Lord Abbett Correlations

LHYOX Fund

USD 6.38 0.01 0.16%

The current 90-days correlation between Lord Abbett High and Artisan High Income is 0.04 (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

Average diversification

The correlation between Lord Abbett High and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett High 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 High. 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 persons.

Moving together with Lord Mutual Fund

0.89	VWEAX	Vanguard High Yield	Pair Corr
0.91	VWEHX	Vanguard High Yield	Pair Corr
0.98	BHYCX	Blackrock Hi Yld	Pair Corr
0.98	BHYIX	Blackrock High Yield	Pair Corr
0.86	BHYSX	Blackrock Hi Yld	Pair Corr
0.99	BHYAX	Blackrock High Yield	Pair Corr
0.95	FAHHX	American Funds American	Pair Corr
0.95	FTAHX	American Funds American	Pair Corr
0.96	AHTFX	American High Income	Pair Corr
0.85	AHTCX	American High Income	Pair Corr
0.66	HRBDX	Harbor Bond Fund	Pair Corr
0.64	ABNOX	Ab Bond Inflation	Pair Corr
0.67	VICSX	Vanguard Intermediate-ter	Pair Corr
0.71	HWACX	Hotchkis Wiley Value	Pair Corr
0.74	TIMUX	Transamerica Intermediate	Pair Corr
0.71	PGLSX	Global Multi Strategy	Pair Corr
0.77	DBIWX	Dws Global Macro	Pair Corr
0.63	HTD	John Hancock Tax	Pair Corr
0.82	GIOIX	Guggenheim Macro Opp	Pair Corr

Related Correlations Analysis

	ARTFX	TTRBX	GANPX	MBSAX	TAADX	GHVIX	MSTBX
ARTFX		0.83	0.91	0.82	0.78	0.96	0.78	ARTFX
TTRBX	0.83		0.96	0.98	0.99	0.87	0.97	TTRBX
GANPX	0.91	0.96		0.92	0.92	0.9	0.92	GANPX
MBSAX	0.82	0.98	0.92		0.98	0.9	0.96	MBSAX
TAADX	0.78	0.99	0.92	0.98		0.83	0.96	TAADX
GHVIX	0.96	0.87	0.9	0.9	0.83		0.83	GHVIX
MSTBX	0.78	0.97	0.92	0.96	0.96	0.83		MSTBX
	ARTFX	TTRBX	GANPX	MBSAX	TAADX	GHVIX	MSTBX

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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
ARTFX	0.13	0.01	0.34	0.02	0.09	(0.20)	0.44	(0.22)	0.89
TTRBX	0.15	0.01	0.40	0.76	0.05	(0.19)	0.40	(0.30)	0.82
GANPX	0.06	0.00	0.42	0.03	0.00	(0.12)	0.10	(0.10)	0.48
MBSAX	0.18	0.02	0.29	0.16	0.19	(0.21)	0.36	(0.30)	1.34
TAADX	0.22	0.02	0.27	0.33	0.18	(0.28)	0.50	(0.38)	1.27
GHVIX	0.16	0.01	0.31	0.04	0.16	(0.17)	0.30	(0.35)	1.01
MSTBX	0.11	0.02	0.51	3.47	0.00	(0.15)	0.21	(0.21)	0.62

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Lord Abbett Correlations

Lord Abbett Correlation With Market

Average diversification

Moving together with Lord Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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