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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 American Funds Inc Fund of Ame  vs   Janus Balanced T
 Compare Fundamentals  
Daily Returns (%)
AMECX   JABAX   
 
Assuming 30 trading days horizon, American Funds Inc Fund of Amer A is expected to generate 1.07 times more return on investment than Janus. However, American is 1.07 times more volatile than Janus Balanced T. It trades about 0.5 of its potential returns per unit of risk. Janus Balanced T is currently generating about 0.43 per unit of risk. If you would invest  1,945  in American Funds Inc Fund of Amer A on April 23, 2013 and sell it today you would earn a total of  61.00  from holding American Funds Inc Fund of Amer A or generate 3.14% return on investment over 30 days.

Diversification

Poor diversification
Overlapping area represents amount of risk that can be diversified away by holding American Funds Inc Fund of Ame and Janus Balanced T in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.73
Parameters
Time Period1 Month [change]
DirectionPositive JABAX Moved Up vs AMECX
StrengthSignificant
Accuracy95.45%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
AMECX   JABAX   

American Funds Inc Fund of Amer A

 
    
American
Performance
26
Out Of
100
Over 30
Days
74% of all equities and portfolios perform better than American Funds Inc Fund of Amer A. Compared with the overall equity markets, risk-adjusted returns on investments in American Funds Inc Fund of Amer A are ranked lower than 26 (%) of all global equities and portfolios over the last 30 days.
    

Match ups for American

American Funds Inc Fund of Amer F2 vs. American Funds Inc Fund of Amer A
American Funds Inc Fund of Amer R4 vs. American Funds Inc Fund of Amer A
American Funds Inc Fund of Amer R6 vs. American Funds Inc Fund of Amer A
American Funds Inc Fund of Amer R1 vs. American Funds Inc Fund of Amer A
American Funds Inc Fund of Amer R3 vs. American Funds Inc Fund of Amer A
American Funds Inc Fund of Amer 529A vs. American Funds Inc Fund of Amer A
American Funds Inc Fund of Amer 529B vs. American Funds Inc Fund of Amer A
American Funds Inc Fund of Amer C vs. American Funds Inc Fund of Amer A
American Funds Inc Fund of Amer 529F1 vs. American Funds Inc Fund of Amer A
American Funds Inc Fund of Amer B vs. American Funds Inc Fund of Amer A
  

Janus Balanced T

 
    
Janus
Performance
23
Out Of
100
Over 30
Days
77% of all equities and portfolios perform better than Janus Balanced T. Compared with the overall equity markets, risk-adjusted returns on investments in Janus Balanced T are ranked lower than 23 (%) of all global equities and portfolios over the last 30 days.
    

Match ups for Janus

American Funds Inc Fund of Amer F2 vs. Janus Balanced T
American Funds Inc Fund of Amer R4 vs. Janus Balanced T
American Funds Inc Fund of Amer R6 vs. Janus Balanced T
American Funds Inc Fund of Amer R1 vs. Janus Balanced T
American Funds Inc Fund of Amer R3 vs. Janus Balanced T
American Funds Inc Fund of Amer 529A vs. Janus Balanced T
American Funds Inc Fund of Amer 529B vs. Janus Balanced T
American Funds Inc Fund of Amer C vs. Janus Balanced T
American Funds Inc Fund of Amer 529F1 vs. Janus Balanced T
American Funds Inc Fund of Amer B vs. Janus Balanced T


 
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