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US Market Closed: May 26, 19:37 PM 2012  
KR CBD MRW SBRY SWY DEG 
 
 
  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   PIA High Yield Investor
Check Correlation Matrix  
Daily Returns (%)
SLXP  PHYSX  
Timeline
Given investment horizon of 30 days, Salix Pharmaceuticals Ltd. is expected to generate 11.06 times more return on investment than PIA High. However, Salix is 11.06 times more volatile than PIA High Yield Investor. It trades about 0.07 of its potential returns per unit of risk. PIA High Yield Investor is currently generating about -0.22 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

Modest diversification
Overlapping area represents amount of risk that can be diversified away by holding Salix Pharmaceuticals Ltd. and PIA High Yield Investor in the same portfolio (assuming nothing else is changed)

Correlation Coefficient

0.27
 Parameters
Time Period1 Month [change]
DirectionPositive PHYSX Moved Up vs SLXP
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns
    
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Predicted Return Density
Expected Daily Returns   
SLXP  PHYSX  

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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PIA High Yield Investor

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