Lord Abbett Correlations

ELMCX Fund

USD 16.52 0.13 0.79%

The current 90-days correlation between Lord Abbett Trust and Pnc Emerging Markets is 0.05 (i.e., Significant 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

Significant diversification

The correlation between Lord Abbett Trust and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Trust and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Lord Abbett Trust. 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 main economic indicators.

Moving together with Lord Mutual Fund

1.0	ELMFX	Lord Abbett Trust	Pair Corr
0.64	HYMOX	Lord Abbett High	Pair Corr
0.7	HYMQX	Lord Abbett Short	Pair Corr
0.64	HYMAX	Lord Abbett High	Pair Corr
0.64	HYMFX	Lord Abbett High	Pair Corr
0.64	HYMIX	Lord Abbett High	Pair Corr
1.0	EMILX	Lord Abbett Emerging	Pair Corr

Moving against Lord Mutual Fund

0.56	LFVCX	Lord Abbett Focused	Pair Corr
0.55	LFVAX	Lord Abbett Focused	Pair Corr
0.5	LFSFX	Lord Abbett Focused	Pair Corr
0.44	LGLCX	Lord Abbett Growth	Pair Corr
0.44	LGLAX	Lord Abbett Growth	Pair Corr
0.44	LGLFX	Lord Abbett Growth	Pair Corr
0.44	LGLIX	Lord Abbett Growth	Pair Corr
0.44	LGLSX	L Abbett Growth	Pair Corr
0.44	LGLQX	Lord Abbett Growth	Pair Corr
0.44	LGLRX	Lord Abbett Growth	Pair Corr
0.44	LGLUX	L Abbett Growth	Pair Corr
0.35	LGLOX	Lord Abbett Growth	Pair Corr
0.44	LGLVX	L Abbett Growth	Pair Corr
0.43	LGOFX	Lord Abbett Growth	Pair Corr
0.43	LGOQX	Lord Abbett Growth	Pair Corr
0.43	LGORX	Lord Abbett Growth	Pair Corr
0.43	LGOPX	Lord Abbett Growth	Pair Corr
0.43	LGOSX	Lord Abbett Growth	Pair Corr

Related Correlations Analysis

	PIEFX	FGFAX	TRSTX	OPTCX	BXDCX	SHDAX	NWJVX
PIEFX		0.88	0.73	0.65	0.73	0.77	0.74	PIEFX
FGFAX	0.88		0.89	0.78	0.91	0.91	0.9	FGFAX
TRSTX	0.73	0.89		0.77	0.97	0.93	0.96	TRSTX
OPTCX	0.65	0.78	0.77		0.77	0.77	0.77	OPTCX
BXDCX	0.73	0.91	0.97	0.77		0.96	0.97	BXDCX
SHDAX	0.77	0.91	0.93	0.77	0.96		0.94	SHDAX
NWJVX	0.74	0.9	0.96	0.77	0.97	0.94		NWJVX
	PIEFX	FGFAX	TRSTX	OPTCX	BXDCX	SHDAX	NWJVX

Click cells to compare fundamentals

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PIEFX	0.99	0.10	0.10	0.15	1.26	(0.99)	2.06	(2.04)	6.94
FGFAX	0.80	0.11	0.17	(0.97)	0.97	(0.86)	1.79	(1.64)	5.93
TRSTX	0.06	0.01	0.00	(0.36)	0.00	0.00	0.20	(0.20)	0.60
OPTCX	0.07	(0.01)	0.25	1.05	0.08	(0.17)	0.21	(0.21)	0.93
BXDCX	0.08	0.01	0.63	(0.30)	0.00	(0.15)	0.22	(0.11)	0.54
SHDAX	0.06	0.00	0.31	0.06	0.00	(0.20)	0.20	(0.20)	0.40
NWJVX	0.08	0.01	0.64	0.99	0.00	(0.14)	0.20	(0.10)	0.61

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