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 2,567 in Vanguard Inflation Protected Secs Adm on October 21, 2017 and sell it today you would earn a total of 18 from holding Vanguard Inflation Protected Secs Adm or generate 0.7% return on investment over 30 days.
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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.
Compared to the overall equity markets, risk-adjusted returns on investments in Vanguard Inflation Protected Secs Adm are ranked lower than 11 (%) of all global equities and portfolios over the last 30 days.