>

Correlation Between MFS Value and Lord Abbett

Analyzing existing cross correlation between MFS Value Fund Share Class 52 and Lord Abbett Affiliated Fd. You can compare the effects of market volatilities on MFS 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 MFS Value with a short position of Lord Abbett. Check out your portfolio center. Please also check ongoing floating volatility patterns of MFS Value and Lord Abbett.

Specify exactly 2 symbols:

Refresh Compare

Diversification Opportunities for MFS Value and Lord Abbett

MFS Value Fund Share Class 52 diversification synergy
0.95
MFS
LOR

Almost no diversification

The 3 months correlation between ECVLX and LAAFX is 0.95. Overlapping area represents the amount of risk that can be diversified away by holding MFS Value Fund Share Class 52 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 MFS 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 MFS Value Fund Share Class 52 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 MFS Value i.e. MFS Value and Lord Abbett go up and down completely randomly.

Pair Corralation between MFS Value and Lord Abbett

Assuming 30 trading days horizon, MFS Value Fund Share Class 52 is expected to under-perform the Lord Abbett. But the mutual fund apears to be less risky and, when comparing its historical volatility, MFS Value Fund Share Class 52 is 1.59 times less risky than Lord Abbett. The mutual fund trades about -0.07 of its potential returns per unit of risk. The Lord Abbett Affiliated Fd is currently generating about -0.03 of returns per unit of risk over similar time horizon. If you would invest  1,567  in Lord Abbett Affiliated Fd on March 8, 2020 and sell it today you would lose (409.00)  from holding Lord Abbett Affiliated Fd or give up 26.1% of portfolio value over 30 days.
Time Period3 Months [change]
DirectionMoves Together 
StrengthVery Strong
Accuracy98.46%
ValuesDaily Returns

MFS Value Fund Share Class 52  vs.  Lord Abbett Affiliated Fd Inc

 Performance (%) 
    
  Timeline 
MFS Value Fund 
00

Risk-Adjusted Fund Performance

Over the last 30 days MFS Value Fund Share Class 52 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.
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.

MFS Value and Lord Abbett Volatility Contrast

 Predicted Return Density 
    
  Returns 
Check out your portfolio center. Please also try Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.


 
Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page