Lord Abbett Correlations

LICSX Fund

USD 15.46 0.10 0.64%

The current 90-days correlation between Lord Abbett Intl and Blackrock All Cap Energy is 0.26 (i.e., Modest 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 Intl and DJI is 0.59 (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 Intl 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 Intl. 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 state.

Moving together with Lord Mutual Fund

0.93	ELMFX	Lord Abbett Trust	Pair Corr
0.92	ELMCX	Lord Abbett Trust	Pair Corr
0.62	LFRAX	Floating Rate	Pair Corr
0.68	LFRFX	Floating Rate	Pair Corr
0.68	LFRIX	Floating Rate	Pair Corr
0.69	LFROX	Lord Abbett Floating	Pair Corr
0.82	HYMOX	Lord Abbett High	Pair Corr
0.85	HYMQX	Lord Abbett Short	Pair Corr
0.82	HYMAX	Lord Abbett High	Pair Corr
0.82	HYMCX	Lord Abbett High	Pair Corr
0.82	HYMFX	Lord Abbett High	Pair Corr
0.82	HYMIX	Lord Abbett High	Pair Corr
0.93	EMILX	Lord Abbett Emerging	Pair Corr

Moving against Lord Mutual Fund

0.49	LFVCX	Lord Abbett Focused	Pair Corr
0.48	LFSFX	Lord Abbett Focused	Pair Corr
0.48	LFVAX	Lord Abbett Focused	Pair Corr
0.34	LGLAX	Lord Abbett Growth	Pair Corr
0.31	LGORX	Lord Abbett Growth	Pair Corr

Related Correlations Analysis

	BACCX	IEFCX	FRNRX	PEO	XEMOX
BACCX		0.98	0.97	0.95	0.76	BACCX
IEFCX	0.98		0.98	0.97	0.83	IEFCX
FRNRX	0.97	0.98		0.93	0.8	FRNRX
PEO	0.95	0.97	0.93		0.82	PEO
XEMOX	0.76	0.83	0.8	0.82		XEMOX
	BACCX	IEFCX	FRNRX	PEO	XEMOX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
BACCX	0.82	(0.02)	(0.18)	1.30	(2.08)	5.48
IEFCX	0.86	0.00	(0.15)	1.36	(2.20)	5.65
FRNRX	0.86	(0.01)	(0.16)	1.23	(1.97)	4.96
PEO	0.90	(0.03)	(0.22)	1.45	(2.04)	5.71
XEMOX	1.14	(0.03)	0.19	2.15	(3.03)	6.66

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