Lord Abbett Correlations

LCFPX Fund

USD 14.71 0.05 0.34%

The current 90-days correlation between Lord Abbett Vertible and Artisan Small Cap is 0.72 (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

Significant diversification

The correlation between Lord Abbett Vertible and DJI is 0.04 (i.e., Significant 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 american community survey.

Moving together with Lord Mutual Fund

0.87	LFRAX	Floating Rate	Pair Corr
0.87	LFRFX	Floating Rate	Pair Corr
0.87	LFRIX	Floating Rate	Pair Corr
0.88	LFRRX	Lord Abbett Inv	Pair Corr
0.93	LGLAX	Lord Abbett Growth	Pair Corr
0.91	LGLIX	Lord Abbett Growth	Pair Corr
0.93	LGLSX	L Abbett Growth	Pair Corr
0.86	LRRKX	Floating Rate	Pair Corr
0.85	LRRRX	Floating Rate	Pair Corr
0.86	LRRVX	Floating Rate	Pair Corr
0.86	LRRTX	Floating Rate	Pair Corr
0.97	LACFX	Lord Abbett Vertible	Pair Corr
0.74	LADYX	Lord Abbett Developing	Pair Corr
0.78	BLASX	Lord Abbett Multi	Pair Corr

Moving against Lord Mutual Fund

0.73	ELMCX	Lord Abbett Trust	Pair Corr
0.67	ELMFX	Lord Abbett Trust	Pair Corr
0.66	EMILX	Lord Abbett Emerging	Pair Corr
0.45	LICVX	Lord Abbett Intl	Pair Corr

Related Correlations Analysis

	ARTSX	UPDDX	EIPIX	HSUAX	TEGAX
ARTSX		0.37	0.8	0.42	0.78	ARTSX
UPDDX	0.37		0.19	0.9	0.73	UPDDX
EIPIX	0.8	0.19		0.31	0.72	EIPIX
HSUAX	0.42	0.9	0.31		0.82	HSUAX
TEGAX	0.78	0.73	0.72	0.82		TEGAX
	ARTSX	UPDDX	EIPIX	HSUAX	TEGAX

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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
ARTSX	1.02	(0.01)	(0.02)	(0.03)	1.71	(0.91)	2.03	(2.17)	8.55
UPDDX	1.16	0.21	0.13	0.87	1.27	(1.24)	2.58	(2.17)	8.50
EIPIX	0.75	(0.03)	0.00	(0.08)	0.00	0.00	1.33	(1.08)	10.11
HSUAX	0.71	0.10	0.08	(4.85)	0.88	(0.79)	1.31	(1.23)	6.61
TEGAX	0.93	0.12	0.08	0.79	1.12	(0.98)	2.13	(1.56)	7.72

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