Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Vertible
LCFSX Fund  USD 14.12  0.20  1.40%   
The current 90-days correlation between Lord Abbett Vertible and Artisan Mid Cap is 0.15 (i.e., Average 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 0.05 (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 state.

Moving together with Lord Mutual Fund

  0.87LFRAX Floating RatePairCorr
  0.87LFRFX Floating RatePairCorr
  0.87LFRIX Floating RatePairCorr
  0.87LFRRX Lord Abbett InvPairCorr
  0.87LFROX Lord Abbett FloatingPairCorr
  0.66LGCRX Lord Abbett GlobalPairCorr
  0.63LGCVX Lord Abbett GlobalPairCorr
  0.94LGLCX Lord Abbett GrowthPairCorr
  0.94LGLAX Lord Abbett GrowthPairCorr
  0.91LGLFX Lord Abbett GrowthPairCorr
  0.91LGLIX Lord Abbett GrowthPairCorr
  0.91LGLOX Lord Abbett GrowthPairCorr
  0.94LGLSX L Abbett GrowthPairCorr
  0.94LGLQX Lord Abbett GrowthPairCorr
  0.91LGLRX Lord Abbett GrowthPairCorr
  0.91LGLUX L Abbett GrowthPairCorr
  0.91LGLVX L Abbett GrowthPairCorr
  0.94LGOFX Lord Abbett GrowthPairCorr
  0.98LGOQX Lord Abbett GrowthPairCorr
  0.98LGORX Lord Abbett GrowthPairCorr
  0.94LGOPX Lord Abbett GrowthPairCorr

Moving against Lord Mutual Fund

  0.74ELMCX Lord Abbett TrustPairCorr
  0.7ELMFX Lord Abbett TrustPairCorr
  0.7EMILX Lord Abbett EmergingPairCorr
  0.7EMOLX Lord Abbett TrustPairCorr
  0.7EMWLX Lord Abbett TrustPairCorr

Related Correlations Analysis

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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   
EICVX
+ 0.96
VEIPX
VEIPX
+ 0.95
ARTQX
EICVX
+ 0.93
ARTQX
RTSSX
+ 0.93
VEIPX
RTSSX
+ 0.91
ARTQX
EICVX
+ 0.89
RTSSX
  
High negative correlations   
NQQQX
- 0.01
USCBX

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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