Technology Review - Kalengo

I have recently been playing around with a portfolio analysis site called Kalengo (kalengo).  Essentially what this site does is serve as a portfolio analysis platform for investors.  The site is free and has some pretty interesting features.

Asset Correlation Analysis:  Based on user inputs of tickers, or loading in a portfolio that the user has created, the site will calculate asset correlations versus indices.  Here's a screenshot with some random tickers I selected:

Portfolio Optimization (assuming you place value in the efficient frontier):  This feature takes your existing portfolio and your risk/return expectations (or it loads in its own) and optimizes the portfolio so that it will fall on the efficient frontier.

Then we can move on to risk profile of the portfolio.The risk analysis looks at VAR, historical return and Sharpe ration, volatility and Beta.  This is an interesting approach as many sites won't calculate the VAR (as, to a degree, its assumptions can be questioned).  I have to look further into the algorithms to see how its calculated.

Finally, there is a returns based style analysis, which breaks your portfolio down into allocations by style:

The site also allows people to follow your portfolio positions (if you allow it) and allows you to follow others.

All in all, I think this is a handy site that might be helpful to investors as they look at re-balancing their portfolios or adding additional securities.  I especially like the correlation data.

I would love to hear thoughts on the site as to shortfalls, likes and dislikes.

***I have no connection with or economic/financial interest in this site and no incentive to review it other than the dissemination of things I find interesting.