Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Inflation
LIFIX Fund  USD 11.86  0.01  0.08%   
The current 90-days correlation between Lord Abbett Inflation and T Rowe Price is 0.08 (i.e., Significant 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 -0.04 (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 gross domestic product.

Moving together with Lord Mutual Fund

  0.63LFSFX Lord Abbett FocusedPairCorr
  0.62LFRFX Floating RatePairCorr
  0.62LFRIX Floating RatePairCorr
  0.62LFRRX Lord Abbett InvPairCorr
  0.62LFROX Lord Abbett FloatingPairCorr
  0.63LFVAX Lord Abbett FocusedPairCorr
  0.63LFVCX Lord Abbett FocusedPairCorr
  0.68HYMQX Lord Abbett ShortPairCorr
  0.84LGCAX Lord Abbett GlobalPairCorr
  0.85LGCFX Lord Abbett GlobalPairCorr
  0.84LGCCX Lord Abbett GlobalPairCorr
  0.84LGCRX Lord Abbett GlobalPairCorr
  0.85LGCOX Lord Abbett GlobalPairCorr
  0.84LGCSX Lord Abbett GlobalPairCorr
  0.84LGCYX Lord Abbett GlobalPairCorr
  0.84LGCWX Lord Abbett GlobalPairCorr
  0.88LGLOX Lord Abbett GrowthPairCorr
  0.88LGLSX L Abbett GrowthPairCorr
  0.88LGLQX Lord Abbett GrowthPairCorr
  0.88LGLVX L Abbett GrowthPairCorr
  0.86EMILX Lord Abbett EmergingPairCorr
  0.83LGOFX Lord Abbett GrowthPairCorr
  0.83LGOQX Lord Abbett GrowthPairCorr
  0.83LGORX Lord Abbett GrowthPairCorr
  0.83LGOPX 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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