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US Market Closed: May 26, 16:45 PM 2012  
TRRDX RRTDX PARDX FFFFX VFORX FFKFX 
 
 
  NYSE  7,534  18.032  Index Moved Down 



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Collecting data for ONMOBILE and GMRINDS ...

Asset Comparison and Correlation

    
       
Investment horizon: 
30 Days (Login to change)
       
 
    
 OnMobile Global Ltd.  and   GMR INDUSTRIES INR10
Check Correlation Matrix  
Daily Returns (%)
GMRINDS  ONMOBILE  
Timeline
Assuming 30 trading days horizon, OnMobile Global Ltd. is expected to under-perform the GMR INDUSTRI. But the stock apears to be less risky and, when comparing its historical volatility, OnMobile Global Ltd. is 1.76 times less risky than GMR INDUSTRI. The stock trades about -0.29 of its potential returns per unit of risk. The GMR INDUSTRIES INR10 is currently generating about -0.04 of returns per unit of risk over similar time horizon. 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 OnMobile Global Ltd. and GMR INDUSTRIES INR10 in the same portfolio (assuming nothing else is changed)

Correlation Coefficient

-0.05
 Parameters
Time Period1 Month [change]
DirectionNegative ONMOBILE.BO Moved Down vs GMRINDS.BO
StrengthInsignificant
Accuracy94.44%
ValuesDaily Returns
    
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Predicted Return Density
Expected Daily Returns   
GMRINDS  ONMOBILE  

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.
    
    
Idea Cellular Ltd. vs. OnMobile Global Ltd.
China Mobile Limited vs. OnMobile Global Ltd.
Reliance Communications Limited vs. OnMobile Global Ltd.
America Movil S.A.B. de C.V. vs. OnMobile Global Ltd.
Tata Communications Ltd. vs. OnMobile Global Ltd.
China Unicom (Hong Kong) Limited vs. OnMobile Global Ltd.
  

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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