Lord Abbett Correlations

LIXTX Fund  USD 16.38  0.04  0.24%   
The current 90-days correlation between Lord Abbett Multi and Lord Abbett Trust is 0.65 (i.e., Poor 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

LordDowDiversified AwayLordDowDiversified Away100%

Very weak diversification

The correlation between Lord Abbett Multi Asset and DJI is 0.47 (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 Multi Asset 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 Multi Asset. 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 estimate.

Moving together with Lord Mutual Fund

  0.78ELMFX Lord Abbett TrustPairCorr
  0.77ELMCX Lord Abbett TrustPairCorr
  0.78HYMOX Lord Abbett HighPairCorr
  0.82HYMQX Lord Abbett ShortPairCorr
  0.77HYMAX Lord Abbett HighPairCorr
  0.76HYMCX Lord Abbett HighPairCorr
  0.77HYMFX Lord Abbett HighPairCorr
  0.78HYMIX Lord Abbett HighPairCorr
  0.93LGCAX Lord Abbett GlobalPairCorr
  0.93LGCFX Lord Abbett GlobalPairCorr
  0.93LGCCX Lord Abbett GlobalPairCorr
  0.93LGCRX Lord Abbett GlobalPairCorr
  0.92LGCOX Lord Abbett GlobalPairCorr
  0.93LGCVX Lord Abbett GlobalPairCorr
  0.93LGCSX Lord Abbett GlobalPairCorr
  0.93LGCYX Lord Abbett GlobalPairCorr
  0.93LGCWX Lord Abbett GlobalPairCorr
  0.65LGLCX Lord Abbett GrowthPairCorr
  0.64LGLAX Lord Abbett GrowthPairCorr
  0.64LGLFX Lord Abbett GrowthPairCorr
  0.64LGLIX Lord Abbett GrowthPairCorr
  0.64LGLOX Lord Abbett GrowthPairCorr
  0.64LGLSX L Abbett GrowthPairCorr
  0.64LGLQX Lord Abbett GrowthPairCorr
  0.64LGLRX Lord Abbett GrowthPairCorr
  0.64LGLUX L Abbett GrowthPairCorr
  0.64LGLVX L Abbett GrowthPairCorr
  0.78EMILX Lord Abbett EmergingPairCorr
  0.91LGOFX Lord Abbett GrowthPairCorr
  0.91LGOQX Lord Abbett GrowthPairCorr
  0.91LGORX Lord Abbett GrowthPairCorr
  0.91LGOPX Lord 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   
ELMCXELMFX
LFVAXLFSFX
LFVCXLFSFX
LFRRXLFRAX
LFROXLFRAX
LFRIXLFRFX
  
High negative correlations   
LFVCXLFROX
LFVAXLFROX
LFVCXLFRIX
LFVAXLFRIX
LFRIXLFSFX
LFVCXLFRRX

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ELMFX  0.60  0.01  0.01  0.02  0.88 
 1.31 
 3.63 
ELMCX  0.60  0.00  0.00  0.00  0.88 
 1.25 
 3.60 
LFSFX  0.84 (0.18) 0.00 (0.22) 0.00 
 1.64 
 8.65 
LFRAX  0.08  0.01  0.10 (0.83) 0.00 
 0.12 
 0.75 
LFRFX  0.06  0.01  0.09 (0.48) 0.00 
 0.12 
 0.75 
LFRIX  0.07  0.02  0.11 (0.64) 0.00 
 0.12 
 0.87 
LFRRX  0.07  0.01  0.10 (0.62) 0.00 
 0.12 
 0.75 
LFROX  0.07  0.01  0.10 (1.81) 0.00 
 0.12 
 0.87 
LFVAX  0.85 (0.19) 0.00 (0.23) 0.00 
 1.60 
 9.25 
LFVCX  0.84 (0.19) 0.00 (0.23) 0.00 
 1.63 
 8.95