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Benchmark SP 500  1,629   22.88  Index Moved Down -1.39% United States ...


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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 Unico American Corp.  vs   JMP Group Inc.
 Compare Fundamentals  
Daily Returns (%)
UNAM   JMP   
 
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Given investment horizon of 30 days, Unico American Corp is expected to generate 0.83 times more return on investment than JP Morgan. However, Unico American Corp is 1.2 times less risky than JP Morgan. It trades about -0.09 of its potential returns per unit of risk. JMP Group Inc is currently generating about -0.12 per unit of risk. If you would invest  1,329  in Unico American Corp on May 20, 2013 and sell it today you would lose (29.00) from holding Unico American Corp or give up 2.18% of portfolio value over 30 days.

Diversification

Very good diversification
Overlapping area represents amount of risk that can be diversified away by holding Unico American Corp. and JMP Group Inc. in the same portfolio assuming nothing else is changed

Correlation Coefficient

-0.28
Parameters
Time Period1 Month [change]
DirectionNegative UNAM Moved Down vs JMP
StrengthInsignificant
Accuracy76.19%
ValuesDaily Returns
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Predicted Return Density
 
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Returns   
UNAM   JMP   

Unico American Corp

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

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JMP Group Inc

 
    
JP Morgan
Performance
0
Out Of
100
Over 30
Days
Over the last 30 days JMP Group Inc has generated negative risk-adjusted returns adding no value to investors with long positions.
    

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