Lord Abbett Correlations

LADYX Fund

USD 30.34 0.33 1.10%

The current 90-days correlation between Lord Abbett Developing and Dreyfus Natural Resources is 0.22 (i.e., Modest 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

Poor diversification

The correlation between Lord Abbett Developing and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Developing 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 Developing. 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 manufacturing.

Moving together with Lord Mutual Fund

0.68	LFSFX	Lord Abbett Focused	Pair Corr
0.71	LFRAX	Floating Rate	Pair Corr
0.7	LFRFX	Floating Rate	Pair Corr
0.71	LFRIX	Floating Rate	Pair Corr
0.73	LFRRX	Lord Abbett Inv	Pair Corr
0.72	LFROX	Lord Abbett Floating	Pair Corr
0.62	LFVAX	Lord Abbett Focused	Pair Corr
0.63	LFVCX	Lord Abbett Focused	Pair Corr
0.85	LGCAX	Lord Abbett Global	Pair Corr
0.85	LGCFX	Lord Abbett Global	Pair Corr
0.84	LGCCX	Lord Abbett Global	Pair Corr
0.85	LGCRX	Lord Abbett Global	Pair Corr
0.85	LGCOX	Lord Abbett Global	Pair Corr
0.84	LGCVX	Lord Abbett Global	Pair Corr
0.85	LGCSX	Lord Abbett Global	Pair Corr
0.85	LGCYX	Lord Abbett Global	Pair Corr
0.85	LGCWX	Lord Abbett Global	Pair Corr
0.82	LGLCX	Lord Abbett Growth	Pair Corr
0.82	LGLAX	Lord Abbett Growth	Pair Corr
0.82	LGLFX	Lord Abbett Growth	Pair Corr
0.82	LGLIX	Lord Abbett Growth Steady Growth	Pair Corr
0.82	LGLOX	Lord Abbett Growth	Pair Corr
0.82	LGLSX	L Abbett Growth	Pair Corr
0.82	LGLQX	Lord Abbett Growth	Pair Corr
0.82	LGLRX	Lord Abbett Growth Steady Growth	Pair Corr
0.82	LGLUX	L Abbett Growth	Pair Corr
0.82	LGLVX	L Abbett Growth	Pair Corr
0.91	LGOFX	Lord Abbett Growth	Pair Corr
0.91	LGOQX	Lord Abbett Growth	Pair Corr
0.91	LGORX	Lord Abbett Growth	Pair Corr
0.91	LGOPX	Lord Abbett Growth	Pair Corr

Moving against Lord Mutual Fund

0.51	ELMCX	Lord Abbett Trust	Pair Corr
0.47	ELMFX	Lord Abbett Trust	Pair Corr
0.47	EMILX	Lord Abbett Emerging	Pair Corr
0.47	EMOLX	Lord Abbett Trust	Pair Corr
0.47	EMWLX	Lord Abbett Trust	Pair Corr

Related Correlations Analysis

	DLDCX	ICBAX	TREIX	XNDPX	APWEX	PEO	FRNRX
DLDCX		0.18	-0.47	0.39	0.22	0.88	0.94	DLDCX
ICBAX	0.18		0.57	0.82	0.86	0.46	0.33	ICBAX
TREIX	-0.47	0.57		0.53	0.63	-0.1	-0.37	TREIX
XNDPX	0.39	0.82	0.53		0.94	0.69	0.48	XNDPX
APWEX	0.22	0.86	0.63	0.94		0.56	0.33	APWEX
PEO	0.88	0.46	-0.1	0.69	0.56		0.92	PEO
FRNRX	0.94	0.33	-0.37	0.48	0.33	0.92		FRNRX
	DLDCX	ICBAX	TREIX	XNDPX	APWEX	PEO	FRNRX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FRNRX	+ 0.94	DLDCX
APWEX	+ 0.94	XNDPX
FRNRX	+ 0.92	PEO
PEO	+ 0.88	DLDCX
APWEX	+ 0.86	ICBAX
XNDPX	+ 0.82	ICBAX

High negative correlations

TREIX	- 0.47	DLDCX
FRNRX	- 0.37	TREIX
PEO	- 0.1	TREIX

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
DLDCX	1.03	(0.22)	0.00	(0.24)	0.00	0.00	1.26	(2.66)	11.02
ICBAX	0.73	(0.04)	(0.04)	0.00	0.91	(0.83)	1.46	(1.17)	8.78
TREIX	0.05	0.01	(0.18)	0.49	0.00	(0.10)	0.10	(0.10)	0.40
XNDPX	0.95	0.00	(0.01)	0.04	1.39	(0.93)	1.83	(2.48)	7.22
APWEX	0.89	0.05	0.04	0.08	1.05	(0.98)	2.04	(1.67)	7.37
PEO	0.72	(0.09)	0.00	(0.18)	0.00	0.00	1.63	(1.72)	4.73
FRNRX	0.79	(0.15)	0.00	(0.25)	0.00	0.00	1.16	(1.86)	5.21

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC