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Collecting data for HNSN and ^AORD ...

Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 Hansen Medical Inc.  vs   All Ords
Check Correlation Matrix  
Daily Returns (%)
AORD   HNSN   
 
Given investment horizon of 30 days, Hansen Medical Inc is expected to under-perform the All Ords. In addition to that, Hansen is 7.19 times more volatile than All Ords. It trades about -0.11 of its total potential returns per unit of risk. All Ords is currently generating about 0.37 per unit of volatility. If you would invest  500,260  in All Ords on April 21, 2013 and sell it today you would earn a total of  18,280  from holding All Ords or generate 3.65% return on investment over 30 days.

Diversification

Significant diversification
Overlapping area represents amount of risk that can be diversified away by holding Hansen Medical Inc. and All Ords in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.04
Parameters
Time Period1 Month [change]
DirectionPositive ^AORD Moved Up vs HNSN
StrengthInsignificant
Accuracy95.24%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
AORD   HNSN   

Hansen Medical Inc

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

Match ups for Hansen

Abbott Laboratories vs. Hansen Medical Inc
Medtronic Inc vs. Hansen Medical Inc
Stryker Corporation vs. Hansen Medical Inc
Intuitive Surgical Inc vs. Hansen Medical Inc
Zimmer Holdings Inc vs. Hansen Medical Inc
Boston Scientific Corporation vs. Hansen Medical Inc
St Jude Medical Inc vs. Hansen Medical Inc
Smith Nephew plc vs. Hansen Medical Inc
Edwards Lifesciences Corp vs. Hansen Medical Inc
Varian Medical Systems Inc vs. Hansen Medical Inc
  

All Ords

 
    
All Ords
Performance
19
Out Of
100
Over 30
Days
    

Match ups for All Ords

Camco Financial Corp vs. All Ords
Veolia Environnement SA vs. All Ords
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Desarrolladora Homex SAB de CV vs. All Ords
CalAmp Corp vs. All Ords
Auburn National Bancorporation Inc vs. All Ords


 
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