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US Market Closed: May 26, 22:36 PM 2012  
 
 
  NYSE  7,534  18.032  Index Moved Down 



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Collecting data for UGNE and NATHPUL ...

Asset Comparison and Correlation

    
       
Investment horizon: 
30 Days (Login to change)
       
 
    
 Unigene Laboratories Inc.  and   Nath Pulp & Paper Mills Ltd.
Check Correlation Matrix  
Daily Returns (%)
UGNE  NATHPUL  
Timeline
Assuming 30 trading days horizon, Unigene Laboratories Inc. is expected to under-perform the Nath. In addition to that, Unigene is 2.26 times more volatile than Nath Pulp & Paper Mills Ltd.. It trades about -0.17 of its total potential returns per unit of risk. Nath Pulp & Paper Mills Ltd. is currently generating about -0.04 per unit of volatility. If you would invest 299.00 in Nath Pulp & Paper Mills Ltd. on April 26, 2012 and sell it today you would lose (32.00) from holding Nath Pulp & Paper Mills Ltd. or give up 10.7% of portfolio value over 30 days.

Diversification

Significant diversification
Overlapping area represents amount of risk that can be diversified away by holding Unigene Laboratories Inc. and Nath Pulp & Paper Mills Ltd. in the same portfolio (assuming nothing else is changed)

Correlation Coefficient

0.06
 Parameters
Time Period1 Month [change]
DirectionPositive NATHPUL.BO Moved Up vs UGNE.OB
StrengthInsignificant
Accuracy90.91%
ValuesDaily Returns
    
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Share Share Correlation between UGNE and NATHPUL
    
    
 
       
Predicted Return Density
Expected Daily Returns   
UGNE  NATHPUL  

Unigene Laboratories Inc.

 
    
    
Unigene
Performance
0
Out Of
100
Over 30
Days
Over the last 30 days Unigene Laboratories Inc. has generated negative risk-adjusted returns adding no value to investors with long positions.
    
    
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Nath Pulp & Paper Mills Ltd.

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