Correlation Analysis Between Legg Mason and Vanguard

This module allows you to analyze existing cross correlation between Legg Mason CB US Eq SL Pr Acc and Vanguard US 500 Stock Index Ins USD. You can compare the effects of market volatilities on Legg Mason and Vanguard 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 Legg Mason with a short position of Vanguard. See also your portfolio center. Please also check ongoing floating volatility patterns of Legg Mason and Vanguard.
Horizon     30 Days    Login   to change
Symbolsvs
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Comparative Performance

Legg Mason CB  
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Risk-Adjusted Fund Performance

Over the last 30 days Legg Mason CB US Eq SL Pr Acc has generated negative risk-adjusted returns adding no value to fund investors. Despite somewhat strong basic indicators, Legg Mason is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
Vanguard US 500  
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Risk-Adjusted Fund Performance

Over the last 30 days Vanguard US 500 Stock Index Ins USD has generated negative risk-adjusted returns adding no value to fund investors. Despite somewhat weak basic indicators, Vanguard may actually be approaching a critical reversion point that can send shares even higher in June 2019.

Legg Mason and Vanguard Volatility Contrast

 Predicted Return Density 
      Returns 

Legg Mason CB US Eq SL Pr Acc  vs.  Vanguard US 500 Stock Index In

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  3,179  in Vanguard US 500 Stock Index Ins USD on April 26, 2019 and sell it today you would earn a total of  101.85  from holding Vanguard US 500 Stock Index Ins USD or generate 3.2% return on investment over 30 days.

Pair Corralation between Legg Mason and Vanguard

0.0
Time Period2 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.0%
ValuesDaily Returns

Diversification Opportunities for Legg Mason and Vanguard

Legg Mason CB US Eq SL Pr Acc diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Legg Mason CB US Eq SL Pr Acc and Vanguard US 500 Stock Index In in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Vanguard US 500 and Legg Mason 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 Legg Mason CB US Eq SL Pr Acc are associated (or correlated) with Vanguard. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Vanguard US 500 has no effect on the direction of Legg Mason i.e. Legg Mason and Vanguard go up and down completely randomly.
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