Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Focused
LFSFX Fund  USD 27.31  0.21  0.76%   
The current 90-days correlation between Lord Abbett Focused and Ab Global Bond is 0.18 (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

Poor diversification

The correlation between Lord Abbett Focused and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Focused 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 Focused. 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

  1.0LFVAX Lord Abbett FocusedPairCorr
  1.0LFVCX Lord Abbett FocusedPairCorr
  0.68LGCCX Lord Abbett GlobalPairCorr
  0.67LGCRX Lord Abbett GlobalPairCorr
  0.65LGCOX Lord Abbett GlobalPairCorr
  0.65LGCVX Lord Abbett GlobalPairCorr
  0.91LGLSX L Abbett GrowthPairCorr
  0.91LGLRX Lord Abbett GrowthPairCorr
  0.9LGOFX Lord Abbett GrowthPairCorr
  0.9LGOPX Lord Abbett GrowthPairCorr
  0.9LGOVX Lord Abbett GrowthPairCorr
  0.9LGOTX Lord Abbett GrowthPairCorr
  0.84LHCCX Lord Abbett HealthPairCorr
  0.83LHCSX Lord Abbett HealthPairCorr
  0.83LHCTX Lord Abbett HealthPairCorr

Moving against Lord Mutual Fund

  0.61HYMQX Lord Abbett ShortPairCorr
  0.54ELMFX Lord Abbett TrustPairCorr
  0.53ELMCX Lord Abbett TrustPairCorr
  0.43HYMIX Lord Abbett HighPairCorr
  0.42HYMAX Lord Abbett HighPairCorr
  0.34LFRFX Floating RatePairCorr
  0.33LFRIX Floating RatePairCorr
  0.75LIDAX Lord Abbett InternationalPairCorr
  0.75LIDCX Lord Abbett InternationalPairCorr
  0.75LIDRX Lord Abbett InternationalPairCorr
  0.75LIRTX Lord Abbett IntlPairCorr
  0.69LIFIX Lord Abbett InflationPairCorr
  0.68LIFAX Lord Abbett InflationPairCorr
  0.68LIFFX Lord Abbett InflationPairCorr
  0.68LIFKX Lord Abbett InflationPairCorr
  0.58LICAX Lord Abbett InternationalPairCorr
  0.58LICSX Lord Abbett IntlPairCorr
  0.58LICVX Lord Abbett IntlPairCorr
  0.58LINTX L Abbett InternationalPairCorr
  0.57LINFX Lord Abbett InternationalPairCorr

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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