Correlation Analysis Between Two Oaks and American Funds

This module allows you to analyze existing cross correlation between Two Oaks Diversified Growth and and American Funds Growth and Incom. You can compare the effects of market volatilities on Two Oaks and American 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 Two Oaks with a short position of American Funds. See also your portfolio center. Please also check ongoing floating volatility patterns of Two Oaks and American Funds.
Horizon     30 Days    Login   to change
Symbolsvs
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Comparative Performance

Two Oaks Diversified  
55

Risk-Adjusted Fund Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Two Oaks Diversified Growth and are ranked lower than 5 (%) of all funds and portfolios of funds over the last 30 days. Inspite fairly strong basic indicators, Two Oaks is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
American Funds Growth  
11

Risk-Adjusted Fund Performance

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

Two Oaks and American Funds Volatility Contrast

 Predicted Return Density 
      Returns 

Two Oaks Diversified Growth an  vs.  American Funds Growth and Inco

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Two Oaks Diversified Growth and is expected to generate 1.01 times more return on investment than American Funds. However, Two Oaks is 1.01 times more volatile than American Funds Growth and Incom. It trades about 0.08 of its potential returns per unit of risk. American Funds Growth and Incom is currently generating about 0.03 per unit of risk. If you would invest  1,316  in Two Oaks Diversified Growth and on August 22, 2019 and sell it today you would earn a total of  43.00  from holding Two Oaks Diversified Growth and or generate 3.27% return on investment over 30 days.

Pair Corralation between Two Oaks and American Funds

0.52
Time Period3 Months [change]
DirectionPositive 
StrengthWeak
Accuracy98.46%
ValuesDaily Returns

Diversification Opportunities for Two Oaks and American Funds

Two Oaks Diversified Growth an diversification synergy

Very weak diversification

Overlapping area represents the amount of risk that can be diversified away by holding Two Oaks Diversified Growth an and American Funds Growth and Inco in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on American Funds Growth and Two Oaks 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 Two Oaks Diversified Growth and are associated (or correlated) with American Funds. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of American Funds Growth has no effect on the direction of Two Oaks i.e. Two Oaks and American Funds go up and down completely randomly.
See also your portfolio center. Please also try Money Flow Index module to determine momentum by analyzing money flow index and other technical indicators.


 
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