Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Global
LGCCX Fund  USD 18.21  0.29  1.62%   
The current 90-days correlation between Lord Abbett Global and Fpa Queens Road 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

Good diversification

The correlation between Lord Abbett Global and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Global 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 Global. 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 main economic indicators.

Moving together with Lord Mutual Fund

  0.88ELMFX Lord Abbett TrustPairCorr
  0.88ELMCX Lord Abbett TrustPairCorr
  0.65LFSFX Lord Abbett FocusedPairCorr
  0.97LFRFX Floating RatePairCorr
  0.96LFRRX Lord Abbett InvPairCorr
  0.94LFROX Lord Abbett FloatingPairCorr
  0.65LFVAX Lord Abbett FocusedPairCorr
  0.9LGCVX Lord Abbett GlobalPairCorr
  0.87LGLSX L Abbett GrowthPairCorr
  0.99LGLUX L Abbett GrowthPairCorr
  0.85LIGFX Lord Abbett DiversifiedPairCorr
  0.84LIGQX Lord Abbett DiversifiedPairCorr
  0.83LIXVX Lord Abbett MultiPairCorr
  0.84LIXRX Lord Abbett DiversifiedPairCorr
  0.83LIXTX Lord Abbett MultiPairCorr
  0.82LIXSX Lord Abbett MultiPairCorr
  0.85BDLAX Lord Abbett BondPairCorr
  0.76LLDYX Lord Abbett ShortPairCorr
  0.73LMCFX Lord Abbett MidPairCorr
  0.89BFLAX Lord Abbett BalancedPairCorr
  0.97LMGCX Lord Abbett GrowthPairCorr
  0.98LMIYX Lord Abbett MicroPairCorr
  0.65LMVOX Lord Abbett FocusedPairCorr
  0.65LMVVX Lord Abbett FocusedPairCorr
  0.84ISFAX Lord Abbett DiversifiedPairCorr
  0.86ISFCX Lord Abbett MultiPairCorr
  0.86ISFOX Lord Abbett MultiPairCorr
  0.84ISFYX Lord Abbett DiversifiedPairCorr
  0.89LOBFX Lord Abbett MultiPairCorr
  0.97LOMGX Lord Abbett GrowthPairCorr
  0.65LOVLX Lord Abbett MidPairCorr
  0.89LABFX Lord Abbett MultiPairCorr
  0.8LRSQX Small Cap ValuePairCorr
  0.82LRSOX Lord Abbett SmallPairCorr
  0.95LAAFX Lord Abbett AffiliatedPairCorr
  0.87LABPX Lord Abbett BalancedPairCorr

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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