Correlation Between GM and MUTUAL FUNDS

By analyzing existing cross correlation between General Motors and MUTUAL FUNDS LTD you can compare the effects of market volatilities on GM and MUTUAL FUNDS 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 GM with a short position of MUTUAL FUNDS. Check out your portfolio center. Please also check ongoing floating volatility patterns of GM and MUTUAL FUNDS.

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Can any of the company-specific risk be diversified away by investing in both GM and MUTUAL FUNDS at the same time? Although using correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combing GM and MUTUAL FUNDS into the same portfolio which is an essential part of fundamental portfolio management process.

Diversification Opportunities for GM and MUTUAL FUNDS

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Correlation
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MF

Pay attention - limited upside

The 3 months correlation between GM and MUTUAL is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding General Motors Company and MUTUAL FUNDS LTD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on MUTUAL FUNDS LTD and GM 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 General Motors are associated (or correlated) with MUTUAL FUNDS. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of MUTUAL FUNDS LTD has no effect on the direction of GM i.e. GM and MUTUAL FUNDS go up and down completely randomly.

Pair Corralation between GM and MUTUAL FUNDS

If you would invest (100.00)  in MUTUAL FUNDS LTD on May 3, 2020 and sell it today you would earn a total of  100.00  from holding MUTUAL FUNDS LTD or generate -100.0% return on investment over 30 days.
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

General Motors Company  vs.  MUTUAL FUNDS LTD

 Performance (%) 
      Timeline 
General Motors 
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GM Risk-Adjusted Performance

Over the last 30 days General Motors has generated negative risk-adjusted returns adding no value to investors with long positions. Even with considerably steady technical indicators, GM is not utilizing all of its potentials. The existing stock price chaos, may contribute to medium term losses for the stakeholders.
MUTUAL FUNDS LTD 
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MUTUAL FUNDS Risk-Adjusted Performance

Over the last 30 days MUTUAL FUNDS LTD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, MUTUAL FUNDS is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.

GM and MUTUAL FUNDS Volatility Contrast

Check out your portfolio center. Please also try Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.


 
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