Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Growth
LGLAX Fund  USD 51.70  0.16  0.31%   
The current 90-days correlation between Lord Abbett Growth and Needham Aggressive Growth 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

Good diversification

The correlation between Lord Abbett Growth and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Growth 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 Growth. 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 nation.

Moving together with Lord Mutual Fund

  0.98LFRFX Floating RatePairCorr
  0.98LFRIX Floating RatePairCorr
  0.98LFRRX Lord Abbett InvPairCorr
  0.94LFVCX Lord Abbett FocusedPairCorr
  0.91HYMQX Lord Abbett ShortPairCorr
  0.98LGCVX Lord Abbett GlobalPairCorr
  0.99LGLFX Lord Abbett GrowthPairCorr
  0.99LGLSX L Abbett GrowthPairCorr
  0.98EMILX Lord Abbett EmergingPairCorr
  0.61LHCCX Lord Abbett HealthPairCorr
  0.98LIGFX Lord Abbett DiversifiedPairCorr
  0.87LIFAX Lord Abbett InflationPairCorr
  0.97LINFX Lord Abbett InternationalPairCorr
  0.97LIXRX Lord Abbett DiversifiedPairCorr
  0.91SDHIX Lord Abbett ShortPairCorr
  0.88LOISX Lord Abbett IntermediatePairCorr
  0.98LRRKX Floating RatePairCorr
  0.99LRRRX Floating RatePairCorr
  0.98LRRVX Floating RatePairCorr
  0.98LRRTX Floating RatePairCorr
  0.96LRSOX Lord Abbett SmallPairCorr
  0.98LAAFX Lord Abbett AffiliatedPairCorr
  0.97LACCX Lord Abbett VertiblePairCorr
  0.98LACFX Lord Abbett VertiblePairCorr
  0.99LARCX Floating RatePairCorr
  0.97LAVVX L Abbett FundamentalPairCorr
  0.98LSYIX Lord Abbett ShortPairCorr
  0.98LSYFX Lord Abbett ShortPairCorr
  0.96LBNOX Lord Abbett BondPairCorr
  0.99LTFOX Lord Abbett AffiliatedPairCorr
  0.95LCDFX Lord Abbett EmergingPairCorr
  0.97LCFSX Lord Abbett VertiblePairCorr
  0.97LCFYX Lord Abbett ConvertiblePairCorr
  0.94LUSNX Lord Abbett UltraPairCorr
  0.91LDLFX Lord Abbett ShortPairCorr
  0.99LVFLX Lord Abbett FocusedPairCorr
  0.95LVOAX Lord Abbett ValuePairCorr
  0.99FAFGX American FundsPairCorr

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY