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Benchmark SP 500  1,639   12.31  Index Moved Up 0.76% United States ...


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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 SGS SA  vs   Orexo AB
 Compare Fundamentals  
Daily Returns (%)
SGSOF   ORX   
 
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Assuming 30 trading days horizon, SGS SA is expected to under-perform the Orexo. In addition to that, SGS SA is 1.27 times more volatile than Orexo AB. It trades about -0.24 of its total potential returns per unit of risk. Orexo AB is currently generating about 0.07 per unit of volatility. If you would invest  5,700  in Orexo AB on May 19, 2013 and sell it today you would earn a total of  100.00  from holding Orexo AB or generate 1.75% return on investment over 30 days.

Diversification

Very weak diversification
Overlapping area represents amount of risk that can be diversified away by holding SGS SA and Orexo AB in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.53
Parameters
Time Period1 Month [change]
DirectionPositive ORX.ST Moved Up vs SGSOF.PK
StrengthWeak
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
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Returns   
SGSOF   ORX   

SGS SA

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

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Orexo AB

 
    
Orexo
Performance
3
Out Of
100
Over 30
Days
97% of all equities and portfolios perform better than Orexo AB. Compared with the overall equity markets, risk-adjusted returns on investments in Orexo AB are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days.
    


 
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