Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Trust
ELMFX Fund  USD 17.55  0.05  0.28%   
The current 90-days correlation between Lord Abbett Trust and Transamerica Short Term Bond is -0.32 (i.e., Very 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 Trust and DJI is -0.08 (i.e., Good 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 census.

Moving together with Lord Mutual Fund

  0.97ELMCX Lord Abbett TrustPairCorr
  0.78LFSFX Lord Abbett FocusedPairCorr
  0.95LFRFX Floating RatePairCorr
  0.94LGCVX Lord Abbett GlobalPairCorr
  0.96LGLAX Lord Abbett GrowthPairCorr
  0.92LGLSX L Abbett GrowthPairCorr
  0.92LGLUX L Abbett GrowthPairCorr
  0.95LIGFX Lord Abbett DiversifiedPairCorr
  0.69LLDYX Lord Abbett ShortPairCorr
  0.84LMCFX Lord Abbett MidPairCorr
  0.94LMGCX Lord Abbett GrowthPairCorr
  0.93LMIYX Lord Abbett MicroPairCorr
  0.77LMVVX Lord Abbett FocusedPairCorr
  0.84LOVLX Lord Abbett MidPairCorr
  0.84LRSQX Small Cap ValuePairCorr
  0.87LRSOX Lord Abbett SmallPairCorr
  0.98LACFX Lord Abbett VertiblePairCorr
  0.91LADYX Lord Abbett Developing Steady GrowthPairCorr
  0.92LAMCX Lord Abbett CalibratedPairCorr
  0.97LAMQX Lord Abbett CalibratedPairCorr
  0.72LSDFX Lord Abbett ShortPairCorr
  0.95LBCQX Lord Abbett VertiblePairCorr
  0.9LBDFX Lord Abbett BondPairCorr
  0.93LSYIX Lord Abbett ShortPairCorr
  0.93LSYFX Lord Abbett ShortPairCorr
  0.93LSYNX Lord Abbett ShortPairCorr
  0.93LSYQX Lord Abbett ShortPairCorr
  0.71LBNDX Lord Abbett BondPairCorr
  0.88LBNOX Lord Abbett BondPairCorr
  0.91LBNQX Lord Abbett BondPairCorr
  0.95LTFOX Lord Abbett AffiliatedPairCorr
  0.95LCFYX Lord Abbett ConvertiblePairCorr
  0.77LDLAX Lord Abbett ShortPairCorr
  0.74LDLFX 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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