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
   
  
 
US Market Closed: May 26, 03:56 AM 2012  
PTTDX PTTRX PTTCX PTRAX PTRRX PTTAX 
 
 
  NYSE  7,534  18.032  Index Moved Down 



Processing
Collecting data for FLML and ELN ...

Asset Comparison and Correlation

    
       
Investment horizon: 
30 Days (Login to change)
       
 
    
 Flamel Technologies SA  and   Elan Corp. plc
Check Correlation Matrix  
Daily Returns (%)
FLML  ELN  
Timeline
Given investment horizon of 30 days, Flamel Technologies SA is expected to under-perform the Elan. But the stock apears to be less risky and, when comparing its historical volatility, Flamel Technologies SA is 1.49 times less risky than Elan. The stock trades about -0.54 of its potential returns per unit of risk. The Elan Corporation plc is currently generating about 0.06 of returns per unit of risk over similar time horizon. 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

Average diversification
Overlapping area represents amount of risk that can be diversified away by holding Flamel Technologies SA and Elan Corp. plc in the same portfolio (assuming nothing else is changed)

Correlation Coefficient

0.18
 Parameters
Time Period1 Month [change]
DirectionPositive ELN Moved Up vs FLML
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns
    
Follow Correlation between FLML and ELN with your standard RSS feed, custom widget, or your favorite social app
Add To Reader
 
Add Correlation between FLML and ELN to your reader
 
Get social with Correlation between FLML and ELN
 Share Correlation between FLML and ELN 
Share Share Correlation between FLML and ELN
    
    
 
       
Predicted Return Density
Expected Daily Returns   
FLML  ELN  

Flamel Technologies SA

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

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
       


 

 
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