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US Market Closed: May 26, 06:55 AM 2012  
JHLGX JRLGX JILGX JULGX JTLGX JBLGX 
 
 
  NYSE  7,534  18.032  Index Moved Down 



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Collecting data for GNBT and ELN ...

Asset Comparison and Correlation

    
       
Investment horizon: 
30 Days (Login to change)
       
 
    
 Generex Biotechnology Corp.  and   Elan Corp. plc
Check Correlation Matrix  
Daily Returns (%)
ELN  GNBT  
Timeline
Given investment horizon of 30 days, Generex Biotechnology Corporation is expected to under-perform the Elan. In addition to that, Generex is 1.49 times more volatile than Elan Corporation plc. It trades about -0.07 of its total potential returns per unit of risk. Elan Corporation plc is currently generating about 0.06 per unit of volatility. 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 good diversification
Overlapping area represents amount of risk that can be diversified away by holding Generex Biotechnology Corp. and Elan Corp. plc in the same portfolio (assuming nothing else is changed)

Correlation Coefficient

-0.29
 Parameters
Time Period1 Month [change]
DirectionNegative GNBT Moved Down vs ELN
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns
    
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Predicted Return Density
Expected Daily Returns   
ELN  GNBT  

Generex Biotechnology Corporation

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