Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Income
LAGVX Fund  USD 2.43  0.01  0.41%   
The current 90-days correlation between Lord Abbett Income and Needham Small Cap is 0.13 (i.e., Average 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

Average diversification

The correlation between Lord Abbett Income and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lord Abbett Income. 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 real.

Moving together with Lord Mutual Fund

  0.92VICSX Vanguard Intermediate-terPairCorr
  0.92VFICX Vanguard Intermediate-terPairCorr
  0.92VFIDX Vanguard Intermediate-terPairCorr
  0.92VICBX Vanguard IntermediatePairCorr
  0.92PBDPX Pimco Investment GradePairCorr
  0.92PIGIX Investment Grade PoratePairCorr
  0.92PGCAX Investment Grade PoratePairCorr
  0.93PBDAX Investment Grade PoratePairCorr
  0.91PBDCX Investment Grade PoratePairCorr
  0.92PCNNX Pimco Investment GradePairCorr
  0.79EMAYX Enterprise Mergers AndPairCorr
  0.79FFEGX Fidelity Freedom IndexPairCorr
  0.68SPSDX Sterling Capital BehPairCorr
  0.62RIVKX American Funds InterPairCorr
  0.74LEVIX Lazard Equity CentratedPairCorr
  0.75FASCX Franklin K2 AlternativePairCorr
  0.7JDSNX Perkins Small CapPairCorr
  0.78RRTLX T Rowe PricePairCorr
  0.87ISIAX Voya Strategic IncomePairCorr
  0.7CSRYX Columbia Select LargePairCorr
  0.82SWYAX Schwab Target 2010PairCorr
  0.62FDEGX Fidelity Growth StraPairCorr
  0.75PALCX Allianzgi Global AllPairCorr
  0.75FISVX Fidelity Small CapPairCorr
  0.71PSHAX Short Term FundPairCorr

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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