Lord Abbett Correlations

LIFAX Fund  USD 11.86  0.01  0.08%   
The current 90-days correlation between Lord Abbett Inflation and Allianzgi Diversified Income is 0.2 (i.e., Modest 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 Inflation and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Inflation 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 Inflation. 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 nation.

Moving together with Lord Mutual Fund

  0.87ELMFX Lord Abbett TrustPairCorr
  0.87ELMCX Lord Abbett TrustPairCorr
  0.92LFSFX Lord Abbett FocusedPairCorr
  0.91LFRAX Floating RatePairCorr
  0.9LFRFX Floating RatePairCorr
  0.9LFRIX Floating RatePairCorr
  0.89LFRRX Lord Abbett InvPairCorr
  0.9LFROX Lord Abbett FloatingPairCorr
  0.92LFVAX Lord Abbett FocusedPairCorr
  0.92LFVCX Lord Abbett FocusedPairCorr
  0.85HYMQX Lord Abbett ShortPairCorr
  0.85LGCAX Lord Abbett GlobalPairCorr
  0.86LGCFX Lord Abbett GlobalPairCorr
  0.85LGCCX Lord Abbett GlobalPairCorr
  0.85LGCRX Lord Abbett GlobalPairCorr
  0.86LGCOX Lord Abbett GlobalPairCorr
  0.86LGCVX Lord Abbett GlobalPairCorr
  0.85LGCSX Lord Abbett GlobalPairCorr
  0.86LGCYX Lord Abbett GlobalPairCorr
  0.86LGCWX Lord Abbett GlobalPairCorr
  0.88LGLCX Lord Abbett GrowthPairCorr
  0.88LGLAX Lord Abbett GrowthPairCorr
  0.88LGLFX Lord Abbett GrowthPairCorr
  0.88LGLIX Lord Abbett GrowthPairCorr
  0.88LGLOX Lord Abbett GrowthPairCorr
  0.88LGLSX L Abbett GrowthPairCorr
  0.88LGLQX Lord Abbett GrowthPairCorr
  0.88LGLRX Lord Abbett GrowthPairCorr
  0.88LGLUX L Abbett GrowthPairCorr
  0.88LGLVX L Abbett GrowthPairCorr
  0.87EMILX Lord Abbett EmergingPairCorr
  0.84LGOFX Lord Abbett GrowthPairCorr
  0.84LGOQX Lord Abbett GrowthPairCorr
  0.84LGORX Lord Abbett GrowthPairCorr
  0.84LGOPX 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.