Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Short
LDLFX Fund  USD 3.88  0.01  0.26%   
The current 90-days correlation between Lord Abbett Short and Goldman Sachs Technology is 0.05 (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

Significant diversification

The correlation between Lord Abbett Short and DJI is 0.03 (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 census.

Moving together with Lord Mutual Fund

  0.7ELMFX Lord Abbett TrustPairCorr
  0.69ELMCX Lord Abbett TrustPairCorr
  0.75LFRFX Floating RatePairCorr
  0.74LFRIX Floating RatePairCorr
  0.64LFRRX Lord Abbett InvPairCorr
  0.72LFROX Lord Abbett FloatingPairCorr
  0.91HYMQX Lord Abbett ShortPairCorr
  0.77HYMAX Lord Abbett HighPairCorr
  0.78HYMIX Lord Abbett HighPairCorr
  0.74LHYOX Lord Abbett HighPairCorr
  0.73LHYVX Lord Abbett HighPairCorr
  0.7LHYSX Lord Abbett HighPairCorr
  0.64LHYCX Lord Abbett HighPairCorr
  0.83LICAX Lord Abbett InternationalPairCorr
  0.83LICSX Lord Abbett IntlPairCorr
  0.83LICVX Lord Abbett IntlPairCorr
  0.91LIDAX Lord Abbett InternationalPairCorr
  0.91LIDCX Lord Abbett InternationalPairCorr
  0.91LIDRX Lord Abbett InternationalPairCorr

Moving against Lord Mutual Fund

  0.78LFVAX Lord Abbett FocusedPairCorr
  0.78LFVCX Lord Abbett FocusedPairCorr
  0.77LFSFX Lord Abbett FocusedPairCorr
  0.65LGLSX L Abbett GrowthPairCorr
  0.65LGLRX Lord Abbett GrowthPairCorr
  0.61LGOFX Lord Abbett GrowthPairCorr
  0.61LGOPX Lord Abbett GrowthPairCorr
  0.61LGOVX Lord Abbett GrowthPairCorr
  0.61LGOTX Lord Abbett GrowthPairCorr
  0.45LHCCX Lord Abbett HealthPairCorr
  0.44LHCSX Lord Abbett HealthPairCorr
  0.42LHCTX Lord Abbett HealthPairCorr

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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