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US Market Closed: May 26, 19:37 PM 2012  
FNMFO KDDIF 096770 AMKBF CTGBZ AU 
 
 
  NYSE  7,534  18.032  Index Moved Down 



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Collecting data for SLXP and ISBC ...

Asset Comparison and Correlation

    
       
Investment horizon: 
30 Days (Login to change)
       
 
    
 Salix Pharmaceuticals Ltd.  and   Investors Bancorp Inc.
Check Correlation Matrix  
Daily Returns (%)
SLXP  ISBC  
Timeline
Given investment horizon of 30 days, Salix Pharmaceuticals Ltd. is expected to generate 2.62 times more return on investment than Investors. However, Salix is 2.62 times more volatile than Investors Bancorp Inc.. It trades about 0.07 of its potential returns per unit of risk. Investors Bancorp Inc. is currently generating about -0.16 per unit of risk. If you would invest 5,055 in Salix Pharmaceuticals Ltd. on April 26, 2012 and sell it today you would earn a total of 32.00 from holding Salix Pharmaceuticals Ltd. or generate 0.63% return on investment over 30 days.

Diversification

Very weak diversification
Overlapping area represents amount of risk that can be diversified away by holding Salix Pharmaceuticals Ltd. and Investors Bancorp Inc. in the same portfolio (assuming nothing else is changed)

Correlation Coefficient

0.51
 Parameters
Time Period1 Month [change]
DirectionPositive ISBC Moved Up vs SLXP
StrengthWeak
Accuracy100.0%
ValuesDaily Returns
    
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 Share Correlation between SLXP and ISBC 
Share Share Correlation between SLXP and ISBC
    
    
 
       
Predicted Return Density
Expected Daily Returns   
SLXP  ISBC  

Salix Pharmaceuticals Ltd.

 
    
    
Salix
Performance
3
Out Of
100
Over 30
Days
97% of all equities and portfolios perform better than Salix Pharmaceuticals Ltd.. Compared with the overall equity markets, risk-adjusted returns on investments in Salix Pharmaceuticals Ltd. are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days.
    
    
Mylan Inc. vs. Salix Pharmaceuticals Ltd.
Watson Pharmaceuticals Inc. vs. Salix Pharmaceuticals Ltd.
Medicis Pharmaceutical Corporation vs. Salix Pharmaceuticals Ltd.
Par Pharmaceutical Companies Inc. vs. Salix Pharmaceuticals Ltd.
Akorn Inc. vs. Salix Pharmaceuticals Ltd.
Hi Tech Pharmacal Inc. vs. Salix Pharmaceuticals Ltd.
  

Investors Bancorp Inc.

 
    
    
Investors
Performance
0
Out Of
100
Over 30
Days
Over the last 30 days Investors Bancorp Inc. has generated negative risk-adjusted returns adding no value to investors with long positions.
    
    
New York Community Bancorp Inc. vs. Investors Bancorp Inc.
Peoples United Financial Inc. vs. Investors Bancorp Inc.
Hudson City Bancorp Inc. vs. Investors Bancorp Inc.
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Ocwen Financial Corporation vs. Investors Bancorp Inc.
Capitol Federal Financial Inc. vs. Investors Bancorp Inc.
       


 

 
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