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Benchmark SP 500  1,652   12.77  Index Moved Up 0.78% United States ...


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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 VimpelCom Ltd.  vs   ArcelorMittal
 Compare Fundamentals  
Daily Returns (%)
VIP   MT   
 
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Considering 30-days investment horizon, VimpelCom Ltd is expected to generate 0.86 times more return on investment than ArcelorMittal. However, VimpelCom Ltd is 1.16 times less risky than ArcelorMittal. It trades about -0.13 of its potential returns per unit of risk. ArcelorMittal is currently generating about -0.21 per unit of risk. If you would invest  1,091  in VimpelCom Ltd on May 20, 2013 and sell it today you would lose (52.00) from holding VimpelCom Ltd or give up 4.77% of portfolio value over 30 days.

Diversification

Very weak diversification
Overlapping area represents amount of risk that can be diversified away by holding VimpelCom Ltd. and ArcelorMittal in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.4
Parameters
Time Period1 Month [change]
DirectionPositive MT Moved Up vs VIP
StrengthWeak
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
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Returns   
VIP   MT   

VimpelCom Ltd

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

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ArcelorMittal

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

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