Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Alpha
ALFOX Fund  USD 27.91  0.09  0.32%   
The current 90-days correlation between Lord Abbett Alpha and Lord Abbett Trust is -0.07 (i.e., Good diversification). The correlation of Lord Abbett is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Lord Abbett Correlation With Market

Good diversification

The correlation between Lord Abbett Alpha and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Alpha and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Lord Abbett Alpha. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Lord Mutual Fund

  0.97ELMFX Lord Abbett TrustPairCorr
  0.97ELMCX Lord Abbett TrustPairCorr
  0.98LFSFX Lord Abbett FocusedPairCorr
  0.98LFRAX Floating RatePairCorr
  0.98LFRFX Floating RatePairCorr
  0.98LFRIX Floating RatePairCorr
  0.98LFRRX Lord Abbett InvPairCorr
  0.98LFROX Lord Abbett FloatingPairCorr
  0.98LFVAX Lord Abbett FocusedPairCorr
  0.98LFVCX Lord Abbett FocusedPairCorr
  0.72HYMQX Lord Abbett ShortPairCorr
  0.65LGCRX Lord Abbett GlobalPairCorr
  0.65LGCOX Lord Abbett GlobalPairCorr
  0.65LGCVX Lord Abbett GlobalPairCorr
  0.98LGLFX Lord Abbett GrowthPairCorr
  0.98LGLSX L Abbett GrowthPairCorr
  0.61LGLUX L Abbett GrowthPairCorr
  0.99LGLVX L Abbett GrowthPairCorr
  0.97EMILX Lord Abbett EmergingPairCorr
  0.97LGOQX Lord Abbett GrowthPairCorr
  0.97LGOSX Lord Abbett GrowthPairCorr
  0.96LGRAX Lord Abbett InvestmentPairCorr
  0.96LGRFX Lord Abbett InvestmentPairCorr
  0.96LGRUX Lord Abbett InvestmentPairCorr
  0.98EMOLX Lord Abbett TrustPairCorr
  0.63LHCCX Lord Abbett HealthPairCorr
  0.64LHCAX Lord Abbett HealthPairCorr
  0.65LHCFX Lord Abbett HealthPairCorr
  0.65LHCOX Lord Abbett HealthPairCorr
  0.65LHCVX Lord Abbett HealthPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Lord Mutual Fund performing well and Lord Abbett Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Lord Abbett's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ELMFX  0.54  0.18  0.14  0.55  0.00 
(0.69)
 1.59 
(1.15)
 4.15 
ELMCX  0.54  0.17  0.15  0.54  0.00 
(0.69)
 1.61 
(1.16)
 4.15 
LFSFX  0.93  0.27  0.10 (1.69) 0.85 
(1.08)
 2.27 
(1.65)
 6.76 
LFRAX  0.10  0.05 (0.64) 11.85  0.00 
(0.23)
 0.51 
(0.13)
 0.75 
LFRFX  0.10  0.05  0.00  2.23  0.00 
 0.00 
 0.39 
 0.00 
 0.75 
LFRIX  0.10  0.05  0.00  2.74  0.00 
 0.00 
 0.51 
(0.13)
 0.75 
LFRRX  0.10  0.04 (0.66) 14.17  0.00 
(0.21)
 0.38 
(0.13)
 0.75 
LFROX  0.10  0.05  0.00  5.88  0.00 
 0.00 
 0.51 
(0.13)
 0.75 
LFVAX  0.93  0.27  0.10 (1.68) 0.86 
(1.08)
 2.26 
(1.68)
 6.78 
LFVCX  0.93  0.27  0.10 (1.65) 0.88 
(1.07)
 2.24 
(1.68)
 6.75 

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