Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Growth
LGOPX Fund  USD 26.33  0.18  0.69%   
The current 90-days correlation between Lord Abbett Growth and L Abbett Fundamental is 0.63 (i.e., 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

Very weak diversification

The correlation between Lord Abbett Growth and DJI is 0.54 (i.e., Very weak 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 american community survey.

Moving together with Lord Mutual Fund

  0.63ELMFX Lord Abbett TrustPairCorr
  0.63ELMCX Lord Abbett TrustPairCorr
  0.61LFSFX Lord Abbett FocusedPairCorr
  0.66LFRAX Floating RatePairCorr
  0.67LFRFX Floating RatePairCorr
  0.66LFRIX Floating RatePairCorr
  0.67LFRRX Lord Abbett InvPairCorr
  0.67LFROX Lord Abbett FloatingPairCorr
  0.61LFVAX Lord Abbett FocusedPairCorr
  0.61LFVCX Lord Abbett FocusedPairCorr
  0.63HYMQX Lord Abbett ShortPairCorr
  0.67LGCFX Lord Abbett GlobalPairCorr
  0.85LGCCX Lord Abbett GlobalPairCorr
  0.85LGCRX Lord Abbett GlobalPairCorr
  0.99LGCOX Lord Abbett GlobalPairCorr
  0.66LGCVX Lord Abbett GlobalPairCorr
  0.99LGCSX Lord Abbett GlobalPairCorr
  0.99LGCYX Lord Abbett GlobalPairCorr
  0.85LGCWX Lord Abbett GlobalPairCorr
  0.69LGLCX Lord Abbett GrowthPairCorr
  0.69LGLAX Lord Abbett GrowthPairCorr
  0.69LGLFX Lord Abbett GrowthPairCorr
  0.69LGLIX Lord Abbett GrowthPairCorr
  0.98LGLOX Lord Abbett GrowthPairCorr
  0.69LGLSX L Abbett GrowthPairCorr
  0.7LGLQX Lord Abbett GrowthPairCorr
  0.69LGLRX Lord Abbett GrowthPairCorr
  0.69LGLUX L Abbett GrowthPairCorr
  0.98LGLVX L Abbett GrowthPairCorr
  0.63EMILX Lord Abbett EmergingPairCorr
  0.83LGOFX Lord Abbett GrowthPairCorr
  1.0LGOQX Lord Abbett GrowthPairCorr
  0.66LGORX Lord Abbett GrowthPairCorr
  0.66LGOVX Lord Abbett GrowthPairCorr

Related Correlations Analysis

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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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