Lord Abbett Correlations

LFVCX Fund

USD 25.86 0.19 0.73%

The current 90-days correlation between Lord Abbett Focused and Franklin Emerging Market is 0.45 (i.e., Very weak 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 main economic indicators.

Moving together with Lord Mutual Fund

1.0	LFSFX	Lord Abbett Focused	Pair Corr
1.0	LFVAX	Lord Abbett Focused	Pair Corr
0.67	LGCCX	Lord Abbett Global	Pair Corr
0.66	LGCRX	Lord Abbett Global	Pair Corr
0.64	LGCOX	Lord Abbett Global	Pair Corr
0.65	LGCVX	Lord Abbett Global	Pair Corr
0.91	LGLSX	L Abbett Growth	Pair Corr
0.91	LGLRX	Lord Abbett Growth	Pair Corr
0.89	LGOFX	Lord Abbett Growth	Pair Corr
0.89	LGOPX	Lord Abbett Growth	Pair Corr
0.89	LGOVX	Lord Abbett Growth	Pair Corr
0.89	LGOTX	Lord Abbett Growth	Pair Corr
0.83	LHCCX	Lord Abbett Health	Pair Corr
0.82	LHCSX	Lord Abbett Health	Pair Corr
0.82	LHCTX	Lord Abbett Health	Pair Corr

Moving against Lord Mutual Fund

0.62	HYMQX	Lord Abbett Short	Pair Corr
0.54	ELMFX	Lord Abbett Trust	Pair Corr
0.53	ELMCX	Lord Abbett Trust	Pair Corr
0.44	HYMIX	Lord Abbett High	Pair Corr
0.43	HYMAX	Lord Abbett High	Pair Corr
0.34	LFRFX	Floating Rate	Pair Corr
0.33	LFRIX	Floating Rate	Pair Corr
0.76	LIDCX	Lord Abbett International	Pair Corr
0.76	LIDRX	Lord Abbett International	Pair Corr
0.76	LIRTX	Lord Abbett Intl	Pair Corr
0.75	LIDAX	Lord Abbett International	Pair Corr
0.7	LIFIX	Lord Abbett Inflation	Pair Corr
0.69	LIFAX	Lord Abbett Inflation	Pair Corr
0.69	LIFFX	Lord Abbett Inflation	Pair Corr
0.69	LIFKX	Lord Abbett Inflation	Pair Corr
0.59	LICAX	Lord Abbett International	Pair Corr
0.59	LICSX	Lord Abbett Intl	Pair Corr
0.59	LICVX	Lord Abbett Intl	Pair Corr
0.58	LINFX	Lord Abbett International	Pair Corr
0.58	LINRX	Lord Abbett International	Pair Corr

Related Correlations Analysis

	FEMDX	QMNIX	DBELX	TEOJX	AMTOX	CDHIX	CBHAX
FEMDX		0.91	0.84	0.81	0.86	0.94	0.67	FEMDX
QMNIX	0.91		0.87	0.84	0.73	0.91	0.84	QMNIX
DBELX	0.84	0.87		0.94	0.65	0.94	0.81	DBELX
TEOJX	0.81	0.84	0.94		0.67	0.91	0.8	TEOJX
AMTOX	0.86	0.73	0.65	0.67		0.83	0.47	AMTOX
CDHIX	0.94	0.91	0.94	0.91	0.83		0.73	CDHIX
CBHAX	0.67	0.84	0.81	0.8	0.47	0.73		CBHAX
	FEMDX	QMNIX	DBELX	TEOJX	AMTOX	CDHIX	CBHAX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FEMDX	0.15	0.02	0.42	0.29	0.00	(0.20)	0.42	(0.26)	1.11
QMNIX	0.30	0.15	0.54	0.91	0.00	(0.41)	0.68	(0.39)	1.97
DBELX	0.33	0.03	0.24	0.25	0.28	(0.44)	0.71	(0.58)	1.78
TEOJX	0.78	0.10	0.14	0.19	0.92	(0.85)	1.54	(1.53)	5.83
AMTOX	0.48	0.04	0.12	0.04	0.61	(0.55)	1.00	(1.10)	2.56
CDHIX	0.68	0.11	0.13	0.11	0.83	(0.72)	1.44	(1.51)	4.90
CBHAX	0.19	0.03	0.37	(0.40)	0.00	(0.25)	0.36	(0.36)	1.20

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC