Lord Abbett Correlations

LCFYX Fund

USD 16.56 0.07 0.42%

The current 90-days correlation between Lord Abbett Convertible and Ultra Short Fixed Income is 0.02 (i.e., Significant 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

Poor diversification

The correlation between Lord Abbett Convertible and DJI is 0.6 (i.e., Poor 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 various price indices.

Moving together with Lord Mutual Fund

0.99	VAADX	Virtus Convertible	Pair Corr
0.92	VTSAX	Vanguard Total Stock	Pair Corr
0.92	VFIAX	Vanguard 500 Index	Pair Corr
0.92	VTSMX	Vanguard Total Stock	Pair Corr
0.92	VSMPX	Vanguard Total Stock	Pair Corr
0.92	VSTSX	Vanguard Total Stock	Pair Corr
0.92	VITSX	Vanguard Total Stock	Pair Corr
0.92	VFINX	Vanguard 500 Index	Pair Corr
0.92	VFFSX	Vanguard 500 Index	Pair Corr
0.89	VGTSX	Vanguard Total Inter	Pair Corr
0.89	VTIAX	Vanguard Total Inter	Pair Corr
0.92	FPXIX	Fidelity Advisor 529	Pair Corr
0.82	GPICX	Guidepath Conservative	Pair Corr
0.91	INTC	Intel Aggressive Push	Pair Corr
0.82	IBM	International Business	Pair Corr
0.8	AA	Alcoa Corp	Pair Corr
0.91	GE	GE Aerospace	Pair Corr
0.83	CAT	Caterpillar	Pair Corr

Moving against Lord Mutual Fund

0.73	PG	Procter Gamble	Pair Corr
0.83	T	ATT Inc	Pair Corr
0.83	VZ	Verizon Communications	Pair Corr
0.59	MCD	McDonalds	Pair Corr
0.46	HD	Home Depot	Pair Corr
0.44	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	SWSFX	ABRTX	DHGAX	SGICX	TAAJX	QDIBX	SCXIX
SWSFX		0.81	0.72	0.57	0.63	0.67	0.62	SWSFX
ABRTX	0.81		0.84	0.6	0.9	0.74	0.77	ABRTX
DHGAX	0.72	0.84		0.56	0.87	0.97	0.97	DHGAX
SGICX	0.57	0.6	0.56		0.65	0.55	0.54	SGICX
TAAJX	0.63	0.9	0.87	0.65		0.79	0.86	TAAJX
QDIBX	0.67	0.74	0.97	0.55	0.79		0.97	QDIBX
SCXIX	0.62	0.77	0.97	0.54	0.86	0.97		SCXIX
	SWSFX	ABRTX	DHGAX	SGICX	TAAJX	QDIBX	SCXIX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SWSFX	0.04	0.00	0.00	(0.62)	0.00	0.00	0.10	(0.10)	0.49
ABRTX	0.46	0.03	0.03	0.08	0.62	(0.45)	0.99	(1.07)	3.81
DHGAX	0.12	0.01	(0.04)	1.75	0.00	(0.14)	0.25	(0.20)	0.73
SGICX	0.39	0.02	0.02	0.06	0.48	(0.42)	0.87	(0.92)	2.54
TAAJX	0.25	0.01	(0.01)	0.05	0.27	(0.28)	0.53	(0.52)	1.57
QDIBX	0.18	0.02	0.02	(0.90)	0.06	(0.22)	0.44	(0.33)	1.09
SCXIX	0.18	0.00	0.02	0.00	0.07	(0.22)	0.41	(0.31)	0.93

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