Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett High
LHYVX Fund  USD 6.39  0.01  0.16%   
The current 90-days correlation between Lord Abbett High and Lord Abbett Trust is 0.45 (i.e., Very 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

Very weak diversification

The correlation between Lord Abbett High and DJI is 0.55 (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 High 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 High. 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 real.

Moving together with Lord Mutual Fund

  0.97ELMFX Lord Abbett TrustPairCorr
  0.97ELMCX Lord Abbett TrustPairCorr
  0.95LFSFX Lord Abbett FocusedPairCorr
  0.98LFRAX Floating RatePairCorr
  0.98LFRFX Floating RatePairCorr
  0.98LFRIX Floating RatePairCorr
  0.98LFRRX Lord Abbett InvPairCorr
  0.97LFROX Lord Abbett FloatingPairCorr
  0.95LFVAX Lord Abbett FocusedPairCorr
  0.94LFVCX Lord Abbett FocusedPairCorr
  0.93HYMQX Lord Abbett ShortPairCorr
  0.96LGCAX Lord Abbett GlobalPairCorr
  0.96LGCFX Lord Abbett GlobalPairCorr
  0.96LGCCX Lord Abbett GlobalPairCorr
  0.96LGCRX Lord Abbett GlobalPairCorr
  0.96LGCOX Lord Abbett GlobalPairCorr
  0.96LGCVX Lord Abbett GlobalPairCorr
  0.96LGCSX Lord Abbett GlobalPairCorr
  0.96LGCYX Lord Abbett GlobalPairCorr
  0.96LGCWX Lord Abbett GlobalPairCorr
  0.97LGLCX Lord Abbett GrowthPairCorr
  0.97LGLAX Lord Abbett GrowthPairCorr
  0.98LGLFX Lord Abbett GrowthPairCorr
  0.98LGLIX Lord Abbett GrowthPairCorr
  0.97LGLOX Lord Abbett GrowthPairCorr
  0.98LGLSX L Abbett GrowthPairCorr
  0.98LGLQX Lord Abbett GrowthPairCorr
  0.98LGLRX Lord Abbett GrowthPairCorr
  0.98LGLUX L Abbett GrowthPairCorr
  0.98LGLVX L Abbett GrowthPairCorr
  0.97EMILX Lord Abbett EmergingPairCorr
  0.95LGOFX Lord Abbett GrowthPairCorr
  0.95LGOQX Lord Abbett GrowthPairCorr
  0.95LGORX Lord Abbett GrowthPairCorr
  0.95LGOPX 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  0.14  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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