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SP 500   1,655   13.81  Index Moved Down -0.83%
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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 Mellanox Technologies Ltd.  vs   NYSE
Check Correlation Matrix  
Daily Returns (%)
NYA   MLNX   
 
Given investment horizon of 30 days, Mellanox Technologies Ltd is expected to under-perform the NYSE. In addition to that, Mellanox is 6.05 times more volatile than NYSE. It trades about -0.16 of its total potential returns per unit of risk. NYSE is currently generating about 0.45 per unit of volatility. If you would invest  914,645  in NYSE on April 23, 2013 and sell it today you would earn a total of  45,182  from holding NYSE or generate 4.94% return on investment over 30 days.

Diversification

Good diversification
Overlapping area represents amount of risk that can be diversified away by holding Mellanox Technologies Ltd. and NYSE in the same portfolio assuming nothing else is changed

Correlation Coefficient

-0.07
Parameters
Time Period1 Month [change]
DirectionNegative MLNX Moved Down vs ^NYA
StrengthInsignificant
Accuracy95.45%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
NYA   MLNX   

Mellanox Technologies Ltd

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

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NYSE

 
    
NYSE
Performance
24
Out Of
100
Over 30
Days
    

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