Correlation Analysis Between Ford Motor and MFS Blended

This module allows you to analyze existing cross correlation between Ford Motor Company and MFS Blended Research Global Equ. You can compare the effects of market volatilities on Ford Motor and MFS Blended 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 Ford Motor with a short position of MFS Blended. See also your portfolio center. Please also check ongoing floating volatility patterns of Ford Motor and MFS Blended.
Horizon     30 Days    Login   to change
Symbolsvs
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Comparative Performance

Ford Motor  
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Risk-Adjusted Performance

Over the last 30 days Ford Motor Company has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Ford Motor is not utilizing all of its potentials. The new stock price tumult, may contribute to shorter-term losses for the shareholders.
MFS Blended Research  
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Risk-Adjusted Fund Performance

Over the last 30 days MFS Blended Research Global Equ has generated negative risk-adjusted returns adding no value to fund investors. Inspite fairly strong basic indicators, MFS Blended is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.

Ford Motor and MFS Blended Volatility Contrast

Ford Motor Company  vs.  MFS Blended Research Global Eq

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  930.00  in Ford Motor Company on November 15, 2019 and sell it today you would lose (7.00)  from holding Ford Motor Company or give up 0.75% of portfolio value over 30 days.

Pair Corralation between Ford Motor and MFS Blended

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy1.54%
ValuesDaily Returns

Diversification Opportunities for Ford Motor and MFS Blended

Ford Motor Company diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Ford Motor Company and MFS Blended Research Global Eq in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on MFS Blended Research and Ford Motor 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 Ford Motor Company are associated (or correlated) with MFS Blended. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of MFS Blended Research has no effect on the direction of Ford Motor i.e. Ford Motor and MFS Blended go up and down completely randomly.
See also your portfolio center. Please also try Commodity Channel Index module to use commodity channel index to analyze current equity momentum.


 
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