L Abbett Correlations

LGLUX Fund

USD 54.18 0.29 0.54%

The current 90-days correlation between L Abbett Growth and Fdzbpx is -0.04 (i.e., Good diversification). The correlation of L 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.

L Abbett Correlation With Market

Weak diversification

The correlation between L Abbett Growth and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding L 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 L 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 employment.

Moving together with LGLUX Mutual Fund

0.85	LGCFX	Lord Abbett Global	Pair Corr
0.85	LGCOX	Lord Abbett Global	Pair Corr
0.85	LGCVX	Lord Abbett Global	Pair Corr
0.85	LGCSX	Lord Abbett Global	Pair Corr
0.85	LGCWX	Lord Abbett Global	Pair Corr
0.91	LGLOX	Lord Abbett Growth	Pair Corr
0.91	LGLQX	Lord Abbett Growth	Pair Corr
1.0	LGLRX	Lord Abbett Growth	Pair Corr
0.74	EMILX	Lord Abbett Emerging	Pair Corr
0.79	LGOFX	Lord Abbett Growth	Pair Corr
0.74	LGOQX	Lord Abbett Growth	Pair Corr
0.78	LGORX	Lord Abbett Growth	Pair Corr
0.78	LGOPX	Lord Abbett Growth	Pair Corr

Related Correlations Analysis

	FDZBPX	IAADX	WABMSX	WMCANX	FBANJX	FZNOPX	FABWX	HDCAX
FDZBPX		0.63	0.78	0.77	0.87	0.78	0.68	0.36	FDZBPX
IAADX	0.63		0.53	0.52	0.55	0.49	0.43	0.75	IAADX
WABMSX	0.78	0.53		1.0	0.84	0.6	0.73	0.26	WABMSX
WMCANX	0.77	0.52	1.0		0.84	0.57	0.72	0.23	WMCANX
FBANJX	0.87	0.55	0.84	0.84		0.73	0.61	0.27	FBANJX
FZNOPX	0.78	0.49	0.6	0.57	0.73		0.77	0.46	FZNOPX
FABWX	0.68	0.43	0.73	0.72	0.61	0.77		0.4	FABWX
HDCAX	0.36	0.75	0.26	0.23	0.27	0.46	0.4		HDCAX
	FDZBPX	IAADX	WABMSX	WMCANX	FBANJX	FZNOPX	FABWX	HDCAX

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Risk-Adjusted Indicators

There is a big difference between LGLUX Mutual Fund performing well and L 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 L 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
FDZBPX	0.37	0.04	0.07	0.29	0.47	(0.42)	0.70	(0.79)	2.21
IAADX	0.18	0.01	0.02	0.09	0.14	(0.26)	0.44	(0.33)	0.88
WABMSX	0.51	0.14	0.20	0.41	0.42	(0.56)	1.13	(0.92)	2.40
WMCANX	0.50	0.12	0.15	0.51	0.46	(0.60)	1.07	(0.93)	2.41
FBANJX	0.50	0.04	0.05	0.40	0.66	(0.53)	1.04	(0.82)	2.83
FZNOPX	0.72	0.08	0.08	0.26	0.79	(0.81)	1.55	(1.63)	3.75
FABWX	0.84	0.11	0.07	0.34	1.39	(0.86)	1.52	(1.12)	6.74
HDCAX	0.46	0.06	0.09	0.13	0.46	(0.55)	0.95	(0.80)	2.48

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L Abbett Correlations

L Abbett Correlation With Market

Weak diversification

Moving together with LGLUX Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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