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US Market Closed: May 26, 08:33 AM 2012  
FNMFO KDDIF 096770 AMKBF CTGBZ AU 
 
 
  NYSE  7,534  18.032  Index Moved Down 



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Collecting data for GOOG and ABHFX ...

Asset Comparison and Correlation

    
       
Investment horizon: 
30 Days (Login to change)
       
 
    
 Google Inc.  and   American Funds HiInc Muni Bond
Check Correlation Matrix  
Daily Returns (%)
GOOG  ABHFX  
Timeline
Given investment horizon of 30 days, Google Inc. is expected to under-perform the American. In addition to that, Google is 20.38 times more volatile than American Funds HiInc Muni Bond F1. It trades about -0.1 of its total potential returns per unit of risk. American Funds HiInc Muni Bond F1 is currently generating about 0.5 per unit of volatility. If you would invest 1,471 in American Funds HiInc Muni Bond F1 on April 26, 2012 and sell it today you would earn a total of 13.00 from holding American Funds HiInc Muni Bond F1 or generate 0.88% return on investment over 30 days.

Diversification

Good diversification
Overlapping area represents amount of risk that can be diversified away by holding Google Inc. and American Funds HiInc Muni Bond in the same portfolio (assuming nothing else is changed)

Correlation Coefficient

-0.12
 Parameters
Time Period1 Month [change]
DirectionNegative GOOG Moved Down vs ABHFX
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns
    
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 Share Correlation between GOOG and ABHFX 
Share Share Correlation between GOOG and ABHFX
    
    
 
       
Predicted Return Density
Expected Daily Returns   
GOOG  ABHFX  

Google Inc.

 
    
    
Google
Performance
0
Out Of
100
Over 30
Days
Over the last 30 days Google Inc. has generated negative risk-adjusted returns adding no value to investors with long positions.
    
    
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American Funds HiInc Muni Bond F1

 
    
    
American
Performance
22
Out Of
100
Over 30
Days
78% of all equities and portfolios perform better than American Funds HiInc Muni Bond F1. Compared with the overall equity markets, risk-adjusted returns on investments in American Funds HiInc Muni Bond F1 are ranked lower than 22 (%) of all global equities and portfolios over the last 30 days.
    
    
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Nuveen High Yield Municipal Bond B vs. American Funds HiInc Muni Bond F1
Nuveen High Yield Municipal Bond A vs. American Funds HiInc Muni Bond F1
       


 

 
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