Correlation Analysis Between GMFL and Vanguard Total

This module allows you to analyze existing cross correlation between GMFL and Vanguard Total Stock Market ETF. You can compare the effects of market volatilities on GMFL and Vanguard Total and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in GMFL with a short position of Vanguard Total. See also your portfolio center. Please also check ongoing floating volatility patterns of GMFL and Vanguard Total.
 Time Horizon     30 Days    Login   to change

GMFL  vs.  Vanguard Total Stock Market ET

 Performance (%) 

Pair Volatility

If you would invest  14,125  in Vanguard Total Stock Market ETF on May 19, 2018 and sell it today you would earn a total of  290.00  from holding Vanguard Total Stock Market ETF or generate 2.05% return on investment over 30 days.

Pair Corralation between GMFL and Vanguard Total

Time Period1 Month [change]
StrengthVery Weak
ValuesDaily Returns


Modest diversification

Overlapping area represents the amount of risk that can be diversified away by holding GMFL and Vanguard Total Stock Market ET in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Vanguard Total Stock and GMFL is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on GMFL are associated (or correlated) with Vanguard Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Vanguard Total Stock has no effect on the direction of GMFL i.e. GMFL and Vanguard Total go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

Risk-Adjusted Performance

Over the last 30 days GMFL has generated negative risk-adjusted returns adding no value to investors with long positions.
Vanguard Total Stock  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Vanguard Total Stock Market ETF are ranked lower than 12 (%) of all global equities and portfolios over the last 30 days.

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See also your portfolio center. Please also try Coins and Tokens Correlation module to utilize digital token correlation table to build portfolio of cryptocurrencies across multiple exchanges.