Lord Abbett Correlations

Mutual Funds USA . 
Fund . Lord Abbett E
LCRYX Fund  USD 9.19  0.02  0.22%   
The current 90-days correlation between Lord Abbett E and Lord Abbett Trust is 0.01 (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

Modest diversification

The correlation between Lord Abbett E and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett E 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 E. 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

  0.64ELMFX Lord Abbett TrustPairCorr
  0.64ELMCX Lord Abbett TrustPairCorr
  0.73LFSFX Lord Abbett FocusedPairCorr
  0.69LFRAX Floating RatePairCorr
  0.68LFRFX Floating RatePairCorr
  0.68LFRIX Floating RatePairCorr
  0.67LFRRX Lord Abbett InvPairCorr
  0.68LFROX Lord Abbett FloatingPairCorr
  0.73LFVAX Lord Abbett FocusedPairCorr
  0.72LFVCX Lord Abbett FocusedPairCorr
  0.79HYMQX Lord Abbett ShortPairCorr
  0.63LGCAX Lord Abbett GlobalPairCorr
  0.63LGCFX Lord Abbett GlobalPairCorr
  0.63LGCCX Lord Abbett GlobalPairCorr
  0.63LGCRX Lord Abbett GlobalPairCorr
  0.63LGCOX Lord Abbett GlobalPairCorr
  0.63LGCVX Lord Abbett GlobalPairCorr
  0.63LGCSX Lord Abbett GlobalPairCorr
  0.63LGCYX Lord Abbett GlobalPairCorr
  0.63LGCWX Lord Abbett GlobalPairCorr
  0.67LGLCX Lord Abbett GrowthPairCorr
  0.67LGLAX Lord Abbett GrowthPairCorr
  0.67LGLFX Lord Abbett GrowthPairCorr
  0.67LGLIX Lord Abbett GrowthPairCorr
  0.67LGLOX Lord Abbett GrowthPairCorr
  0.67LGLSX L Abbett GrowthPairCorr
  0.67LGLQX Lord Abbett GrowthPairCorr
  0.67LGLRX Lord Abbett GrowthPairCorr
  0.67LGLUX L Abbett GrowthPairCorr
  0.67LGLVX L Abbett GrowthPairCorr
  0.65EMILX Lord Abbett EmergingPairCorr

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  0.54  0.18  0.15  0.55  0.00 
(0.68)
 1.59 
(1.15)
 4.15 
ELMCX  0.54  0.17  0.15  0.54  0.00 
(0.68)
 1.61 
(1.16)
 4.15 
LFSFX  0.93  0.11  0.11  0.23  0.85 
(1.08)
 2.27 
(1.65)
 6.76 
LFRAX  0.10  0.04 (0.60) 0.69  0.00 
(0.23)
 0.51 
(0.13)
 0.75 
LFRFX  0.10  0.04  0.00  0.92  0.00 
 0.00 
 0.39 
 0.00 
 0.75 
LFRIX  0.10  0.04  0.00  1.04  0.00 
 0.00 
 0.51 
(0.13)
 0.75 
LFRRX  0.10  0.04 (0.62) 0.80  0.00 
(0.21)
 0.38 
(0.13)
 0.75 
LFROX  0.10  0.04  0.00  0.83  0.00 
 0.00 
 0.51 
(0.13)
 0.75 
LFVAX  0.93  0.11  0.11  0.23  0.86 
(1.08)
 2.26 
(1.68)
 6.78 
LFVCX  0.93  0.10  0.10  0.23  0.88 
(1.07)
 2.24 
(1.68)
 6.75 

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