Lord Abbett Correlations

HYMOX Fund

USD 10.89 0.01 0.09%

The current 90-days correlation between Lord Abbett High and Fidelity Real Estate is 0.32 (i.e., Weak 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 High and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett High and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Lord Abbett High. 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

0.62	LFRFX	Floating Rate	Pair Corr
0.86	HYMQX	Lord Abbett Short	Pair Corr
0.91	HYMAX	Lord Abbett High	Pair Corr
0.92	HYMCX	Lord Abbett High	Pair Corr
1.0	HYMFX	Lord Abbett High	Pair Corr
0.9	HYMIX	Lord Abbett High	Pair Corr

Moving against Lord Mutual Fund

0.34	LFVAX	Lord Abbett Focused	Pair Corr
0.34	LFVCX	Lord Abbett Focused	Pair Corr
0.33	LFSFX	Lord Abbett Focused	Pair Corr

Related Correlations Analysis

	FIKMX	FREEX	CREMX	SAREX	NMMRF	SEIRX	PAREX
FIKMX		0.38	0.88	0.81	0.73	0.72	0.8	FIKMX
FREEX	0.38		0.01	0.71	0.12	0.75	0.69	FREEX
CREMX	0.88	0.01		0.48	0.76	0.36	0.49	CREMX
SAREX	0.81	0.71	0.48		0.37	0.98	0.96	SAREX
NMMRF	0.73	0.12	0.76	0.37		0.28	0.38	NMMRF
SEIRX	0.72	0.75	0.36	0.98	0.28		0.95	SEIRX
PAREX	0.8	0.69	0.49	0.96	0.38	0.95		PAREX
	FIKMX	FREEX	CREMX	SAREX	NMMRF	SEIRX	PAREX

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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
FIKMX	0.26	0.03	0.20	0.08	0.30	(0.30)	0.59	(0.49)	1.36
FREEX	0.99	(0.13)	0.00	(0.30)	0.00	0.00	1.62	(2.46)	7.05
CREMX	0.02	0.02	0.00	14.01	0.00	0.00	0.08	0.00	0.08
SAREX	0.92	(0.02)	0.00	(0.10)	0.00	0.00	1.64	(1.86)	4.54
NMMRF	0.07	0.02	0.00	(1.43)	0.00	0.00	0.00	0.00	2.35
SEIRX	0.94	(0.04)	0.00	(0.12)	0.00	0.00	1.69	(2.42)	4.42
PAREX	1.02	(0.08)	0.00	(0.19)	0.00	0.00	1.65	(2.30)	6.34

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