Correlation Analysis Between American Mutual and Delaware Value

Analyzing existing cross correlation between American Mutual Fund Class 529 and Delaware Value Fund Class R6. You can compare the effects of market volatilities on American Mutual and Delaware 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 Delaware Value. See also your portfolio center. Please also check ongoing floating volatility patterns of American Mutual and Delaware Value.
Horizon     30 Days    Login   to change
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Comparative Performance

American Mutual Fund  
77

Risk-Adjusted Fund Performance

Compared to the overall equity markets, risk-adjusted returns on investments in American Mutual Fund Class 529 are ranked lower than 7 (%) 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.
Delaware Value Fund  
77

Risk-Adjusted Fund Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Delaware Value Fund Class R6 are ranked lower than 7 (%) of all funds and portfolios of funds over the last 30 days. Inspite fairly strong basic indicators, Delaware 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 Delaware Value Volatility Contrast

 Predicted Return Density 
    
  Returns 

American Mutual Fund Class 529  vs.  Delaware Value Fund Class R6

 Performance (%) 
    
  Timeline 

Pair Volatility

Assuming 30 trading days horizon, American Mutual is expected to generate 1.25 times less return on investment than Delaware Value. But when comparing it to its historical volatility, American Mutual Fund Class 529 is 1.17 times less risky than Delaware Value. It trades about 0.11 of its potential returns per unit of risk. Delaware Value Fund Class R6 is currently generating about 0.12 of returns per unit of risk over similar time horizon. If you would invest  2,163  in Delaware Value Fund Class R6 on December 20, 2019 and sell it today you would earn a total of  104.00  from holding Delaware Value Fund Class R6 or generate 4.81% return on investment over 30 days.

Pair Corralation between American Mutual and Delaware Value

0.84
Time Period3 Months [change]
DirectionPositive 
StrengthStrong
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for American Mutual and Delaware Value

American Mutual Fund Class 529 diversification synergy

Very poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding American Mutual Fund Class 529 and Delaware Value Fund Class R6 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Delaware Value Fund 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 529 are associated (or correlated) with Delaware Value. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Delaware Value Fund has no effect on the direction of American Mutual i.e. American Mutual and Delaware Value go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.