Lord Abbett Correlations

LMVYX Fund

USD 29.66 0.42 1.40%

The current 90-days correlation between Lord Abbett Micro and Ultramid Cap Profund Ultramid Cap is 0.77 (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

Modest diversification

The correlation between Lord Abbett Micro Cap and DJI is 0.22 (i.e., Modest 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

1.0	LFSFX	Lord Abbett Focused	Pair Corr
1.0	LFVAX	Lord Abbett Focused	Pair Corr
1.0	LFVCX	Lord Abbett Focused	Pair Corr

Related Correlations Analysis

	UMPSX	RMBNX	MMEYX	RMBKX	MMERX
UMPSX		0.92	0.92	0.92	0.3	UMPSX
RMBNX	0.92		0.88	1.0	0.54	RMBNX
MMEYX	0.92	0.88		0.88	0.3	MMEYX
RMBKX	0.92	1.0	0.88		0.54	RMBKX
MMERX	0.3	0.54	0.3	0.54		MMERX
	UMPSX	RMBNX	MMEYX	RMBKX	MMERX

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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
UMPSX	1.36	0.01	0.00	0.04	1.86	(1.48)	3.22	(2.32)	15.98
RMBNX	1.13	0.08	0.04	0.32	1.30	(1.25)	2.60	(2.32)	15.67
MMEYX	1.04	(0.06)	0.00	(0.08)	0.00	0.00	2.03	(1.66)	15.23
RMBKX	1.13	0.08	0.04	0.30	1.34	(1.26)	2.59	(2.32)	15.65
MMERX	1.09	0.15	0.10	(1.55)	1.04	(1.24)	2.92	(1.74)	6.68

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Lord Abbett Correlations

Lord Abbett Correlation With Market

Modest diversification

Moving together with Lord Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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