp is expected to generate 1.24 times more return on investment than Daiwa. However, First is 1.24 times more volatile than Daiwa Associate Holdings Ltd. It trades about -0.04 of its potential returns per unit of risk. Daiwa Associate Holdings Ltd is currently generating about -0.24 per unit of risk. If you would invest  1,126  in First Advantage Bancorp on April 19, 2013 and sell it today you would earn a total of  99.00  from holding First Advantage Bancorp or generate 8.79% return on investment over 30 days.

Diversification

Good diversification
Overlapping area represents amount of risk that can be diversified away by holding First Advantage Bancorp. and Daiwa Associate Holdings Ltd. in the same portfolio assuming nothing else is changed

Correlation Coefficient

-0.01
Parameters
Time Period1 Month [change]
DirectionNegative FABK Moved Down vs 1037.HK
StrengthInsignificant
Accuracy85.71%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
FABK   1037   

First Advantage Bancorp

 
    
First
Performance
0
Out Of
100
Over 30
Days
Over the last 30 days First Advantage Bancorp has generated negative risk-adjusted returns adding no value to investors with long positions.
    

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Daiwa Associate Holdings Ltd

 
    
Daiwa
Performance
0
Out Of
100
Over 30
Days
Over the last 30 days Daiwa Associate Holdings Ltd has generated negative risk-adjusted returns adding no value to investors with long positions.
    

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