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US Market Closed: May 26, 14:27 PM 2012  
AU ABX GG NEM AUY BVN 
 
 
  NYSE  7,534  18.032  Index Moved Down 



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Collecting data for MGNS and ONMOBILE ...

Asset Comparison and Correlation

    
       
Investment horizon: 
30 Days (Login to change)
       
 
    
 Morgan Sindall Group PLC  and   OnMobile Global Ltd.
Check Correlation Matrix  
Daily Returns (%)
MGNS  ONMOBILE  
Timeline
Assuming 30 trading days horizon, Morgan Sindall Group PLC is expected to generate 0.59 times more return on investment than OnMobile. However, Morgan Sindall Group PLC is 1.71 times less risky than OnMobile. It trades about -0.04 of its potential returns per unit of risk. OnMobile Global Ltd. is currently generating about -0.29 per unit of risk. If you would invest 67,950 in Morgan Sindall Group PLC on April 26, 2012 and sell it today you would lose (950) from holding Morgan Sindall Group PLC or give up 1.4% of portfolio value over 30 days.

Diversification

Very good diversification
Overlapping area represents amount of risk that can be diversified away by holding Morgan Sindall Group PLC and OnMobile Global Ltd. in the same portfolio (assuming nothing else is changed)

Correlation Coefficient

-0.43
 Parameters
Time Period1 Month [change]
DirectionNegative MGNS.L Moved Down vs ONMOBILE.BO
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns
    
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Predicted Return Density
Expected Daily Returns   
MGNS  ONMOBILE  

Morgan Sindall Group PLC

 
    
    
Morgan
Performance
0
Out Of
100
Over 30
Days
Over the last 30 days Morgan Sindall Group PLC 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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