Correlation Analysis Between American Beacon and JPMorgan Mid

Analyzing existing cross correlation between American Beacon Mid Cap Value F and JPMorgan Mid Cap Value Fund Cla. You can compare the effects of market volatilities on American Beacon and JPMorgan Mid 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 American Beacon with a short position of JPMorgan Mid. See also your portfolio center. Please also check ongoing floating volatility patterns of American Beacon and JPMorgan Mid.
Horizon     30 Days    Login   to change
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Comparative Performance

American Beacon Mid  
33

Risk-Adjusted Fund Performance

Compared to the overall equity markets, risk-adjusted returns on investments in American Beacon Mid Cap Value F are ranked lower than 3 (%) of all funds and portfolios of funds over the last 30 days. Inspite fairly strong basic indicators, American Beacon is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
JPMorgan Mid Cap  
00

Risk-Adjusted Fund Performance

Over the last 30 days JPMorgan Mid Cap Value Fund Cla has generated negative risk-adjusted returns adding no value to fund investors. Inspite fairly strong basic indicators, JPMorgan Mid is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.

American Beacon and JPMorgan Mid Volatility Contrast

 Predicted Return Density 
    
  Returns 

American Beacon Mid Cap Value   vs.  JPMorgan Mid Cap Value Fund Cl

 Performance (%) 
    
  Timeline 

Pair Volatility

Assuming 30 trading days horizon, American Beacon Mid Cap Value F is expected to generate 1.19 times more return on investment than JPMorgan Mid. However, American Beacon is 1.19 times more volatile than JPMorgan Mid Cap Value Fund Cla. It trades about 0.05 of its potential returns per unit of risk. JPMorgan Mid Cap Value Fund Cla is currently generating about -0.04 per unit of risk. If you would invest  1,556  in American Beacon Mid Cap Value F on December 26, 2019 and sell it today you would earn a total of  46.00  from holding American Beacon Mid Cap Value F or generate 2.96% return on investment over 30 days.

Pair Corralation between American Beacon and JPMorgan Mid

-0.39
Time Period3 Months [change]
DirectionNegative 
StrengthInsignificant
Accuracy78.75%
ValuesDaily Returns

Diversification Opportunities for American Beacon and JPMorgan Mid

American Beacon Mid Cap Value  diversification synergy

Very good diversification

Overlapping area represents the amount of risk that can be diversified away by holding American Beacon Mid Cap Value and JPMorgan Mid Cap Value Fund Cl in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on JPMorgan Mid Cap and American Beacon 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 American Beacon Mid Cap Value F are associated (or correlated) with JPMorgan Mid. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of JPMorgan Mid Cap has no effect on the direction of American Beacon i.e. American Beacon and JPMorgan Mid go up and down completely randomly.
See also your portfolio center. Please also try Market Hitters module to find equities that experience drastic asymmetry in trading patters, price, volume, or investment outlook..