Correlation Analysis Between Build America and First Eagle

This module allows you to analyze existing cross correlation between Build America Bonds Income Trus and First Eagle Global Fund Class R. You can compare the effects of market volatilities on Build America and First Eagle 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 First Eagle. See also your portfolio center. Please also check ongoing floating volatility patterns of Build America and First Eagle.
Horizon     30 Days    Login   to change
Symbolsvs
Check Efficiency

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.
First Eagle Global  
55

Risk-Adjusted Fund Performance

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

Build America and First Eagle Volatility Contrast

Build America Bonds Income Tru  vs.  First Eagle Global Fund Class

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  5,843  in First Eagle Global Fund Class R on November 8, 2019 and sell it today you would earn a total of  156.00  from holding First Eagle Global Fund Class R or generate 2.67% return on investment over 30 days.

Pair Corralation between Build America and First Eagle

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy1.33%
ValuesDaily Returns

Diversification Opportunities for Build America and First Eagle

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 First Eagle Global Fund Class in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on First Eagle Global 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 First Eagle. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of First Eagle Global has no effect on the direction of Build America i.e. Build America and First Eagle go up and down completely randomly.
See also your portfolio center. Please also try Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.


 
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