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US Market Closed: May 26, 17:01 PM 2012  
 
 
  NYSE  7,534  18.032  Index Moved Down 



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Collecting data for PATELENG and JAG ...

Asset Comparison and Correlation

    
       
Investment horizon: 
30 Days (Login to change)
       
 
    
 Patel Engineering Ltd.  and   Jaguar Mining Inc.
Check Correlation Matrix  
Daily Returns (%)
PATELENG  JAG  
Timeline
Assuming 30 trading days horizon, Patel Engineering Ltd. is expected to generate 0.27 times more return on investment than Jaguar. However, Patel Engineering Ltd. is 3.74 times less risky than Jaguar. It trades about -0.53 of its potential returns per unit of risk. Jaguar Mining Inc. is currently generating about -0.32 per unit of risk. If you would invest 10,400 in Patel Engineering Ltd. on April 26, 2012 and sell it today you would lose (2,100) from holding Patel Engineering Ltd. or give up 20.19% of portfolio value over 30 days.

Diversification

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

Correlation Coefficient

0.25
 Parameters
Time Period1 Month [change]
DirectionPositive JAG Moved Up vs PATELENG.NS
StrengthVery Weak
Accuracy86.36%
ValuesDaily Returns
    
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Predicted Return Density
Expected Daily Returns   
PATELENG  JAG  

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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Jaguar Mining Inc.

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