Lord Abbett Correlations

Mutual Funds USA . 
Fund . Lord Abbett Short
LSYQX Fund  USD 9.79  0.01  0.10%   
The current 90-days correlation between Lord Abbett Short and T Rowe Price is 0.12 (i.e., Average 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

Average diversification

The correlation between Lord Abbett Short and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Short 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 Short. 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 producer price index.

Moving together with Lord Mutual Fund

  0.85ELMFX Lord Abbett TrustPairCorr
  0.85ELMCX Lord Abbett TrustPairCorr
  0.8LFSFX Lord Abbett FocusedPairCorr
  0.86LFRAX Floating RatePairCorr
  0.76LFRFX Floating RatePairCorr
  0.74LFRIX Floating RatePairCorr
  0.75LFRRX Lord Abbett InvPairCorr
  0.86LFROX Lord Abbett FloatingPairCorr
  0.71LFVAX Lord Abbett FocusedPairCorr
  0.79LFVCX Lord Abbett FocusedPairCorr
  0.9HYMQX Lord Abbett ShortPairCorr
  0.72LGCAX Lord Abbett GlobalPairCorr
  0.72LGCFX Lord Abbett GlobalPairCorr
  0.97LGCVX Lord Abbett GlobalPairCorr
  0.98LGLCX Lord Abbett GrowthPairCorr
  0.98LGLAX Lord Abbett GrowthPairCorr
  0.75LGLFX Lord Abbett GrowthPairCorr
  0.86LGLIX Lord Abbett GrowthPairCorr
  0.75LGLSX L Abbett GrowthPairCorr
  0.76LGLQX Lord Abbett GrowthPairCorr
  0.86LGLRX Lord Abbett GrowthPairCorr
  0.86LGLUX L Abbett GrowthPairCorr
  0.76LGLVX L Abbett GrowthPairCorr
  0.71EMILX Lord Abbett EmergingPairCorr
  0.95LGOFX Lord Abbett GrowthPairCorr
  0.69LGOQX Lord Abbett GrowthPairCorr
  0.69LGORX Lord Abbett GrowthPairCorr
  0.84LGOVX Lord Abbett GrowthPairCorr
  0.7LGOSX Lord Abbett GrowthPairCorr
  0.78LGRAX Lord Abbett InvestmentPairCorr
  0.78LGRFX Lord Abbett InvestmentPairCorr
  0.79LGRUX Lord Abbett InvestmentPairCorr
  0.71EMOLX Lord Abbett TrustPairCorr
  0.71EMWLX Lord Abbett TrustPairCorr

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.

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