Lord Abbett Correlations

LGRUX Fund   10.26  0.01  0.1%   
The current 90-days correlation between Lord Abbett Investment and Goldman Sachs Real is 0.01 (i.e., Significant 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

Good diversification

The correlation between Lord Abbett Investment and DJI is -0.11 (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 employment.

Moving together with Lord Mutual Fund

  0.79PTSPX Pimco Short TermPairCorr
  0.79PTSHX Short Term FundPairCorr
  0.81PSFAX Short Term FundPairCorr
  0.81PTSRX Short Term FundPairCorr
  0.77PSDNX Putnam Ultra ShortPairCorr
  0.77LUSNX Lord Abbett UltraPairCorr
  0.65VUBFX Vanguard Ultra ShortPairCorr
  0.79PSDRX Putnam Short DurationPairCorr
  0.81PSDYX Putnam Short DurationPairCorr
  0.67WMT Walmart Aggressive PushPairCorr
  0.71CVX Chevron Corp Sell-off TrendPairCorr
  0.68CSCO Cisco SystemsPairCorr
  0.71T ATT Inc Fiscal Year End 22nd of January 2025 PairCorr

Moving against Lord Mutual Fund

  0.81KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr
  0.76PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr
  0.71JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.47MMM 3M Company Fiscal Year End 28th of January 2025 PairCorr
  0.46GE GE Aerospace Sell-off TrendPairCorr
  0.43VZ Verizon Communications Sell-off TrendPairCorr
  0.42VEMBX Vanguard Emerging MarketsPairCorr

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   
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JYEBXGMJPX
JYEBXSEIRX
SEIRXGMJPX
PRKAXCNREX
RRRZXPRKAX
  
High negative correlations   
RRRZXCREMX
CREMXPRKAX
CREMXGMJPX
CREMXCNREX

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.