Correlation Analysis Between Angel Oak and Lord Abbett

This module allows you to analyze existing cross correlation between Angel Oak Financials Income Fun and Lord Abbett Inv Tr Short Durati. You can compare the effects of market volatilities on Angel Oak 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 Angel Oak with a short position of Lord Abbett. See also your portfolio center. Please also check ongoing floating volatility patterns of Angel Oak and Lord Abbett.
Horizon     30 Days    Login   to change
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Comparative Performance

Angel Oak Financials  
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Risk-Adjusted Fund Performance

Over the last 30 days Angel Oak Financials Income Fun has generated negative risk-adjusted returns adding no value to fund investors. Inspite fairly strong basic indicators, Angel Oak is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
Lord Abbett Inv  
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Risk-Adjusted Fund Performance

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

Angel Oak and Lord Abbett Volatility Contrast

Angel Oak Financials Income Fu  vs.  Lord Abbett Inv Tr Short Durat

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  421.00  in Lord Abbett Inv Tr Short Durati on October 13, 2019 and sell it today you would earn a total of  0.00  from holding Lord Abbett Inv Tr Short Durati or generate 0.0% return on investment over 30 days.

Pair Corralation between Angel Oak and Lord Abbett

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

Diversification Opportunities for Angel Oak and Lord Abbett

Angel Oak Financials Income Fu diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Angel Oak Financials Income Fu and Lord Abbett Inv Tr Short Durat in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Lord Abbett Inv and Angel Oak 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 Angel Oak Financials Income Fun 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 Inv has no effect on the direction of Angel Oak i.e. Angel Oak and Lord Abbett go up and down completely randomly.
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