Welcome to Macroaxis
Sign in to go to your portfolios
Don't have an account? Create It
  Macroaxis: Personalized Investing   The proven technology to invest wisely
Macroaxis Country Selector USA  Change      Macroaxis User Registration Register    Macroaxis User Login Sign In
   
  
 
US Market Closed: May 26, 19:05 PM 2012  
CNK RGC LGF DWA CKEC RENT 
 
 
  NYSE  7,534  18.032  Index Moved Down 



Processing
Collecting data for SCNWF and ELETHERB ...

Asset Comparison and Correlation

    
       
Investment horizon: 
30 Days (Login to change)
       
 
    
 Stream Communications Network   and   Electrotherm India Ltd.
Check Correlation Matrix  
Daily Returns (%)
SCNWF  ELETHERB  
Timeline
Assuming 30 trading days horizon, Stream Communications Network & Media Inc. is expected to generate 6.49 times more return on investment than Electrotherm. However, Stream is 6.49 times more volatile than Electrotherm India Ltd.. It trades about 0.13 of its potential returns per unit of risk. Electrotherm India Ltd. is currently generating about -0.35 per unit of risk. If you would invest 1.00 in Stream Communications Network & Media Inc. on April 26, 2012 and sell it today you would earn a total of 0.00 from holding Stream Communications Network & Media Inc. or generate 0.0% return on investment over 30 days.

Diversification

Significant diversification
Overlapping area represents amount of risk that can be diversified away by holding Stream Communications Network and Electrotherm India Ltd. in the same portfolio (assuming nothing else is changed)

Correlation Coefficient

0.01
 Parameters
Time Period1 Month [change]
DirectionPositive ELETHERB.BO Moved Up vs SCNWF.PK
StrengthInsignificant
Accuracy68.18%
ValuesDaily Returns
    
Follow Correlation between SCNWF and ELETHERB with your standard RSS feed, custom widget, or your favorite social app
Add To Reader
 
Add Correlation between SCNWF and ELETHERB to your reader
 
Get social with Correlation between SCNWF and ELETHERB
 Share Correlation between SCNWF and ELETHERB 
Share Share Correlation between SCNWF and ELETHERB
    
    
 
       
Predicted Return Density
Expected Daily Returns   
SCNWF  ELETHERB  

Stream Communications Network & Media In

 
    
    
Stream
Performance
5
Out Of
100
Over 30
Days
95% of all equities and portfolios perform better than Stream Communications Network & Media Inc.. Compared with the overall equity markets, risk-adjusted returns on investments in Stream Communications Network & Media Inc. are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days.
    
    
Federal National Mortgage Association vs. Stream Communications Network & Media Inc.
KDDI CORP vs. Stream Communications Network & Media Inc.
SK Innovation vs. Stream Communications Network & Media Inc.
A.P. M vs. Stream Communications Network & Media Inc.
Citigroup Inc. vs. Stream Communications Network & Media Inc.
AngloGold Ashanti Ltd. vs. Stream Communications Network & Media Inc.
  

Electrotherm India Ltd.

 
    
    
Electrotherm
Performance
0
Out Of
100
Over 30
Days
Over the last 30 days Electrotherm India Ltd. has generated negative risk-adjusted returns adding no value to investors with long positions.
    
    
Precision Castparts Corporation vs. Electrotherm India Ltd.
Shree Global Tradefin Limited vs. Electrotherm India Ltd.
Allegheny Technologies Inc. vs. Electrotherm India Ltd.
Reliance Steel & Aluminum vs. Electrotherm India Ltd.
ISMT Limited vs. Electrotherm India Ltd.
Valmont Industries Inc. vs. Electrotherm India Ltd.
       


 

 
Analytics
Investor Landscape
Efficient Frontier
Market Correlation
Risk and Return Analysis
Financial Content
Portfolio Projections
Portfolio Backtesting
Tools
FAQs
Retirement Optimizer
RSS and Mobile Access
Company Directory
Advisor Directory
Insider Directory
Wealth Management
About Us
About Macroaxis
Contact Us
Terms Of Use
Privacy Policy
Custom Reporting
Product Tour
More ROI Custom Reporting