Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Inv
LFRRX Fund  USD 8.04  0.01  0.12%   
The current 90-days correlation between Lord Abbett Inv and Advent Claymore Convertible is 0.06 (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

Average diversification

The correlation between Lord Abbett Inv and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Inv 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 Inv. 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 employment.

Moving together with Lord Mutual Fund

  0.84ELMFX Lord Abbett TrustPairCorr
  0.84ELMCX Lord Abbett TrustPairCorr
  0.99LFRAX Floating RatePairCorr
  0.99LFRFX Floating RatePairCorr
  0.99LFRIX Floating RatePairCorr
  0.99LFROX Lord Abbett FloatingPairCorr
  0.83HYMOX Lord Abbett HighPairCorr
  0.84HYMQX Lord Abbett ShortPairCorr
  0.81HYMAX Lord Abbett HighPairCorr
  0.81HYMCX Lord Abbett HighPairCorr
  0.82HYMFX Lord Abbett HighPairCorr
  0.83HYMIX Lord Abbett HighPairCorr
  0.63LGCAX Lord Abbett GlobalPairCorr
  0.63LGCFX Lord Abbett GlobalPairCorr
  0.62LGCCX 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
  0.64LGCWX Lord Abbett GlobalPairCorr
  0.69LGLCX Lord Abbett GrowthPairCorr
  0.69LGLAX Lord Abbett GrowthPairCorr
  0.71LGLFX Lord Abbett GrowthPairCorr
  0.71LGLIX Lord Abbett GrowthPairCorr
  0.71LGLOX Lord Abbett GrowthPairCorr
  0.72LGLSX L Abbett GrowthPairCorr
  0.71LGLQX Lord Abbett GrowthPairCorr
  0.71LGLRX Lord Abbett GrowthPairCorr
  0.71LGLUX L Abbett GrowthPairCorr
  0.71LGLVX L Abbett GrowthPairCorr
  0.77EMILX Lord Abbett EmergingPairCorr
  0.74LGOFX Lord Abbett GrowthPairCorr
  0.75LGOQX Lord Abbett GrowthPairCorr
  0.75LGORX Lord Abbett GrowthPairCorr
  0.75LGOPX Lord Abbett GrowthPairCorr

Related Correlations Analysis


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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