Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Balanced
BLARX Fund  USD 12.81  0.02  0.16%   
The current 90-days correlation between Lord Abbett Balanced and Lord Abbett Trust is 0.57 (i.e., Very weak 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

Very poor diversification

The correlation between Lord Abbett Balanced and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Balanced 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 Balanced. 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 metropolitan statistical area.

Moving together with Lord Mutual Fund

  0.98ELMFX Lord Abbett TrustPairCorr
  0.98ELMCX Lord Abbett TrustPairCorr
  0.95LFSFX 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
  0.95LFVAX Lord Abbett FocusedPairCorr
  0.95LFVCX Lord Abbett FocusedPairCorr
  0.94HYMQX Lord Abbett ShortPairCorr
  0.98LGCCX Lord Abbett GlobalPairCorr
  0.98LGCVX Lord Abbett GlobalPairCorr
  0.98LGCSX Lord Abbett GlobalPairCorr
  0.99LGLCX Lord Abbett GrowthPairCorr
  0.99LGLAX Lord Abbett GrowthPairCorr
  0.99LGLFX Lord Abbett GrowthPairCorr
  0.99LGLSX L Abbett GrowthPairCorr
  0.99LGLRX Lord Abbett GrowthPairCorr
  0.99LGLUX L Abbett GrowthPairCorr
  0.98EMILX Lord Abbett EmergingPairCorr
  0.96LGRYX Lord Abbett InvestmentPairCorr
  0.65LHCCX Lord Abbett HealthPairCorr
  0.66LHCQX Lord Abbett HealthPairCorr
  0.66LHCTX Lord Abbett HealthPairCorr
  0.99LHYQX Lord Abbett HighPairCorr
  0.99LHYRX Lord Abbett HighPairCorr
  0.98LHYVX Lord Abbett HighPairCorr
  0.98LHYSX Lord Abbett HighPairCorr
  0.98LHYTX Lord Abbett HighPairCorr
  0.98LHYAX Lord Abbett HighPairCorr
  0.98LHYFX Lord Abbett HighPairCorr
  0.97LICAX Lord Abbett InternationalPairCorr
  1.0LIGFX Lord Abbett DiversifiedPairCorr
  1.0LIGQX Lord Abbett DiversifiedPairCorr
  0.9LIFAX Lord Abbett InflationPairCorr
  0.91LIFFX Lord Abbett InflationPairCorr
  0.9LIFQX Lord Abbett InflationPairCorr
  0.9LIFRX Lord Abbett InflationPairCorr

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  0.15  0.55  0.00 
(0.68)
 1.59 
(1.15)
 4.15 
ELMCX  0.54  0.17  0.15  0.54  0.00 
(0.68)
 1.61 
(1.16)
 4.15 
LFSFX  0.93  0.30  0.13 (1.74) 0.85 
(1.08)
 2.27 
(1.65)
 6.76 
LFRAX  0.11  0.05 (0.58) 26.99  0.00 
(0.23)
 0.51 
(0.13)
 0.75 
LFRFX  0.10  0.04  0.00  0.92  0.00 
 0.00 
 0.39 
 0.00 
 0.75 
LFRIX  0.11  0.05  0.00  3.32  0.00 
 0.00 
 0.51 
(0.13)
 0.75 
LFRRX  0.10  0.05 (0.59) 41.04  0.00 
(0.21)
 0.38 
(0.13)
 0.75 
LFROX  0.11  0.05  0.00  8.34  0.00 
 0.00 
 0.51 
(0.13)
 0.75 
LFVAX  0.93  0.30  0.13 (1.73) 0.85 
(1.08)
 2.26 
(1.68)
 6.78 
LFVCX  0.93  0.29  0.13 (1.70) 0.86 
(1.07)
 2.24 
(1.68)
 6.75 

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