Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Trust
ELMCX Fund  USD 17.33  0.01  0.06%   
The current 90-days correlation between Lord Abbett Trust and Virtus Real Estate is 0.78 (i.e., Poor 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 Trust and DJI is 0.81 (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 Trust and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Lord Abbett Trust. 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 main economic indicators.

Moving together with Lord Mutual Fund

  1.0ELMFX Lord Abbett TrustPairCorr
  0.79LFSFX Lord Abbett FocusedPairCorr
  0.95LFRFX Floating RatePairCorr
  0.97LGCVX Lord Abbett GlobalPairCorr
  0.95LGLAX Lord Abbett GrowthPairCorr
  0.95LGLSX L Abbett GrowthPairCorr
  0.95LGLUX L Abbett GrowthPairCorr
  0.96LIGFX Lord Abbett DiversifiedPairCorr
  0.69LLDYX Lord Abbett ShortPairCorr
  0.84LMCFX Lord Abbett MidPairCorr
  0.94LMGCX Lord Abbett GrowthPairCorr
  0.97LMIYX Lord Abbett MicroPairCorr
  0.79LMVVX Lord Abbett FocusedPairCorr
  0.85LOVLX Lord Abbett MidPairCorr
  0.87LRSQX Small Cap ValuePairCorr
  0.87LRSOX Lord Abbett SmallPairCorr
  0.97LACFX Lord Abbett VertiblePairCorr
  0.95LADYX Lord Abbett DevelopingPairCorr
  0.97LAMCX Lord Abbett CalibratedPairCorr
  0.97LAMQX Lord Abbett CalibratedPairCorr
  0.72LSDFX Lord Abbett ShortPairCorr
  0.98LBCQX Lord Abbett VertiblePairCorr
  0.88LBDFX Lord Abbett BondPairCorr
  0.92LSYIX Lord Abbett ShortPairCorr
  0.93LSYFX Lord Abbett ShortPairCorr
  0.93LSYNX Lord Abbett ShortPairCorr
  0.92LSYQX Lord Abbett ShortPairCorr
  0.72LBNDX Lord Abbett BondPairCorr
  0.89LBNOX Lord Abbett BondPairCorr
  0.89LBNQX Lord Abbett BondPairCorr
  0.95LTFOX Lord Abbett AffiliatedPairCorr
  0.97LCFYX Lord Abbett ConvertiblePairCorr
  0.76LDLAX Lord Abbett ShortPairCorr
  0.71LDLFX Lord Abbett ShortPairCorr

Related Correlations Analysis

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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.

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