Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Mid
LMCYX Fund  USD 33.63  0.32  0.96%   
The current 90-days correlation between Lord Abbett Mid and Lord Abbett Trust is 0.51 (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 poor diversification

The correlation between Lord Abbett Mid and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Mid 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 Mid. 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 manufacturing.

Moving together with Lord Mutual Fund

  0.95ELMFX Lord Abbett TrustPairCorr
  0.95ELMCX Lord Abbett TrustPairCorr
  0.94LFSFX Lord Abbett FocusedPairCorr
  0.93LFRAX Floating RatePairCorr
  0.93LFRFX Floating RatePairCorr
  0.94LFRIX Floating RatePairCorr
  0.93LFRRX Lord Abbett InvPairCorr
  0.93LFROX Lord Abbett FloatingPairCorr
  0.94LFVAX Lord Abbett FocusedPairCorr
  0.94LFVCX Lord Abbett FocusedPairCorr
  0.86HYMQX Lord Abbett ShortPairCorr
  0.92LGCAX Lord Abbett GlobalPairCorr
  0.93LGCFX Lord Abbett GlobalPairCorr
  0.95LGCCX Lord Abbett GlobalPairCorr
  0.95LGCRX Lord Abbett GlobalPairCorr
  0.95LGCOX Lord Abbett GlobalPairCorr
  0.95LGCVX Lord Abbett GlobalPairCorr
  0.95LGCSX Lord Abbett GlobalPairCorr
  0.95LGCYX Lord Abbett GlobalPairCorr
  0.95LGCWX Lord Abbett GlobalPairCorr
  0.95LGLCX Lord Abbett GrowthPairCorr
  0.93LGLAX Lord Abbett GrowthPairCorr
  0.93LGLFX Lord Abbett GrowthPairCorr
  0.95LGLIX Lord Abbett GrowthPairCorr
  0.95LGLOX Lord Abbett GrowthPairCorr
  0.95LGLSX L Abbett GrowthPairCorr
  0.93LGLQX Lord Abbett GrowthPairCorr
  0.95LGLRX Lord Abbett GrowthPairCorr
  0.95LGLUX L Abbett GrowthPairCorr
  0.93LGLVX L Abbett GrowthPairCorr
  0.95EMILX Lord Abbett EmergingPairCorr
  0.95LGOFX Lord Abbett GrowthPairCorr
  0.93LGOQX Lord Abbett GrowthPairCorr
  0.93LGORX 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  0.53  0.18  0.12  0.61  0.00 
(0.69)
 1.59 
(0.84)
 4.15 
ELMCX  0.53  0.17  0.12  0.60  0.00 
(0.69)
 1.61 
(0.80)
 4.15 
LFSFX  0.93  0.28  0.07 (1.39) 0.86 
(1.08)
 2.27 
(1.65)
 6.76 
LFRAX  0.10  0.05 (0.88) 24.94  0.00 
(0.23)
 0.51 
(0.13)
 0.75 
LFRFX  0.10  0.05  0.00  2.33  0.00 
 0.00 
 0.39 
 0.00 
 0.75 
LFRIX  0.10  0.05  0.00  2.22  0.00 
 0.00 
 0.51 
(0.13)
 0.75 
LFRRX  0.10  0.05 (0.89) 37.80  0.00 
(0.21)
 0.38 
(0.13)
 0.75 
LFROX  0.10  0.05  0.00  4.31  0.00 
 0.00 
 0.51 
(0.13)
 0.75 
LFVAX  0.93  0.28  0.07 (1.38) 0.86 
(1.08)
 2.26 
(1.68)
 6.78 
LFVCX  0.93  0.27  0.07 (1.35) 0.88 
(1.07)
 2.24 
(1.68)
 6.75 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY