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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 AllianceBern Equity Income B  vs   American Funds Washington Mutu
 Compare Fundamentals  
Daily Returns (%)
AUIBX   RWMGX   
 
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Assuming 30 trading days horizon, AllianceBern Equity Income B is expected to under-perform the American. In addition to that, AllianceBern is 1.08 times more volatile than American Funds Washington Mutual R6. It trades about -0.12 of its total potential returns per unit of risk. American Funds Washington Mutual R6 is currently generating about -0.09 per unit of volatility. If you would invest  3,661  in American Funds Washington Mutual R6 on May 18, 2013 and sell it today you would lose (66.00) from holding American Funds Washington Mutual R6 or give up 1.8% of portfolio value over 30 days.

Diversification

Almost no diversification
Overlapping area represents amount of risk that can be diversified away by holding AllianceBern Equity Income B and American Funds Washington Mutu in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.97
Parameters
Time Period1 Month [change]
DirectionPositive RWMGX Moved Up vs AUIBX
StrengthVery Strong
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
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Returns   
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AllianceBern Equity Income B

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

Match-ups for AllianceBern

American Funds Washington Mutual R2 vs. AllianceBern Equity Income B
American Funds Washington Mutual R3 vs. AllianceBern Equity Income B
American Funds Washington Mutual R5 vs. AllianceBern Equity Income B
American Funds Washington Mutual 529E vs. AllianceBern Equity Income B
American Funds Washington Mutual F1 vs. AllianceBern Equity Income B
American Funds Washington Mutual C vs. AllianceBern Equity Income B
American Funds Washington Mutual 529F vs. AllianceBern Equity Income B
American Funds Washington Mutual 529B vs. AllianceBern Equity Income B
American Funds Washington Mutual A vs. AllianceBern Equity Income B
American Funds Washington Mutual R4 vs. AllianceBern Equity Income B
  

American Funds Washington Mutual R6

 
    
American
Performance
0
Out Of
100
Over 30
Days
Over the last 30 days American Funds Washington Mutual R6 has generated negative risk-adjusted returns adding no value to investors with long positions.
    

Match-ups for American

American Funds Washington Mutual R2 vs. American Funds Washington Mutual R6
American Funds Washington Mutual R3 vs. American Funds Washington Mutual R6
American Funds Washington Mutual R5 vs. American Funds Washington Mutual R6
American Funds Washington Mutual 529E vs. American Funds Washington Mutual R6
American Funds Washington Mutual F1 vs. American Funds Washington Mutual R6
American Funds Washington Mutual C vs. American Funds Washington Mutual R6
American Funds Washington Mutual 529F vs. American Funds Washington Mutual R6
American Funds Washington Mutual 529B vs. American Funds Washington Mutual R6
American Funds Washington Mutual A vs. American Funds Washington Mutual R6
American Funds Washington Mutual R4 vs. American Funds Washington Mutual R6


 
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