Assuming 30 trading days horizon, Unigene Laboratories Inc. is expected to under-perform the IENERGIZER. In addition to that, Unigene is 14.11 times more volatile than IENERGIZER. It trades about -0.17 of its total potential returns per unit of risk. IENERGIZER is currently generating about -0.04 per unit of volatility. If you would invest 36,000 in IENERGIZER on April 26, 2012 and sell it today you would lose (250.00) from holding IENERGIZER or give up 0.69% of portfolio value over 30 days.
Diversification
Very good diversification
Overlapping area represents amount of risk that can be diversified away by holding Unigene Laboratories Inc. and IENERGIZER in the same portfolio (assuming nothing else is changed)