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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 American Funds Inc Fund of Ame  vs   Fidelity Advisor Asset Manager
 Compare Fundamentals  
Daily Returns (%)
FCASX   RIDGX   
 
Assuming 30 trading days horizon, American is expected to generate 1.26 times less return on investment than Fidelity. In addition to that, American is 1.05 times more volatile than Fidelity Advisor Asset Manager 70 C. It trades about 0.49 of its total potential returns per unit of risk. Fidelity Advisor Asset Manager 70 C is currently generating about 0.65 per unit of volatility. If you would invest  1,830  in Fidelity Advisor Asset Manager 70 C on April 21, 2013 and sell it today you would earn a total of  77.00  from holding Fidelity Advisor Asset Manager 70 C or generate 4.21% 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 Fidelity Advisor Asset Manager in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.73
Parameters
Time Period1 Month [change]
DirectionPositive FCASX Moved Up vs RIDGX
StrengthSignificant
Accuracy95.24%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
FCASX   RIDGX   

American Funds Inc Fund of Amer R6

 
    
American
Performance
26
Out Of
100
Over 30
Days
74% of all equities and portfolios perform better than American Funds Inc Fund of Amer R6. Compared with the overall equity markets, risk-adjusted returns on investments in American Funds Inc Fund of Amer R6 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 R6
American Funds Inc Fund of Amer R4 vs. American Funds Inc Fund of Amer R6
American Funds Inc Fund of Amer R1 vs. American Funds Inc Fund of Amer R6
American Funds Inc Fund of Amer R3 vs. American Funds Inc Fund of Amer R6
American Funds Inc Fund of Amer 529A vs. American Funds Inc Fund of Amer R6
American Funds Inc Fund of Amer 529B vs. American Funds Inc Fund of Amer R6
American Funds Inc Fund of Amer C vs. American Funds Inc Fund of Amer R6
American Funds Inc Fund of Amer 529F1 vs. American Funds Inc Fund of Amer R6
American Funds Inc Fund of Amer B vs. American Funds Inc Fund of Amer R6
  

Fidelity Advisor Asset Manager 70 C

 
    
Fidelity
Performance
34
Out Of
100
Over 30
Days
66% of all equities and portfolios perform better than Fidelity Advisor Asset Manager 70 C. Compared with the overall equity markets, risk-adjusted returns on investments in Fidelity Advisor Asset Manager 70 C are ranked lower than 34 (%) of all global equities and portfolios over the last 30 days.
    

Match ups for Fidelity

American Funds Inc Fund of Amer F2 vs. Fidelity Advisor Asset Manager 70 C
American Funds Inc Fund of Amer R4 vs. Fidelity Advisor Asset Manager 70 C
American Funds Inc Fund of Amer R6 vs. Fidelity Advisor Asset Manager 70 C
American Funds Inc Fund of Amer R1 vs. Fidelity Advisor Asset Manager 70 C
American Funds Inc Fund of Amer R3 vs. Fidelity Advisor Asset Manager 70 C
American Funds Inc Fund of Amer 529A vs. Fidelity Advisor Asset Manager 70 C
American Funds Inc Fund of Amer 529B vs. Fidelity Advisor Asset Manager 70 C
American Funds Inc Fund of Amer C vs. Fidelity Advisor Asset Manager 70 C
American Funds Inc Fund of Amer 529F1 vs. Fidelity Advisor Asset Manager 70 C
American Funds Inc Fund of Amer B vs. Fidelity Advisor Asset Manager 70 C


 
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