Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Global
LGCSX Fund  USD 20.24  0.07  0.35%   
The current 90-days correlation between Lord Abbett Global and Qs Moderate Growth is 0.95 (i.e., Almost no 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 Global and DJI is 0.79 (i.e., Poor 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

  0.86ELMFX Lord Abbett TrustPairCorr
  0.86ELMCX Lord Abbett TrustPairCorr
  0.7LFRAX Floating RatePairCorr
  0.71LFRFX Floating RatePairCorr
  0.71LFRIX Floating RatePairCorr
  0.7LFRRX Lord Abbett InvPairCorr
  0.69LFROX Lord Abbett FloatingPairCorr
  0.71HYMOX Lord Abbett HighPairCorr
  0.75HYMQX Lord Abbett ShortPairCorr
  0.71HYMAX Lord Abbett HighPairCorr
  0.71HYMCX Lord Abbett HighPairCorr
  0.71HYMFX Lord Abbett HighPairCorr
  0.71HYMIX Lord Abbett HighPairCorr
  1.0LGCAX Lord Abbett GlobalPairCorr
  1.0LGCFX Lord Abbett GlobalPairCorr
  1.0LGCCX Lord Abbett GlobalPairCorr
  1.0LGCRX Lord Abbett GlobalPairCorr
  1.0LGCOX Lord Abbett GlobalPairCorr
  1.0LGCVX Lord Abbett GlobalPairCorr
  1.0LGCYX Lord Abbett GlobalPairCorr
  1.0LGCWX Lord Abbett GlobalPairCorr
  0.89LGLCX Lord Abbett GrowthPairCorr
  0.89LGLAX Lord Abbett GrowthPairCorr
  0.89LGLFX Lord Abbett GrowthPairCorr
  0.89LGLIX Lord Abbett GrowthPairCorr
  0.89LGLOX Lord Abbett GrowthPairCorr
  0.89LGLSX L Abbett GrowthPairCorr
  0.89LGLQX Lord Abbett GrowthPairCorr
  0.89LGLRX Lord Abbett GrowthPairCorr
  0.89LGLUX L Abbett GrowthPairCorr
  0.89LGLVX L Abbett GrowthPairCorr
  0.86EMILX Lord Abbett EmergingPairCorr
  0.88LGOFX Lord Abbett GrowthPairCorr
  0.88LGOQX Lord Abbett GrowthPairCorr
  0.88LGORX Lord Abbett GrowthPairCorr
  0.88LGOPX 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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