Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Vertible
LCFPX Fund  USD 15.93  0.05  0.31%   
The current 90-days correlation between Lord Abbett Vertible and Tiaa Cref Lifestyle Conservative is 0.88 (i.e., Very 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 good diversification

The correlation between Lord Abbett Vertible and DJI is -0.33 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Vertible 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 Vertible. 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 american community survey.

Moving together with Lord Mutual Fund

  0.98ELMFX Lord Abbett TrustPairCorr
  0.98ELMCX Lord Abbett TrustPairCorr
  0.97LFSFX Lord Abbett FocusedPairCorr
  0.98LFRAX Floating RatePairCorr
  0.98LFRFX Floating RatePairCorr
  0.98LFRIX Floating RatePairCorr
  0.98LFRRX Lord Abbett InvPairCorr
  0.98LFROX Lord Abbett FloatingPairCorr
  0.97LFVAX Lord Abbett FocusedPairCorr
  0.97LFVCX Lord Abbett FocusedPairCorr
  0.7HYMOX Lord Abbett HighPairCorr
  0.93HYMQX Lord Abbett ShortPairCorr
  0.68HYMFX Lord Abbett HighPairCorr
  0.7HYMIX Lord Abbett HighPairCorr
  0.97LGCAX Lord Abbett GlobalPairCorr
  0.97LGCFX Lord Abbett GlobalPairCorr
  0.97LGCCX Lord Abbett GlobalPairCorr
  0.97LGCRX Lord Abbett GlobalPairCorr
  0.97LGCOX Lord Abbett GlobalPairCorr
  0.97LGCVX Lord Abbett GlobalPairCorr
  0.97LGCSX Lord Abbett GlobalPairCorr
  0.97LGCYX Lord Abbett GlobalPairCorr
  0.97LGCWX Lord Abbett GlobalPairCorr
  0.99LGLCX Lord Abbett GrowthPairCorr
  0.99LGLAX Lord Abbett GrowthPairCorr
  0.98LGLFX Lord Abbett GrowthPairCorr
  0.98LGLIX Lord Abbett GrowthPairCorr
  0.99LGLOX Lord Abbett GrowthPairCorr
  0.98LGLSX L Abbett GrowthPairCorr
  0.98LGLQX Lord Abbett GrowthPairCorr
  0.98LGLRX Lord Abbett GrowthPairCorr
  0.98LGLUX L Abbett GrowthPairCorr
  0.98LGLVX L Abbett GrowthPairCorr
  0.98EMILX Lord Abbett EmergingPairCorr
  0.97LGOFX Lord Abbett GrowthPairCorr
  0.96LGOQX Lord Abbett GrowthPairCorr
  0.97LGORX Lord Abbett GrowthPairCorr
  0.97LGOPX Lord Abbett GrowthPairCorr

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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