Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Affiliated
LTFOX Fund  USD 20.03  0.06  0.30%   
The current 90-days correlation between Lord Abbett Affiliated and Lord Abbett Trust is -0.15 (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 Affiliated and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Affiliated 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 Affiliated. 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 persons.

Moving together with Lord Mutual Fund

  0.96ELMFX Lord Abbett TrustPairCorr
  0.96ELMCX Lord Abbett TrustPairCorr
  0.96LFSFX Lord Abbett FocusedPairCorr
  0.98LFRAX Floating RatePairCorr
  0.98LFRFX Floating RatePairCorr
  0.98LFRIX Floating RatePairCorr
  0.98LFRRX Lord Abbett InvPairCorr
  0.98LFROX Lord Abbett FloatingPairCorr
  0.96LFVAX Lord Abbett FocusedPairCorr
  0.96LFVCX Lord Abbett FocusedPairCorr
  0.93HYMQX Lord Abbett ShortPairCorr
  0.99LGCAX Lord Abbett GlobalPairCorr
  0.98LGCFX Lord Abbett GlobalPairCorr
  0.98LGCCX Lord Abbett GlobalPairCorr
  0.98LGCRX Lord Abbett GlobalPairCorr
  0.98LGCOX Lord Abbett GlobalPairCorr
  0.98LGCVX Lord Abbett GlobalPairCorr
  0.98LGCSX Lord Abbett GlobalPairCorr
  0.98LGCYX Lord Abbett GlobalPairCorr
  0.98LGCWX Lord Abbett GlobalPairCorr
  0.98LGLCX Lord Abbett GrowthPairCorr
  0.98LGLAX Lord Abbett GrowthPairCorr
  0.98LGLFX Lord Abbett GrowthPairCorr
  0.98LGLIX Lord Abbett GrowthPairCorr
  0.98LGLOX Lord Abbett GrowthPairCorr
  0.98LGLSX L Abbett GrowthPairCorr
  0.98LGLQX Lord Abbett GrowthPairCorr
  0.98LGLRX Lord Abbett GrowthPairCorr
  0.98LGLUX L Abbett GrowthPairCorr
  0.98LGLVX L Abbett GrowthPairCorr
  0.97EMILX Lord Abbett EmergingPairCorr
  0.96LGOFX Lord Abbett GrowthPairCorr
  0.96LGOQX Lord Abbett GrowthPairCorr
  0.96LGORX Lord Abbett GrowthPairCorr
  0.96LGOPX 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  0.54  0.18  0.15  0.55  0.00 
(0.68)
 1.59 
(1.15)
 4.15 
ELMCX  0.54  0.17  0.15  0.54  0.00 
(0.68)
 1.61 
(1.16)
 4.15 
LFSFX  0.93  0.30  0.13 (1.74) 0.85 
(1.08)
 2.27 
(1.65)
 6.76 
LFRAX  0.11  0.05 (0.58) 26.99  0.00 
(0.23)
 0.51 
(0.13)
 0.75 
LFRFX  0.10  0.04  0.00  0.92  0.00 
 0.00 
 0.39 
 0.00 
 0.75 
LFRIX  0.11  0.05  0.00  3.32  0.00 
 0.00 
 0.51 
(0.13)
 0.75 
LFRRX  0.10  0.05 (0.59) 41.04  0.00 
(0.21)
 0.38 
(0.13)
 0.75 
LFROX  0.11  0.05  0.00  8.34  0.00 
 0.00 
 0.51 
(0.13)
 0.75 
LFVAX  0.93  0.30  0.13 (1.73) 0.85 
(1.08)
 2.26 
(1.68)
 6.78 
LFVCX  0.93  0.29  0.13 (1.70) 0.86 
(1.07)
 2.24 
(1.68)
 6.75 

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