L Abbett Correlations

Mutual Funds USA . 
Fund . L Abbett International
LINSX Fund  USD 21.58  0.09  0.42%   
The current 90-days correlation between L Abbett International and Lord Abbett Trust is 0.43 (i.e., Very weak diversification). The correlation of L 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.

L Abbett Correlation With Market

Weak diversification

The correlation between L Abbett International and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding L Abbett International 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 L Abbett International. 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 state.

Moving together with LINSX Mutual Fund

  0.96ELMFX Lord Abbett TrustPairCorr
  0.96ELMCX Lord Abbett TrustPairCorr
  0.88LFSFX Lord Abbett FocusedPairCorr
  0.95LFRAX Floating RatePairCorr
  0.95LFRFX Floating RatePairCorr
  0.96LFRIX Floating RatePairCorr
  0.96LFRRX Lord Abbett InvPairCorr
  0.96LFROX Lord Abbett FloatingPairCorr
  0.88LFVAX Lord Abbett FocusedPairCorr
  0.88LFVCX Lord Abbett FocusedPairCorr
  0.9HYMQX Lord Abbett ShortPairCorr
  0.98LGCAX Lord Abbett GlobalPairCorr
  0.98LGCFX Lord Abbett GlobalPairCorr
  0.98LGCCX Lord Abbett GlobalPairCorr
  0.98LGCRX Lord Abbett GlobalPairCorr
  0.98LGCOX Lord Abbett GlobalPairCorr
  0.98LGCVX Lord Abbett GlobalPairCorr
  0.98LGCSX Lord Abbett GlobalPairCorr
  0.98LGCYX Lord Abbett GlobalPairCorr
  0.98LGCWX Lord Abbett GlobalPairCorr
  0.97LGLCX Lord Abbett GrowthPairCorr
  0.97LGLAX Lord Abbett GrowthPairCorr
  0.97LGLFX Lord Abbett GrowthPairCorr
  0.97LGLIX Lord Abbett GrowthPairCorr
  0.97LGLOX Lord Abbett GrowthPairCorr
  0.97LGLSX L Abbett GrowthPairCorr
  0.97LGLQX Lord Abbett GrowthPairCorr
  0.97LGLRX Lord Abbett GrowthPairCorr
  0.97LGLUX L Abbett GrowthPairCorr
  0.97LGLVX L Abbett GrowthPairCorr
  0.96EMILX Lord Abbett EmergingPairCorr
  0.96LGOFX Lord Abbett GrowthPairCorr
  0.96LGOQX Lord Abbett GrowthPairCorr
  0.96LGORX Lord Abbett GrowthPairCorr
  0.96LGOPX Lord Abbett GrowthPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between LINSX Mutual Fund performing well and L 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 L 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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