Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Growth
LGOQX Fund  USD 25.02  0.18  0.72%   
The current 90-days correlation between Lord Abbett Growth and Ep Emerging Markets is 0.36 (i.e., Weak 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 -0.14 (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 producer price index.

Moving together with Lord Mutual Fund

  0.61ELMFX Lord Abbett TrustPairCorr
  0.61ELMCX Lord Abbett TrustPairCorr
  0.8HYMQX Lord Abbett ShortPairCorr
  0.61HYMFX Lord Abbett HighPairCorr
  0.99LGCFX Lord Abbett GlobalPairCorr
  0.99LGCCX Lord Abbett GlobalPairCorr
  0.99LGCRX Lord Abbett GlobalPairCorr
  0.99LGCOX Lord Abbett GlobalPairCorr
  0.75LGCVX Lord Abbett GlobalPairCorr
  0.99LGCSX Lord Abbett GlobalPairCorr
  0.99LGCYX Lord Abbett GlobalPairCorr
  0.99LGCWX Lord Abbett GlobalPairCorr
  0.71LGLCX Lord Abbett GrowthPairCorr
  0.7LGLAX Lord Abbett GrowthPairCorr
  0.62LGLIX Lord Abbett GrowthPairCorr
  0.97LGLOX Lord Abbett GrowthPairCorr
  0.98LGLSX L Abbett GrowthPairCorr
  0.99LGLQX Lord Abbett GrowthPairCorr
  0.62LGLRX Lord Abbett GrowthPairCorr
  0.62LGLUX L Abbett GrowthPairCorr
  0.99LGLVX L Abbett GrowthPairCorr
  0.97EMILX Lord Abbett EmergingPairCorr
  1.0LGOFX Lord Abbett GrowthPairCorr
  1.0LGORX Lord Abbett GrowthPairCorr
  1.0LGOPX Lord Abbett GrowthPairCorr
  1.0LGOVX 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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