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Correlation Between Smead Value and Lord Abbett

Analyzing existing cross correlation between Smead Value Fund Class Y and Lord Abbett Affiliated Fd. You can compare the effects of market volatilities on Smead Value and Lord Abbett 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 Smead Value with a short position of Lord Abbett. Check out your portfolio center. Please also check ongoing floating volatility patterns of Smead Value and Lord Abbett.

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Diversification Opportunities for Smead Value and Lord Abbett

Smead Value Fund Class Y diversification synergy
0.83
SVF
LOR

Very poor diversification

The 3 months correlation between Smead and LAAFX is 0.83. Overlapping area represents the amount of risk that can be diversified away by holding Smead Value Fund Class Y and Lord Abbett Affiliated Fd Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Lord Abbett Affiliated and Smead Value 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 Smead Value Fund Class Y are associated (or correlated) with Lord Abbett. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Lord Abbett Affiliated has no effect on the direction of Smead Value i.e. Smead Value and Lord Abbett go up and down completely randomly.

Pair Corralation between Smead Value and Lord Abbett

Assuming 30 trading days horizon, Smead Value Fund Class Y is expected to generate 2.5 times more return on investment than Lord Abbett. However, Smead Value is 2.5 times more volatile than Lord Abbett Affiliated Fd. It trades about -0.01 of its potential returns per unit of risk. Lord Abbett Affiliated Fd is currently generating about -0.09 per unit of risk. If you would invest  5,050  in Smead Value Fund Class Y on March 2, 2020 and sell it today you would lose (1,728)  from holding Smead Value Fund Class Y or give up 34.22% of portfolio value over 30 days.
Time Period3 Months [change]
DirectionMoves Together 
StrengthStrong
Accuracy98.41%
ValuesDaily Returns

Smead Value Fund Class Y  vs.  Lord Abbett Affiliated Fd Inc

 Performance (%) 
    
  Timeline 
Smead Value Fund 
00

Risk-Adjusted Fund Performance

Over the last 30 days Smead Value Fund Class Y has generated negative risk-adjusted returns adding no value to fund investors. Inspite fairly strong basic indicators, Smead Value is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
Lord Abbett Affiliated 
00

Risk-Adjusted Fund Performance

Over the last 30 days Lord Abbett Affiliated Fd has generated negative risk-adjusted returns adding no value to fund investors. Inspite weak performance in the last few months, the Fund's basic indicators remain fairly strong which may send shares a bit higher in May 2020. The current disturbance may also be a sign of long term up-swing for the fund investors.

Smead Value and Lord Abbett Volatility Contrast

 Predicted Return Density 
    
  Returns 
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