Correlation Analysis Between Build America and Vanguard Total

This module allows you to analyze existing cross correlation between Build America Bonds Income Trus and Vanguard Total Bond Market Inde. You can compare the effects of market volatilities on Build America and Vanguard Total 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 Build America with a short position of Vanguard Total. See also your portfolio center. Please also check ongoing floating volatility patterns of Build America and Vanguard Total.
Horizon     30 Days    Login   to change
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Comparative Performance

Build America Bonds  
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Risk-Adjusted Fund Performance

Over the last 30 days Build America Bonds Income Trus has generated negative risk-adjusted returns adding no value to fund investors. Inspite fairly strong basic indicators, Build America is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
Vanguard Total Bond  
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Risk-Adjusted Fund Performance

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

Build America and Vanguard Total Volatility Contrast

Build America Bonds Income Tru  vs.  Vanguard Total Bond Market Ind

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest (100.00)  in Build America Bonds Income Trus on October 22, 2019 and sell it today you would earn a total of  100.00  from holding Build America Bonds Income Trus or generate -100.0% return on investment over 30 days.

Pair Corralation between Build America and Vanguard Total

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

Diversification Opportunities for Build America and Vanguard Total

Build America Bonds Income Tru diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Build America Bonds Income Tru and Vanguard Total Bond Market Ind in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Vanguard Total Bond and Build America 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 Build America Bonds Income Trus are associated (or correlated) with Vanguard Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Vanguard Total Bond has no effect on the direction of Build America i.e. Build America and Vanguard Total go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.


 
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