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 Stock Market Ind. 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
Symbolsvs
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Comparative Performance

Build America Bonds  
00

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 Stock  
88

Risk-Adjusted Fund Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Vanguard Total Stock Market Ind are ranked lower than 8 (%) of all funds and portfolios of funds over the last 30 days. Inspite fairly weak basic indicators, Vanguard Total may actually be approaching a critical reversion point that can send shares even higher in December 2019.

Build America and Vanguard Total Volatility Contrast

Build America Bonds Income Tru  vs.  Vanguard Total Stock Market In

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  7,050  in Vanguard Total Stock Market Ind on October 13, 2019 and sell it today you would earn a total of  573.00  from holding Vanguard Total Stock Market Ind or generate 8.13% 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 Stock Market In in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Vanguard Total Stock 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 Stock 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 Price Transformation module to use price transformation models to analyze depth of different equity instruments across global markets.


 
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