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US Market Closed: May 26, 19:37 PM 2012  
FCX SLT ILU OZL PNA SFR 
 
 
  NYSE  7,534  18.032  Index Moved Down 



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Asset Comparison and Correlation

    
       
Investment horizon: 
30 Days (Login to change)
       
 
    
 Salix Pharmaceuticals Ltd.  and   MassMutual Select Dest Retire
Check Correlation Matrix  
Daily Returns (%)
SLXP  MMLIX  
Timeline
Given investment horizon of 30 days, Salix Pharmaceuticals Ltd. is expected to generate 2.84 times more return on investment than MassMutual. However, Salix is 2.84 times more volatile than MassMutual Select Dest Retire 2025 L. It trades about 0.07 of its potential returns per unit of risk. MassMutual Select Dest Retire 2025 L is currently generating about -0.4 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

Weak diversification
Overlapping area represents amount of risk that can be diversified away by holding Salix Pharmaceuticals Ltd. and MassMutual Select Dest Retire in the same portfolio (assuming nothing else is changed)

Correlation Coefficient

0.36
 Parameters
Time Period1 Month [change]
DirectionPositive MMLIX Moved Up vs SLXP
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns
    
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Share Share Correlation between SLXP and MMLIX
    
    
 
       
Predicted Return Density
Expected Daily Returns   
SLXP  MMLIX  

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.
    
    
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MassMutual Select Dest Retire 2025 L

 
    
    
MassMutual
Performance
0
Out Of
100
Over 30
Days
Over the last 30 days MassMutual Select Dest Retire 2025 L has generated negative risk-adjusted returns adding no value to investors with long positions.
    
    
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