Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Multi Asset
ISFOX Fund  USD 16.54  0.04  0.24%   
The current 90-days correlation between Lord Abbett Multi and Alliancebernstein Global Highome is 0.69 (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

Good diversification

The correlation between Lord Abbett Multi Asset and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Multi Asset and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Lord Abbett Multi Asset. 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

  0.96ELMFX Lord Abbett TrustPairCorr
  0.96ELMCX Lord Abbett TrustPairCorr
  0.96LFSFX Lord Abbett FocusedPairCorr
  0.98LFRAX Floating RatePairCorr
  0.98LFRFX Floating RatePairCorr
  0.97LFRIX Floating RatePairCorr
  0.98LFRRX Lord Abbett InvPairCorr
  0.98LFROX Lord Abbett FloatingPairCorr
  0.96LFVAX Lord Abbett FocusedPairCorr
  0.96LFVCX Lord Abbett FocusedPairCorr
  0.95HYMQX Lord Abbett ShortPairCorr
  0.96LGCCX Lord Abbett GlobalPairCorr
  0.96LGCRX Lord Abbett GlobalPairCorr
  0.96LGCVX Lord Abbett GlobalPairCorr
  0.96LGCSX Lord Abbett GlobalPairCorr
  0.97LGCWX Lord Abbett GlobalPairCorr
  0.97LGLCX Lord Abbett GrowthPairCorr
  0.97LGLAX Lord Abbett GrowthPairCorr
  0.97LGLFX Lord Abbett GrowthPairCorr
  0.97LGLIX Lord Abbett GrowthPairCorr
  0.97LGLSX L Abbett GrowthPairCorr
  0.97LGLRX Lord Abbett GrowthPairCorr
  0.97LGLUX L Abbett GrowthPairCorr
  0.96EMILX Lord Abbett EmergingPairCorr
  0.95LGOFX Lord Abbett GrowthPairCorr
  0.95LGOVX Lord Abbett GrowthPairCorr
  0.95LGOTX Lord Abbett GrowthPairCorr
  0.97LGRYX Lord Abbett InvestmentPairCorr
  0.71LHCCX Lord Abbett HealthPairCorr
  0.72LHCSX Lord Abbett HealthPairCorr
  0.66LHCQX Lord Abbett HealthPairCorr
  0.73LHCTX Lord Abbett HealthPairCorr
  0.99LHYQX Lord Abbett HighPairCorr
  0.99LHYRX Lord Abbett HighPairCorr
  0.98LHYVX Lord Abbett HighPairCorr
  0.99LHYSX Lord Abbett HighPairCorr
  0.99LHYTX Lord Abbett HighPairCorr
  0.99LHYAX Lord Abbett HighPairCorr

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.

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