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US Market Closed: May 26, 22:30 PM 2012  
 
 
  NYSE  7,534  18.032  Index Moved Down 



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Collecting data for UBS and PATELENG ...

Asset Comparison and Correlation

    
       
Investment horizon: 
30 Days (Login to change)
       
 
    
 UBS AG  and   Patel Engineering Ltd.
Check Correlation Matrix  
Daily Returns (%)
PATELENG  UBS  
Timeline
Considering 30-days investment horizon, UBS AG is expected to generate 0.72 times more return on investment than Patel. However, UBS AG is 1.38 times less risky than Patel. It trades about -0.21 of its potential returns per unit of risk. Patel Engineering Ltd. is currently generating about -0.53 per unit of risk. If you would invest 1,270 in UBS AG on April 26, 2012 and sell it today you would lose (114.00) from holding UBS AG or give up 8.98% of portfolio value over 30 days.

Diversification

Very good diversification
Overlapping area represents amount of risk that can be diversified away by holding UBS AG and Patel Engineering Ltd. in the same portfolio (assuming nothing else is changed)

Correlation Coefficient

-0.26
 Parameters
Time Period1 Month [change]
DirectionNegative UBS Moved Down vs PATELENG.NS
StrengthInsignificant
Accuracy86.36%
ValuesDaily Returns
    
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Predicted Return Density
Expected Daily Returns   
PATELENG  UBS  

UBS AG

 
    
    
UBS AG
Performance
0
Out Of
100
Over 30
Days
Over the last 30 days UBS AG has generated negative risk-adjusted returns adding no value to investors with long positions.
    
    
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Patel Engineering Ltd.

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