Lord Abbett Correlations

LBNDX Fund

USD 7.12 0.01 0.14%

The current 90-days correlation between Lord Abbett Bond and Short Term Government Fund is 0.01 (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

Average diversification

The correlation between Lord Abbett Bond and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Bond 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 Bond. 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 unemployment.

Moving together with Lord Mutual Fund

0.69	PONAX	Pimco Income	Pair Corr
0.69	PONCX	Pimco Income	Pair Corr
0.69	PIPNX	Pimco Income	Pair Corr
0.69	PONRX	Pimco Income	Pair Corr
0.69	PONPX	Pimco Incme Fund	Pair Corr
0.7	PIINX	Pimco Income	Pair Corr
0.7	PIMIX	Pimco Income	Pair Corr
0.97	FSTAX	Fidelity Advisor Str	Pair Corr
0.98	FSRIX	Fidelity Advisor Str	Pair Corr
0.79	PFN	Pimco Income Strategy	Pair Corr
0.7	CIF	Mfs Intermediate High	Pair Corr
0.86	NXJ	Nuveen New Jersey	Pair Corr
0.84	XPPRX	Voya Prime Rate	Pair Corr
0.86	PCF	Putnam High Income	Pair Corr
0.66	HTD	John Hancock Tax	Pair Corr
0.69	MMM	3M Company	Pair Corr
0.69	CSCO	Cisco Systems	Pair Corr
0.61	JPM	JPMorgan Chase	Pair Corr
0.85	GE	GE Aerospace	Pair Corr
0.73	IBM	International Business	Pair Corr

Moving against Lord Mutual Fund

0.63	MRK	Merck Company	Pair Corr
0.4	AA	Alcoa Corp	Pair Corr

Related Correlations Analysis

	TWACX	GANPX	RGVAX	USGDX	BMBSX	FCSCX
TWACX		0.91	0.96	0.88	0.79	0.98	TWACX
GANPX	0.91		0.9	0.86	0.93	0.91	GANPX
RGVAX	0.96	0.9		0.97	0.87	0.92	RGVAX
USGDX	0.88	0.86	0.97		0.88	0.83	USGDX
BMBSX	0.79	0.93	0.87	0.88		0.77	BMBSX
FCSCX	0.98	0.91	0.92	0.83	0.77		FCSCX
	TWACX	GANPX	RGVAX	USGDX	BMBSX	FCSCX

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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
TWACX	0.09	0.01	0.56	1.76	0.00	(0.14)	0.22	(0.11)	0.45
GANPX	0.06	0.00	0.42	0.03	0.00	(0.12)	0.10	(0.10)	0.48
RGVAX	0.25	0.03	0.27	0.65	0.22	(0.31)	0.60	(0.43)	1.56
USGDX	0.66	0.05	0.13	0.83	0.72	(0.80)	1.45	(1.37)	3.93
BMBSX	0.11	(0.01)	0.27	(0.26)	0.15	(0.13)	0.18	(0.26)	0.71
FCSCX	0.06	0.01	0.55	0.69	0.00	(0.18)	0.13	(0.13)	0.66

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