Lord Abbett Correlations

Mutual Funds USA . 
Fund . Lord Abbett Investment
LGRUX Fund   10.24  0.00  0.00%   
The current 90-days correlation between Lord Abbett Investment and Lord Abbett Trust is -0.06 (i.e., Good 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

Significant diversification

The correlation between Lord Abbett Investment and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Investment 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 Investment. 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 employment.

Moving together with Lord Mutual Fund

  0.94ELMFX Lord Abbett TrustPairCorr
  0.94ELMCX Lord Abbett TrustPairCorr
  0.93LFSFX Lord Abbett FocusedPairCorr
  0.98LFRAX Floating RatePairCorr
  0.99LFRFX Floating RatePairCorr
  0.97LFRIX Floating RatePairCorr
  0.98LFRRX Lord Abbett InvPairCorr
  0.98LFROX Lord Abbett FloatingPairCorr
  0.93LFVAX Lord Abbett FocusedPairCorr
  0.93LFVCX Lord Abbett FocusedPairCorr
  0.93HYMQX Lord Abbett ShortPairCorr
  0.95LGCAX Lord Abbett GlobalPairCorr
  0.95LGCFX Lord Abbett GlobalPairCorr
  0.94LGCCX Lord Abbett GlobalPairCorr
  0.94LGCRX Lord Abbett GlobalPairCorr
  0.95LGCOX Lord Abbett GlobalPairCorr
  0.95LGCVX Lord Abbett GlobalPairCorr
  0.94LGCSX Lord Abbett GlobalPairCorr
  0.94LGCYX Lord Abbett GlobalPairCorr
  0.95LGCWX Lord Abbett GlobalPairCorr
  0.96LGLCX Lord Abbett GrowthPairCorr
  0.96LGLAX Lord Abbett GrowthPairCorr
  0.96LGLFX Lord Abbett GrowthPairCorr
  0.96LGLIX Lord Abbett GrowthPairCorr
  0.96LGLOX Lord Abbett GrowthPairCorr
  0.96LGLSX L Abbett GrowthPairCorr
  0.96LGLQX Lord Abbett GrowthPairCorr
  0.96LGLRX Lord Abbett GrowthPairCorr
  0.96LGLUX L Abbett GrowthPairCorr
  0.96LGLVX L Abbett GrowthPairCorr
  0.94EMILX Lord Abbett EmergingPairCorr
  0.92LGOFX Lord Abbett GrowthPairCorr
  0.92LGOQX Lord Abbett GrowthPairCorr
  0.92LGORX Lord Abbett GrowthPairCorr
  0.92LGOPX Lord Abbett GrowthPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ELMFX  0.54  0.18  0.15  0.55  0.00 
(0.68)
 1.59 
(1.15)
 4.15 
ELMCX  0.54  0.17  0.15  0.54  0.00 
(0.68)
 1.61 
(1.16)
 4.15 
LFSFX  0.93  0.30  0.13 (1.74) 0.85 
(1.08)
 2.27 
(1.65)
 6.76 
LFRAX  0.11  0.05 (0.58) 26.99  0.00 
(0.23)
 0.51 
(0.13)
 0.75 
LFRFX  0.10  0.04  0.00  0.92  0.00 
 0.00 
 0.39 
 0.00 
 0.75 
LFRIX  0.11  0.05  0.00  3.32  0.00 
 0.00 
 0.51 
(0.13)
 0.75 
LFRRX  0.10  0.05 (0.59) 41.04  0.00 
(0.21)
 0.38 
(0.13)
 0.75 
LFROX  0.11  0.05  0.00  8.34  0.00 
 0.00 
 0.51 
(0.13)
 0.75 
LFVAX  0.93  0.30  0.13 (1.73) 0.85 
(1.08)
 2.26 
(1.68)
 6.78 
LFVCX  0.93  0.29  0.13 (1.70) 0.86 
(1.07)
 2.24 
(1.68)
 6.75 

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