Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Focused
LMVVX Fund  USD 28.82  0.17  0.59%   
The current 90-days correlation between Lord Abbett Focused and Teachers Insurance And is -0.07 (i.e., Good 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 Focused and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Focused 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 Focused. 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

  0.62ELMFX Lord Abbett TrustPairCorr
  0.62ELMCX Lord Abbett TrustPairCorr
  0.7LFSFX Lord Abbett FocusedPairCorr
  0.68LFRAX Floating RatePairCorr
  0.68LFRFX Floating RatePairCorr
  0.67LFRIX Floating RatePairCorr
  0.67LFRRX Lord Abbett InvPairCorr
  0.67LFROX Lord Abbett FloatingPairCorr
  0.7LFVAX Lord Abbett FocusedPairCorr
  0.7LFVCX Lord Abbett FocusedPairCorr
  0.62HYMQX Lord Abbett ShortPairCorr
  0.9LGCCX Lord Abbett GlobalPairCorr
  0.61LGCVX Lord Abbett GlobalPairCorr
  0.66LGLCX Lord Abbett GrowthPairCorr
  0.66LGLAX Lord Abbett GrowthPairCorr
  0.66LGLFX Lord Abbett GrowthPairCorr
  0.66LGLSX L Abbett GrowthPairCorr
  0.66LGLRX Lord Abbett GrowthPairCorr
  0.66LGLUX L Abbett GrowthPairCorr
  0.62EMILX Lord Abbett EmergingPairCorr
  0.8LGRYX Lord Abbett InvestmentPairCorr
  0.67LHYQX Lord Abbett HighPairCorr
  0.67LHYRX Lord Abbett HighPairCorr
  0.73LHYVX Lord Abbett HighPairCorr
  0.82LHYSX Lord Abbett HighPairCorr
  0.82LHYTX Lord Abbett HighPairCorr
  0.82LHYAX Lord Abbett HighPairCorr
  0.67LHYFX Lord Abbett HighPairCorr
  0.68LIGFX Lord Abbett DiversifiedPairCorr
  0.95LIGQX Lord Abbett DiversifiedPairCorr
  0.61LIFAX Lord Abbett InflationPairCorr
  0.76LIFFX Lord Abbett InflationPairCorr
  0.76LIFQX Lord Abbett InflationPairCorr
  0.63LIFRX Lord Abbett InflationPairCorr
  0.63LIFTX Lord Abbett InflationPairCorr

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.

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