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FNMFO FNMFO 096770 KDDIF Insurance Recycling Iron Cars 
Benchmark SP 500  1,629   22.88  Index Moved Down -1.39% United States ...


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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 USAA First Start Growth  vs   Fidelity Advisor Leveraged Co
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Daily Returns (%)
UFSGX   FLVIX   
 
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Assuming 30 trading days horizon, USAA First Start Growth is expected to under-perform the Fidelity. But the fund apears to be less risky and, when comparing its historical volatility, USAA First Start Growth is 1.39 times less risky than Fidelity. The fund trades about -0.15 of its potential returns per unit of risk. The Fidelity Advisor Leveraged Co Stk I is currently generating about 0.01 of returns per unit of risk over similar time horizon. If you would invest  4,746  in Fidelity Advisor Leveraged Co Stk I on May 20, 2013 and sell it today you would earn a total of  15.00  from holding Fidelity Advisor Leveraged Co Stk I or generate 0.32% return on investment over 30 days.

Diversification

Almost no diversification
Overlapping area represents amount of risk that can be diversified away by holding USAA First Start Growth and Fidelity Advisor Leveraged Co in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.94
Parameters
Time Period1 Month [change]
DirectionPositive FLVIX Moved Up vs UFSGX
StrengthVery Strong
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
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Returns   
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USAA First Start Growth

 
    
USAA
Performance
0
Out Of
100
Over 30
Days
Over the last 30 days USAA First Start Growth has generated negative risk-adjusted returns adding no value to investors with long positions.
    

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Fidelity Advisor Leveraged Co Stk I

 
    
Fidelity
Performance
0
Out Of
100
Over 30
Days
Over the last 30 days Fidelity Advisor Leveraged Co Stk I has generated negative risk-adjusted returns adding no value to investors with long positions.
    


 
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