Lord Abbett Correlations

LOMGX Fund  USD 33.92  0.90  2.58%   
The current 90-days correlation between Lord Abbett Growth and Angel Oak Ultrashort is -0.12 (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 Growth and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Growth 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 Growth. 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 price.

Moving together with Lord Mutual Fund

  0.93ELMFX Lord Abbett TrustPairCorr
  0.93ELMCX Lord Abbett TrustPairCorr
  0.95LFSFX Lord Abbett FocusedPairCorr
  0.91LFRAX Floating RatePairCorr
  0.95LFRFX Floating RatePairCorr
  0.94LFRIX Floating RatePairCorr
  0.97LFRRX Lord Abbett InvPairCorr
  0.97LFROX Lord Abbett FloatingPairCorr
  0.95LFVAX Lord Abbett FocusedPairCorr
  0.86LFVCX Lord Abbett FocusedPairCorr
  0.85LGCAX Lord Abbett GlobalPairCorr
  0.94LGCFX Lord Abbett GlobalPairCorr
  0.87LGCRX Lord Abbett GlobalPairCorr
  0.87LGCSX Lord Abbett GlobalPairCorr
  0.87LGCYX Lord Abbett GlobalPairCorr
  0.87LGCWX Lord Abbett GlobalPairCorr
  0.99LGLCX Lord Abbett GrowthPairCorr
  0.84LGLFX Lord Abbett GrowthPairCorr
  0.84LGLOX Lord Abbett GrowthPairCorr
  0.92LGLSX L Abbett GrowthPairCorr
  0.92LGLRX Lord Abbett GrowthPairCorr
  0.86LGLUX L Abbett GrowthPairCorr
  0.97EMILX Lord Abbett EmergingPairCorr
  0.85LGOFX Lord Abbett GrowthPairCorr
  0.85LGORX Lord Abbett GrowthPairCorr
  0.85LGOPX Lord Abbett GrowthPairCorr
  0.92LGOVX Lord Abbett GrowthPairCorr
  0.85LGOSX Lord Abbett GrowthPairCorr
  0.85LGOTX Lord Abbett GrowthPairCorr
  0.7LGRAX Lord Abbett InvestmentPairCorr
  0.74LGRFX Lord Abbett InvestmentPairCorr
  0.69LGRUX Lord Abbett InvestmentPairCorr
  0.74LGRYX Lord Abbett InvestmentPairCorr
  0.88EMWLX Lord Abbett TrustPairCorr
  0.67LHCCX Lord Abbett HealthPairCorr
  0.61LHCAX Lord Abbett HealthPairCorr
  0.68LHCFX Lord Abbett HealthPairCorr

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.