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Correlation Between American Mutual and Vanguard Value

Analyzing existing cross correlation between American Mutual Fund Class F 2 and Vanguard Value Index Fd Admiral. You can compare the effects of market volatilities on American Mutual and Vanguard Value 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 Mutual with a short position of Vanguard Value. Check out your portfolio center. Please also check ongoing floating volatility patterns of American Mutual and Vanguard Value.

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Diversification Opportunities for American Mutual and Vanguard Value

American Mutual Fund Class F 2 diversification synergy
0.49
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<div class='circular--portrait-small' style='background:#999999;color: white;font-size:1.6em;padding-top: 6px;;'>VA</div>

Very weak diversification

The 3 months correlation between American and Vanguard is 0.49. Overlapping area represents the amount of risk that can be diversified away by holding American Mutual Fund Class F 2 and Vanguard Value Index Fd Admira in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Vanguard Value Index and American Mutual 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 Mutual Fund Class F 2 are associated (or correlated) with Vanguard Value. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Vanguard Value Index has no effect on the direction of American Mutual i.e. American Mutual and Vanguard Value go up and down completely randomly.

Pair Corralation between American Mutual and Vanguard Value

Assuming 30 trading days horizon, American Mutual is expected to generate 2.4 times less return on investment than Vanguard Value. But when comparing it to its historical volatility, American Mutual Fund Class F 2 is 1.06 times less risky than Vanguard Value. It trades about 0.02 of its potential returns per unit of risk. Vanguard Value Index Fd Admiral is currently generating about 0.05 of returns per unit of risk over similar time horizon. If you would invest  4,589  in Vanguard Value Index Fd Admiral on January 22, 2020 and sell it today you would earn a total of  109.00  from holding Vanguard Value Index Fd Admiral or generate 2.38% return on investment over 30 days.
Time Period3 Months [change]
DirectionMoves Together 
StrengthWeak
Accuracy100.0%
ValuesDaily Returns

American Mutual Fund Class F 2  vs.  Vanguard Value Index Fd Admira

 Performance (%) 
    
  Timeline 
American Mutual Fund 
11

Risk-Adjusted Fund Performance

Compared to the overall equity markets, risk-adjusted returns on investments in American Mutual Fund Class F 2 are ranked lower than 1 (%) of all funds and portfolios of funds over the last 30 days. Inspite fairly strong basic indicators, American Mutual is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
Vanguard Value Index 
33

Risk-Adjusted Fund Performance

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

American Mutual and Vanguard Value Volatility Contrast

 Predicted Return Density 
    
  Returns 
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