Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett International
LRAGX Fund  USD 16.00  0.02  0.12%   
The current 90-days correlation between Lord Abbett International and Lord Abbett Trust is -0.16 (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 International and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord 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 Lord 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 price.

Moving together with Lord Mutual Fund

  0.97ELMFX Lord Abbett TrustPairCorr
  0.97ELMCX Lord Abbett TrustPairCorr
  0.92LFSFX Lord Abbett FocusedPairCorr
  0.96LFRAX Floating RatePairCorr
  0.96LFRFX Floating RatePairCorr
  0.97LFRIX Floating RatePairCorr
  0.97LFRRX Lord Abbett InvPairCorr
  0.97LFROX Lord Abbett FloatingPairCorr
  0.92LFVAX Lord Abbett FocusedPairCorr
  0.92LFVCX Lord Abbett FocusedPairCorr
  0.68HYMQX Lord Abbett ShortPairCorr
  0.98LGCAX Lord Abbett GlobalPairCorr
  0.99LGCFX Lord Abbett GlobalPairCorr
  0.98LGLAX Lord Abbett GrowthPairCorr
  0.98LGLFX Lord Abbett GrowthPairCorr
  0.97LGLIX Lord Abbett GrowthPairCorr
  0.97LGLSX L Abbett GrowthPairCorr
  0.98LGLQX Lord Abbett GrowthPairCorr
  0.97LGLUX L Abbett GrowthPairCorr
  0.98LGLVX L Abbett GrowthPairCorr
  0.97EMILX Lord Abbett EmergingPairCorr
  0.98LGOQX Lord Abbett GrowthPairCorr
  0.98LGORX 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 

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