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US Market Closed: May 26, 17:00 PM 2012  
 
 
  NYSE  7,534  18.032  Index Moved Down 



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Collecting data for PATELENG and HPOL ...

Asset Comparison and Correlation

    
       
Investment horizon: 
30 Days (Login to change)
       
 
    
 Patel Engineering Ltd.  and   Harris Interactive Inc.
Check Correlation Matrix  
Daily Returns (%)
HPOL  PATELENG  
Timeline
Assuming 30 trading days horizon, Patel Engineering Ltd. is expected to under-perform the Harris. But the stock apears to be less risky and, when comparing its historical volatility, Patel Engineering Ltd. is 1.66 times less risky than Harris. The stock trades about -0.53 of its potential returns per unit of risk. The Harris Interactive Inc. is currently generating about -0.02 of returns per unit of risk over similar time horizon. If you would invest 122.00 in Harris Interactive Inc. on April 26, 2012 and sell it today you would lose (8.00) from holding Harris Interactive Inc. or give up 6.56% of portfolio value over 30 days.

Diversification

Very weak diversification
Overlapping area represents amount of risk that can be diversified away by holding Patel Engineering Ltd. and Harris Interactive Inc. in the same portfolio (assuming nothing else is changed)

Correlation Coefficient

0.47
 Parameters
Time Period1 Month [change]
DirectionPositive HPOL Moved Up vs PATELENG.NS
StrengthWeak
Accuracy86.36%
ValuesDaily Returns
    
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Share Share Correlation between PATELENG and HPOL
    
    
 
       
Predicted Return Density
Expected Daily Returns   
HPOL  PATELENG  

Patel Engineering Ltd.

 
    
    
Patel
Performance
0
Out Of
100
Over 30
Days
Over the last 30 days Patel Engineering Ltd. has generated negative risk-adjusted returns adding no value to investors with long positions.
    
    
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CHINA COMM CONS vs. Patel Engineering Ltd.
Lanco Infratech Ltd. vs. Patel Engineering Ltd.
Era Infra Engineering Ltd. vs. Patel Engineering Ltd.
  

Harris Interactive Inc.

 
    
    
Harris
Performance
0
Out Of
100
Over 30
Days
Over the last 30 days Harris Interactive Inc. has generated negative risk-adjusted returns adding no value to investors with long positions.
    
    
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Huron Consulting Group Inc. vs. Harris Interactive Inc.
       


 

 
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