Lord Abbett Correlations

LHCTX Fund

USD 18.22 0.06 0.33%

The current 90-days correlation between Lord Abbett Health and Lord Abbett Trust is 0.32 (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

Poor diversification

The correlation between Lord Abbett Health and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Health 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 Health. 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 estimate.

Moving together with Lord Mutual Fund

0.61	LGLFX	Lord Abbett Growth	Pair Corr
0.61	LGLSX	L Abbett Growth	Pair Corr
0.88	LHCCX	Lord Abbett Health	Pair Corr
1.0	LHCQX	Lord Abbett Health	Pair Corr
0.69	LIGFX	Lord Abbett Diversified	Pair Corr
0.65	LIFAX	Lord Abbett Inflation	Pair Corr
0.69	LIXRX	Lord Abbett Diversified	Pair Corr
0.68	SDHIX	Lord Abbett Short	Pair Corr
0.61	LACCX	Lord Abbett Vertible	Pair Corr
0.65	LSYIX	Lord Abbett Short	Pair Corr
0.65	LSYFX	Lord Abbett Short	Pair Corr
0.61	LCFSX	Lord Abbett Vertible	Pair Corr
0.61	LCFYX	Lord Abbett Convertible	Pair Corr
0.64	LUSNX	Lord Abbett Ultra	Pair Corr
0.64	LDLFX	Lord Abbett Short	Pair Corr
0.67	VGHAX	Vanguard Health Care	Pair Corr
0.66	VGHCX	Vanguard Health Care	Pair Corr
0.67	PRHSX	T Rowe Price	Pair Corr
0.67	THISX	T Rowe Price	Pair Corr
0.75	VHCIX	Vanguard Health Care	Pair Corr
0.76	FSPHX	Health Care Portfolio	Pair Corr
0.71	PFN	Pimco Income Strategy	Pair Corr

Moving against Lord Mutual Fund

0.31

XNBHX

Neuberger Berman Int

Pair Corr

Related Correlations Analysis

	ELMFX	ELMCX	LFSFX	LFRAX	LFRFX	LFRIX	LFRRX	LFROX	LFVAX	LFVCX
ELMFX		1.0	0.94	0.97	0.97	0.97	0.97	0.97	0.94	0.93	ELMFX
ELMCX	1.0		0.93	0.96	0.97	0.97	0.97	0.97	0.93	0.93	ELMCX
LFSFX	0.94	0.93		0.96	0.95	0.95	0.95	0.95	1.0	1.0	LFSFX
LFRAX	0.97	0.96	0.96		1.0	1.0	1.0	1.0	0.96	0.95	LFRAX
LFRFX	0.97	0.97	0.95	1.0		1.0	1.0	1.0	0.95	0.95	LFRFX
LFRIX	0.97	0.97	0.95	1.0	1.0		1.0	1.0	0.95	0.95	LFRIX
LFRRX	0.97	0.97	0.95	1.0	1.0	1.0		1.0	0.95	0.95	LFRRX
LFROX	0.97	0.97	0.95	1.0	1.0	1.0	1.0		0.95	0.95	LFROX
LFVAX	0.94	0.93	1.0	0.96	0.95	0.95	0.95	0.95		1.0	LFVAX
LFVCX	0.93	0.93	1.0	0.95	0.95	0.95	0.95	0.95	1.0		LFVCX
	ELMFX	ELMCX	LFSFX	LFRAX	LFRFX	LFRIX	LFRRX	LFROX	LFVAX	LFVCX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ELMFX	0.54	0.18	0.14	0.55	0.00	(0.69)	1.59	(1.15)	4.15
ELMCX	0.54	0.17	0.15	0.54	0.00	(0.69)	1.61	(1.16)	4.15
LFSFX	0.93	0.27	0.10	(1.69)	0.85	(1.08)	2.27	(1.65)	6.76
LFRAX	0.10	0.05	(0.64)	11.85	0.00	(0.23)	0.51	(0.13)	0.75
LFRFX	0.10	0.05	0.00	2.23	0.00	0.00	0.39	0.00	0.75
LFRIX	0.10	0.05	0.00	2.74	0.00	0.00	0.51	(0.13)	0.75
LFRRX	0.10	0.04	(0.66)	14.17	0.00	(0.21)	0.38	(0.13)	0.75
LFROX	0.10	0.05	0.00	5.88	0.00	0.00	0.51	(0.13)	0.75
LFVAX	0.93	0.27	0.10	(1.68)	0.86	(1.08)	2.26	(1.68)	6.78
LFVCX	0.93	0.27	0.10	(1.65)	0.88	(1.07)	2.24	(1.68)	6.75

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