Lord Abbett Correlations

LGRAX Fund   10.26  0.01  0.1%   
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

Good diversification

The correlation between Lord Abbett Investment and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Investment 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 Investment. 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

  0.98LFRAX Floating RatePairCorr
  0.98LFRFX Floating RatePairCorr
  0.98LFRIX Floating RatePairCorr
  0.98LFRRX Lord Abbett InvPairCorr
  0.98LFROX Lord Abbett FloatingPairCorr
  0.85LGLCX Lord Abbett GrowthPairCorr
  0.85LGLAX Lord Abbett GrowthPairCorr
  0.85LGLFX Lord Abbett GrowthPairCorr
  0.85LGLIX Lord Abbett GrowthPairCorr
  0.85LGLOX Lord Abbett GrowthPairCorr
  0.85LGLSX L Abbett GrowthPairCorr
  0.85LGLQX Lord Abbett GrowthPairCorr
  0.85LGLRX Lord Abbett GrowthPairCorr
  0.85LGLUX L Abbett GrowthPairCorr
  0.85LGLVX L Abbett GrowthPairCorr
  0.84LGOFX Lord Abbett GrowthPairCorr
  0.84LGOQX Lord Abbett Growth Potential GrowthPairCorr
  0.84LGORX Lord Abbett Growth Potential GrowthPairCorr
  0.84LGOPX Lord Abbett GrowthPairCorr

Moving against Lord Mutual Fund

  0.6ELMCX Lord Abbett TrustPairCorr
  0.58ELMFX Lord Abbett TrustPairCorr
  0.58EMILX Lord Abbett EmergingPairCorr
  0.57EMOLX Lord Abbett TrustPairCorr
  0.57EMWLX Lord Abbett TrustPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
FMVUXGABXX
STPXXAEYXX
GABXXAEYXX
FMVUXAEYXX
ELMXXAEYXX
HUCXXAEYXX
  
High negative correlations   
HEWXXHUCXX
HEWXXELMXX
HUCXXELMXX
HEWXXFMVUX
HUCXXFMVUX
ELMXXFMVUX

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.