Lord Abbett Correlations

Mutual Funds USA . 
Fund . Lord Abbett International
LICQX Fund  USD 14.92  0.24  1.63%   
The current 90-days correlation between Lord Abbett International and Western Assets Emerging is 0.15 (i.e., Average 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 International and DJI is 0.48 (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 International 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 International. 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 producer price index.

Moving together with Lord Mutual Fund

  0.84ELMFX Lord Abbett TrustPairCorr
  0.84ELMCX Lord Abbett TrustPairCorr
  0.89EMILX Lord Abbett EmergingPairCorr

Moving against Lord Mutual Fund

  0.72LFRAX Floating RatePairCorr
  0.72LFRFX Floating RatePairCorr
  0.72LFROX Lord Abbett FloatingPairCorr
  0.71LFRRX Lord Abbett InvPairCorr
  0.7LFRIX Floating RatePairCorr
  0.53LGLCX Lord Abbett GrowthPairCorr
  0.53LGLAX Lord Abbett GrowthPairCorr
  0.53LGLFX Lord Abbett GrowthPairCorr
  0.53LGLIX Lord Abbett GrowthPairCorr
  0.53LGLOX Lord Abbett GrowthPairCorr
  0.53LGLSX L Abbett GrowthPairCorr
  0.53LGLQX Lord Abbett GrowthPairCorr
  0.53LGLRX Lord Abbett GrowthPairCorr
  0.53LGLUX L Abbett GrowthPairCorr
  0.73LGRAX Lord Abbett InvestmentPairCorr
  0.73LGRFX Lord Abbett InvestmentPairCorr
  0.73LGRYX Lord Abbett InvestmentPairCorr
  0.72LGRUX Lord Abbett InvestmentPairCorr
  0.53LGLVX L Abbett GrowthPairCorr

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   
WFEMX
+ 0.82
BOGSX
BXECX
+ 0.81
XEMDX
BOGSX
+ 0.68
XEMDX
BOGSX
+ 0.63
BXECX
EGLAX
+ 0.63
FEMDX
WFEMX
+ 0.6
XEMDX
  
High negative correlations   
EGLAX
- 0.29
BOGSX
EGLAX
- 0.26
BXECX
EGLAX
- 0.14
XEMDX
EGLAX
- 0.13
WFEMX

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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