Correlation Analysis Between 1WS Credit and American Balanced

This module allows you to analyze existing cross correlation between 1WS Credit Income Fund and American Balanced Fund Class. You can compare the effects of market volatilities on 1WS Credit and American Balanced 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 1WS Credit with a short position of American Balanced. See also your portfolio center. Please also check ongoing floating volatility patterns of 1WS Credit and American Balanced.
Horizon     30 Days    Login   to change
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Comparative Performance

1WS Credit Income  
00

Risk-Adjusted Fund Performance

Over the last 30 days 1WS Credit Income Fund has generated negative risk-adjusted returns adding no value to fund investors. Inspite fairly strong basic indicators, 1WS Credit is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
American Balanced Fund  
11

Risk-Adjusted Fund Performance

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

1WS Credit and American Balanced Volatility Contrast

1WS Credit Income Fund  vs.  American Balanced Fund Class

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  2,759  in American Balanced Fund Class on September 17, 2019 and sell it today you would earn a total of  17.00  from holding American Balanced Fund Class or generate 0.62% return on investment over 30 days.

Pair Corralation between 1WS Credit and American Balanced

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for 1WS Credit and American Balanced

1WS Credit Income Fund diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding 1WS Credit Income Fund and American Balanced Fund Class in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on American Balanced Fund and 1WS Credit 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 1WS Credit Income Fund are associated (or correlated) with American Balanced. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of American Balanced Fund has no effect on the direction of 1WS Credit i.e. 1WS Credit and American Balanced go up and down completely randomly.
See also your portfolio center. Please also try Chance of Distress module to get analysis of equity chance of financial distress in the next 2 years.


 
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