Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Micro Cap
LMIYX Fund  USD 19.24  0.69  3.72%   
The current 90-days correlation between Lord Abbett Micro and Driehaus Micro Cap is 0.97 (i.e., Almost no 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 Micro Cap 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 Micro Cap 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 Micro Cap. 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 manufacturing.

Moving together with Lord Mutual Fund

  0.89LFSFX Lord Abbett FocusedPairCorr
  0.9LFVAX Lord Abbett FocusedPairCorr
  0.9LFVCX Lord Abbett FocusedPairCorr
  0.64LGCAX Lord Abbett GlobalPairCorr
  0.66LGCCX Lord Abbett GlobalPairCorr
  0.63LGCOX Lord Abbett GlobalPairCorr
  0.63LGCWX Lord Abbett GlobalPairCorr
  0.95LGLCX Lord Abbett GrowthPairCorr
  0.95LGLAX Lord Abbett GrowthPairCorr
  0.94LGLFX Lord Abbett GrowthPairCorr
  0.94LGLIX Lord Abbett GrowthPairCorr
  0.86LGLOX Lord Abbett GrowthPairCorr
  0.84LGLSX L Abbett GrowthPairCorr
  0.95LGLQX Lord Abbett GrowthPairCorr
  0.86LGLRX Lord Abbett GrowthPairCorr
  0.86LGLUX L Abbett GrowthPairCorr
  0.86LGLVX L Abbett GrowthPairCorr
  0.93LGOFX Lord Abbett GrowthPairCorr
  0.87LGOQX Lord Abbett GrowthPairCorr
  0.93LGORX Lord Abbett GrowthPairCorr
  0.93LGOPX Lord Abbett GrowthPairCorr

Moving against Lord Mutual Fund

  0.65HYMQX Lord Abbett ShortPairCorr
  0.61ELMFX Lord Abbett TrustPairCorr
  0.6ELMCX Lord Abbett TrustPairCorr
  0.51HYMAX Lord Abbett HighPairCorr
  0.51HYMFX Lord Abbett HighPairCorr
  0.47HYMOX Lord Abbett HighPairCorr
  0.47HYMCX Lord Abbett HighPairCorr
  0.42HYMIX Lord Abbett HighPairCorr
  0.77LGRAX Lord Abbett InvestmentPairCorr
  0.75LGRFX Lord Abbett InvestmentPairCorr
  0.75LGRYX Lord Abbett InvestmentPairCorr
  0.74LGRUX Lord Abbett InvestmentPairCorr
  0.62EMILX Lord Abbett EmergingPairCorr
  0.61EMOLX Lord Abbett TrustPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY