Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Convertible
LCFYX Fund  USD 15.29  0.08  0.53%   
The current 90-days correlation between Lord Abbett Convertible and Live Oak Health is -0.15 (i.e., 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

Almost no diversification

The correlation between Lord Abbett Convertible and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Convertible 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 Convertible. 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 manufacturing.

Moving together with Lord Mutual Fund

  0.95ELMFX Lord Abbett TrustPairCorr
  0.98ELMCX Lord Abbett TrustPairCorr
  0.65LFSFX Lord Abbett FocusedPairCorr
  0.69LFRAX Floating RatePairCorr
  0.94LFRFX Floating RatePairCorr
  0.94LFRIX Floating RatePairCorr
  0.96LFRRX Lord Abbett InvPairCorr
  0.94LFROX Lord Abbett FloatingPairCorr
  0.65LFVAX Lord Abbett FocusedPairCorr
  0.64LFVCX Lord Abbett FocusedPairCorr
  0.96LGCAX Lord Abbett GlobalPairCorr
  0.99LGCFX Lord Abbett GlobalPairCorr
  0.99LGCCX Lord Abbett GlobalPairCorr
  0.99LGCRX Lord Abbett GlobalPairCorr
  0.96LGCOX Lord Abbett GlobalPairCorr
  0.99LGCVX Lord Abbett GlobalPairCorr
  0.99LGCSX Lord Abbett GlobalPairCorr
  0.99LGCYX Lord Abbett GlobalPairCorr
  0.99LGCWX Lord Abbett GlobalPairCorr
  0.96LGLCX Lord Abbett GrowthPairCorr
  0.96LGLAX Lord Abbett GrowthPairCorr
  0.99LGLFX Lord Abbett GrowthPairCorr
  0.99LGLIX Lord Abbett GrowthPairCorr
  0.96LGLOX Lord Abbett GrowthPairCorr
  0.99LGLSX L Abbett GrowthPairCorr
  0.99LGLQX Lord Abbett GrowthPairCorr
  0.99LGLRX Lord Abbett GrowthPairCorr
  0.99LGLUX L Abbett GrowthPairCorr
  0.99LGLVX L Abbett GrowthPairCorr
  0.95EMILX Lord Abbett EmergingPairCorr
  0.98LGOFX Lord Abbett GrowthPairCorr
  0.99LGOQX Lord Abbett GrowthPairCorr
  0.99LGORX Lord Abbett GrowthPairCorr
  0.99LGOPX 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.

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