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US Market Closed: May 26, 06:50 AM 2012  
FNMFO KDDIF 096770 AMKBF CTGBZ AU 
 
 
  NYSE  7,534  18.032  Index Moved Down 



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Collecting data for GMRINDS and ONMOBILE ...

Asset Comparison and Correlation

    
       
Investment horizon: 
30 Days (Login to change)
       
 
    
 GMR INDUSTRIES INR10  and   OnMobile Global Ltd.
Check Correlation Matrix  
Daily Returns (%)
GMRINDS  ONMOBILE  
Timeline
Assuming 30 trading days horizon, GMR INDUSTRIES INR10 is expected to generate 1.72 times more return on investment than OnMobile. However, GMR INDUSTRI is 1.72 times more volatile than OnMobile Global Ltd.. It trades about -0.04 of its potential returns per unit of risk. OnMobile Global Ltd. is currently generating about -0.26 per unit of risk. If you would invest 6,425 in GMR INDUSTRIES INR10 on April 26, 2012 and sell it today you would lose (135.00) from holding GMR INDUSTRIES INR10 or give up 2.1% of portfolio value over 30 days.

Diversification

Good diversification
Overlapping area represents amount of risk that can be diversified away by holding GMR INDUSTRIES INR10 and OnMobile Global Ltd. in the same portfolio (assuming nothing else is changed)

Correlation Coefficient

-0.03
 Parameters
Time Period1 Month [change]
DirectionNegative GMRINDS.BO Moved Down vs ONMOBILE.BO
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns
    
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Predicted Return Density
Expected Daily Returns   
GMRINDS  ONMOBILE  

GMR INDUSTRIES INR10

 
    
    
GMR INDUSTRI
Performance
0
Out Of
100
Over 30
Days
Over the last 30 days GMR INDUSTRIES INR10 has generated negative risk-adjusted returns adding no value to investors with long positions.
    
    
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OnMobile Global Ltd.

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