Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Growth
LGLAX Fund  USD 42.68  0.32  0.76%   
The current 90-days correlation between Lord Abbett Growth and Fidelity Government Income is -0.11 (i.e., Good 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

Very weak diversification

The correlation between Lord Abbett Growth and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Growth 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 Growth. 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

  0.91LFSFX Lord Abbett FocusedPairCorr
  0.91LFVAX Lord Abbett FocusedPairCorr
  0.91LFVCX Lord Abbett FocusedPairCorr
  0.82LGCCX Lord Abbett GlobalPairCorr
  0.81LGCRX Lord Abbett GlobalPairCorr
  0.8LGCOX Lord Abbett GlobalPairCorr
  0.8LGCVX Lord Abbett GlobalPairCorr
  1.0LGLSX L Abbett GrowthPairCorr
  1.0LGLRX Lord Abbett GrowthPairCorr
  1.0LGLUX L Abbett GrowthPairCorr
  0.99LGOFX Lord Abbett GrowthPairCorr
  0.99LGOPX Lord Abbett GrowthPairCorr
  0.99LGOVX Lord Abbett GrowthPairCorr
  0.99LGOTX Lord Abbett GrowthPairCorr
  0.91LHCCX Lord Abbett HealthPairCorr
  0.91LHCSX Lord Abbett HealthPairCorr
  0.91LHCQX Lord Abbett HealthPairCorr
  0.82LHCTX Lord Abbett HealthPairCorr

Moving against Lord Mutual Fund

  0.44HYMQX Lord Abbett ShortPairCorr
  0.38ELMFX Lord Abbett TrustPairCorr
  0.37ELMCX Lord Abbett TrustPairCorr
  0.62LIDAX Lord Abbett InternationalPairCorr
  0.62LIDCX Lord Abbett InternationalPairCorr
  0.62LIDRX Lord Abbett InternationalPairCorr
  0.62LIRTX Lord Abbett IntlPairCorr
  0.51LIFIX Lord Abbett InflationPairCorr
  0.5LIFFX Lord Abbett InflationPairCorr
  0.49LIFAX Lord Abbett InflationPairCorr
  0.49LIFKX Lord Abbett InflationPairCorr
  0.46LINFX Lord Abbett InternationalPairCorr
  0.46LINRX 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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