Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Mid
LAVLX Fund  USD 33.87  0.17  0.50%   
The current 90-days correlation between Lord Abbett Mid and Lord Abbett Trust 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

Significant diversification

The correlation between Lord Abbett Mid and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Mid 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 Mid. 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 bureau of economic analysis.

Moving together with Lord Mutual Fund

  0.93ELMFX Lord Abbett TrustPairCorr
  0.93ELMCX Lord Abbett TrustPairCorr
  0.93LFSFX Lord Abbett FocusedPairCorr
  0.94LFRFX Floating RatePairCorr
  0.95LFRIX Floating RatePairCorr
  0.95LFRRX Lord Abbett InvPairCorr
  0.94LFROX Lord Abbett FloatingPairCorr
  0.93LFVAX Lord Abbett FocusedPairCorr
  0.93LFVCX Lord Abbett FocusedPairCorr
  0.63HYMQX Lord Abbett ShortPairCorr
  0.96LGCAX Lord Abbett GlobalPairCorr
  0.95LGCFX Lord Abbett GlobalPairCorr
  0.95LGCCX Lord Abbett GlobalPairCorr
  0.95LGCRX Lord Abbett GlobalPairCorr
  0.95LGCOX Lord Abbett GlobalPairCorr
  0.61LGCVX Lord Abbett GlobalPairCorr
  0.95LGCSX Lord Abbett GlobalPairCorr
  0.95LGCYX Lord Abbett GlobalPairCorr
  0.95LGCWX Lord Abbett GlobalPairCorr
  0.94LGLFX Lord Abbett GrowthPairCorr
  0.95LGLOX Lord Abbett GrowthPairCorr
  0.93LGLSX L Abbett GrowthPairCorr
  0.94LGLQX Lord Abbett GrowthPairCorr
  0.94LGLVX L Abbett GrowthPairCorr
  0.93EMILX Lord Abbett EmergingPairCorr
  0.94LGOFX Lord Abbett GrowthPairCorr
  0.94LGOQX Lord Abbett GrowthPairCorr
  0.94LGORX Lord Abbett GrowthPairCorr
  0.94LGOPX Lord Abbett GrowthPairCorr

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  0.53  0.18  0.12  0.61  0.00 
(0.69)
 1.59 
(0.84)
 4.15 
ELMCX  0.53  0.17  0.12  0.60  0.00 
(0.69)
 1.61 
(0.80)
 4.15 
LFSFX  0.93  0.28  0.07 (1.39) 0.86 
(1.08)
 2.27 
(1.65)
 6.76 
LFRAX  0.10  0.04  0.00 (6.52) 0.00 
 0.00 
 0.38 
(0.12)
 0.75 
LFRFX  0.10  0.05  0.00  2.33  0.00 
 0.00 
 0.39 
 0.00 
 0.75 
LFRIX  0.10  0.05  0.00  2.22  0.00 
 0.00 
 0.51 
(0.13)
 0.75 
LFRRX  0.10  0.05 (0.89) 37.80  0.00 
(0.21)
 0.38 
(0.13)
 0.75 
LFROX  0.10  0.05  0.00  4.31  0.00 
 0.00 
 0.51 
(0.13)
 0.75 
LFVAX  0.93  0.28  0.07 (1.38) 0.86 
(1.08)
 2.26 
(1.68)
 6.78 
LFVCX  0.93  0.27  0.07 (1.35) 0.88 
(1.07)
 2.24 
(1.68)
 6.75 

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