This module allows you to analyze existing cross correlation between Vanguard Inflation Protected Secs Adm and Fidelity Advisor Infl Prot Bond B. You can compare the effects of market volatilities on Vanguard Inflation and Fidelity Advisor 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 Vanguard Inflation with a short position of Fidelity Advisor. See also your portfolio center
. Please also check ongoing floating volatility patterns of Vanguard Inflation
and Fidelity Advisor
Vanguard Inflation Protected S vs Fidelity Advisor Infl Prot Bon
If you would invest 1,169 in Fidelity Advisor Infl Prot Bond B on August 27, 2017 and sell it today you would earn a total of 0.00 from holding Fidelity Advisor Infl Prot Bond B or generate 0.0% return on investment over 30 days.
|Time Period||1 Month [change]|
Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Inflation Protected S and Fidelity Advisor Infl Prot Bon in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Fidelity Advisor Infl and Vanguard Inflation 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 Vanguard Inflation Protected Secs Adm are associated (or correlated) with Fidelity Advisor. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Fidelity Advisor Infl has no effect on the direction of Vanguard Inflation i.e. Vanguard Inflation and Fidelity Advisor go up and down completely randomly.
Over the last 30 days Vanguard Inflation Protected Secs Adm has generated negative risk-adjusted returns adding no value to investors with long positions.