Lord Abbett Correlations

LDLAX Fund

USD 3.90 0.01 0.26%

The current 90-days correlation between Lord Abbett Short and Health Biotchnology Portfolio is 0.24 (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

Significant diversification

The correlation between Lord Abbett Short and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Short 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 Short. 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 nation.

Moving together with Lord Mutual Fund

0.72	ELMFX	Lord Abbett Trust	Pair Corr
0.71	ELMCX	Lord Abbett Trust	Pair Corr
0.75	LFRFX	Floating Rate	Pair Corr
0.73	LFRIX	Floating Rate	Pair Corr
0.64	LFRRX	Lord Abbett Inv	Pair Corr
0.72	LFROX	Lord Abbett Floating	Pair Corr
0.95	HYMQX	Lord Abbett Short	Pair Corr
0.84	HYMAX	Lord Abbett High	Pair Corr
0.85	HYMIX	Lord Abbett High	Pair Corr
0.75	LHYOX	Lord Abbett High	Pair Corr
0.76	LHYVX	Lord Abbett High	Pair Corr
0.73	LHYSX	Lord Abbett High	Pair Corr
0.67	LHYCX	Lord Abbett High	Pair Corr
0.63	LIAGX	Lord Abbett International	Pair Corr
0.83	LICAX	Lord Abbett International	Pair Corr
0.83	LICSX	Lord Abbett Intl	Pair Corr
0.84	LICVX	Lord Abbett Intl	Pair Corr
0.9	LIDAX	Lord Abbett International	Pair Corr
0.9	LIDCX	Lord Abbett International	Pair Corr
0.9	LIDRX	Lord Abbett International	Pair Corr

Moving against Lord Mutual Fund

0.76	LFVAX	Lord Abbett Focused	Pair Corr
0.76	LFVCX	Lord Abbett Focused	Pair Corr
0.75	LFSFX	Lord Abbett Focused	Pair Corr
0.6	LGLSX	L Abbett Growth	Pair Corr
0.6	LGLRX	Lord Abbett Growth	Pair Corr
0.56	LGOFX	Lord Abbett Growth	Pair Corr
0.56	LGOPX	Lord Abbett Growth	Pair Corr
0.56	LGOVX	Lord Abbett Growth	Pair Corr
0.56	LGOTX	Lord Abbett Growth	Pair Corr
0.41	LHCCX	Lord Abbett Health	Pair Corr
0.4	LHCSX	Lord Abbett Health	Pair Corr
0.35	LHCTX	Lord Abbett Health	Pair Corr

Related Correlations Analysis

	SBHIX	TOWTX	WFTIX	CONIX	FRBRX	TEFQX	NWHOX
SBHIX		0.17	0.03	0.0	-0.02	0.2	-0.11	SBHIX
TOWTX	0.17		0.94	0.88	0.2	0.86	0.76	TOWTX
WFTIX	0.03	0.94		0.97	0.25	0.83	0.85	WFTIX
CONIX	0.0	0.88	0.97		0.32	0.71	0.86	CONIX
FRBRX	-0.02	0.2	0.25	0.32		0.19	0.59	FRBRX
TEFQX	0.2	0.86	0.83	0.71	0.19		0.64	TEFQX
NWHOX	-0.11	0.76	0.85	0.86	0.59	0.64		NWHOX
	SBHIX	TOWTX	WFTIX	CONIX	FRBRX	TEFQX	NWHOX

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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

CONIX	+ 0.97	WFTIX
WFTIX	+ 0.94	TOWTX
CONIX	+ 0.88	TOWTX
TEFQX	+ 0.86	TOWTX
NWHOX	+ 0.86	CONIX
NWHOX	+ 0.85	WFTIX

High negative correlations

NWHOX	- 0.11	SBHIX
FRBRX	- 0.02	SBHIX
CONIX	- 0.0	SBHIX

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
SBHIX	0.63	0.03	0.09	0.00	0.74	(0.68)	1.20	(1.17)	3.37
TOWTX	0.69	(0.05)	0.00	(0.13)	0.00	0.00	1.31	(1.85)	4.10
WFTIX	0.90	(0.07)	0.00	(0.14)	0.00	0.00	1.72	(2.29)	4.88
CONIX	0.62	(0.06)	0.00	(0.19)	0.00	0.00	1.18	(1.47)	3.04
FRBRX	1.13	(0.08)	0.00	(0.20)	0.00	0.00	2.24	(2.46)	9.46
TEFQX	1.70	0.06	0.00	(0.02)	0.00	0.00	2.96	(3.69)	10.40
NWHOX	1.50	(0.29)	0.00	(0.44)	0.00	0.00	2.08	(3.60)	14.43

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