Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Vertible
LBFFX Fund  USD 14.33  0.20  1.42%   
The current 90-days correlation between Lord Abbett Vertible and Science Technology Fund is 0.74 (i.e., Poor 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 Vertible and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Vertible 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 Vertible. 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 census.

Moving together with Lord Mutual Fund

  0.88LFRAX Floating RatePairCorr
  0.88LFRFX Floating RatePairCorr
  0.88LFRIX Floating RatePairCorr
  0.88LFRRX Lord Abbett InvPairCorr
  0.88LFROX Lord Abbett FloatingPairCorr
  0.64LGCAX Lord Abbett GlobalPairCorr
  0.63LGCFX Lord Abbett GlobalPairCorr
  0.65LGCCX Lord Abbett GlobalPairCorr
  0.63LGCRX Lord Abbett GlobalPairCorr
  0.63LGCOX Lord Abbett GlobalPairCorr
  0.61LGCVX Lord Abbett GlobalPairCorr
  0.64LGCSX Lord Abbett GlobalPairCorr
  0.62LGCYX Lord Abbett GlobalPairCorr
  0.63LGCWX Lord Abbett GlobalPairCorr
  0.91LGLCX Lord Abbett GrowthPairCorr
  0.91LGLAX Lord Abbett GrowthPairCorr
  0.93LGLFX Lord Abbett GrowthPairCorr
  0.93LGLIX Lord Abbett GrowthPairCorr
  0.93LGLOX Lord Abbett GrowthPairCorr
  0.91LGLSX L Abbett GrowthPairCorr
  0.91LGLQX Lord Abbett GrowthPairCorr
  0.93LGLRX Lord Abbett GrowthPairCorr
  0.93LGLUX L Abbett GrowthPairCorr
  0.98LGOFX Lord Abbett GrowthPairCorr
  0.96LGOQX Lord Abbett GrowthPairCorr
  0.96LGORX Lord Abbett GrowthPairCorr
  0.98LGOPX Lord Abbett GrowthPairCorr
  0.98LGOVX Lord Abbett GrowthPairCorr

Moving against Lord Mutual Fund

  0.71ELMCX Lord Abbett TrustPairCorr
  0.67ELMFX Lord Abbett TrustPairCorr
  0.66EMILX Lord Abbett EmergingPairCorr
  0.66EMOLX Lord Abbett TrustPairCorr
  0.66EMWLX Lord Abbett TrustPairCorr

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.

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