Feng Mingyuan, the leader of Cinda Aoyin, Zhang Kun, the god of Yi Fangda!
How many Christians who love them are fascinated and unswervingly determined. If you let them come together, will you love them?
Feng Mingyuan’s fund representative is Cinda Australia Bank New Energy Industry Stock Fund (001410), and Zhang Kun’s fund representative is E Fund Blue Chip Selected Mixed Fund (005827). The net worth trends during their respective management periods are as follows:
In one sentence: Brilliant!
If the two are combined, what kind of chemical reaction will occur when Feng Mingyuan meets Zhang Kun?
We might as well build a portfolio with 50% of each capital ratio. After calculation, the results are as follows:
1. Historical performance backtesting of the portfolio
See below:
2. Prediction of the future return probability of the portfolio
See below:
3. Final conclusion: For the combination constructed by two funds, the net value curve will become smoother, the volatility will be significantly reduced, and the income will be between the two. Each has a period of defeating 005827 or 001410, which reduces the amount of holding a single fund. Uncertainty about earnings.
What is the main reason for this chemical reaction?
The secret lies in the correlation of the two funds. Through calculation, the correlation coefficient between E Fund Blue Chip Select Mix and Cinda Australia Bank New Energy Industry Stock Fund is 0.48, which is relatively low. See below:
Intuitively, in the blue box in the figure below, the trends of the two funds are divergent, independent of each other, and have a negative correlation.
By constructing a portfolio of funds with weak correlations, the performance of the net worth of the funds will be smoothed, the volatility will be reduced, and the return per unit risk ratio will be improved, which will make the heartbeat of investors less frequent and the investment experience will be better.
The value and mysteries of the fund portfolio are endless, have you mastered it?
#Big dips! Shares of multiple industry-themed ETFs hit record highs# $ E Fund Blue Chip Select Mix (F005827)$ $ Cinda Australia Bank New Energy Industry (F001410) $ $ BYD (SZ002594)$
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