Lord Abbett Correlations

LOMGX Fund

USD 32.71 0.75 2.35%

The current 90-days correlation between Lord Abbett Growth and Guidemark Large Cap is 0.23 (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 Growth 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 Growth 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 Growth. 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 price.

Moving together with Lord Mutual Fund

0.89	LFRAX	Floating Rate	Pair Corr
0.87	LFRFX	Floating Rate	Pair Corr
0.88	LFRIX	Floating Rate	Pair Corr
0.89	LFRRX	Lord Abbett Inv	Pair Corr
0.89	LFROX	Lord Abbett Floating	Pair Corr
0.61	LGCRX	Lord Abbett Global	Pair Corr
0.94	LGLCX	Lord Abbett Growth	Pair Corr
0.94	LGLAX	Lord Abbett Growth	Pair Corr
0.94	LGLFX	Lord Abbett Growth	Pair Corr
0.94	LGLIX	Lord Abbett Growth	Pair Corr
0.94	LGLOX	Lord Abbett Growth	Pair Corr
0.75	LGLSX	L Abbett Growth	Pair Corr
0.94	LGLQX	Lord Abbett Growth	Pair Corr
0.94	LGLUX	L Abbett Growth	Pair Corr
1.0	LGOFX	Lord Abbett Growth	Pair Corr
1.0	LGORX	Lord Abbett Growth	Pair Corr
1.0	LGOPX	Lord Abbett Growth	Pair Corr
0.81	LGRUX	Lord Abbett Investment	Pair Corr
0.81	LGRYX	Lord Abbett Investment	Pair Corr
0.64	CFBTX	Lord Abbett Climate	Pair Corr
0.69	LHYRX	Lord Abbett High	Pair Corr

Moving against Lord Mutual Fund

0.61	EMILX	Lord Abbett Emerging	Pair Corr
0.53	ELMCX	Lord Abbett Trust	Pair Corr
0.5	ELMFX	Lord Abbett Trust	Pair Corr
0.44	LIDAX	Lord Abbett International	Pair Corr
0.42	LICCX	Lord Abbett International	Pair Corr
0.4	LIAGX	Lord Abbett International	Pair Corr
0.4	LICQX	Lord Abbett International	Pair Corr
0.4	LICRX	Lord Abbett International	Pair Corr
0.39	LICSX	Lord Abbett Intl	Pair Corr
0.38	LICTX	Lord Abbett Intl	Pair Corr
0.38	LICVX	Lord Abbett Intl	Pair Corr
0.38	LICYX	Lord Abbett International	Pair Corr

Related Correlations Analysis

	GMLGX	LGPSX	LMTIX	LGPIX	ALCKX	RETSX	TAGRX
GMLGX		0.73	0.94	0.73	0.64	0.95	0.88	GMLGX
LGPSX	0.73		0.69	1.0	0.16	0.77	0.93	LGPSX
LMTIX	0.94	0.69		0.68	0.71	0.98	0.87	LMTIX
LGPIX	0.73	1.0	0.68		0.15	0.77	0.93	LGPIX
ALCKX	0.64	0.16	0.71	0.15		0.67	0.38	ALCKX
RETSX	0.95	0.77	0.98	0.77	0.67		0.92	RETSX
TAGRX	0.88	0.93	0.87	0.93	0.38	0.92		TAGRX
	GMLGX	LGPSX	LMTIX	LGPIX	ALCKX	RETSX	TAGRX

Click cells to compare fundamentals

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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
GMLGX	0.66	0.00	0.00	0.03	1.26	(0.62)	1.18	(1.48)	7.90
LGPSX	0.74	0.12	0.09	0.79	0.92	(0.75)	1.65	(1.56)	5.88
LMTIX	0.68	0.03	0.02	0.09	1.13	(0.69)	1.23	(1.49)	6.60
LGPIX	0.74	0.12	0.09	0.81	0.92	(0.73)	1.64	(1.54)	5.87
ALCKX	0.84	(0.01)	(0.01)	(0.04)	1.77	(0.73)	1.46	(2.35)	9.24
RETSX	0.54	0.03	0.02	0.18	0.79	(0.58)	1.03	(1.02)	5.86
TAGRX	0.59	0.05	0.04	0.57	0.79	(0.61)	1.04	(1.20)	5.70

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