Lord Abbett Correlations

LOPLX Fund  USD 12.84  0.02  0.16%   
The current 90-days correlation between Lord Abbett Core and Morningstar Defensive Bond is 0.82 (i.e., Very 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

Good diversification

The correlation between Lord Abbett Core and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Core 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 Core. 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 bureau of economic analysis.

Moving together with Lord Mutual Fund

  0.7ELMFX Lord Abbett TrustPairCorr
  0.7ELMCX Lord Abbett TrustPairCorr
  0.91HYMOX Lord Abbett HighPairCorr
  0.92HYMQX Lord Abbett ShortPairCorr
  0.91HYMAX Lord Abbett HighPairCorr
  0.9HYMCX Lord Abbett HighPairCorr
  0.91HYMFX Lord Abbett HighPairCorr
  0.92HYMIX Lord Abbett HighPairCorr
  0.7EMILX Lord Abbett EmergingPairCorr

Moving against Lord Mutual Fund

  0.36LFSFX Lord Abbett FocusedPairCorr
  0.36LFVAX Lord Abbett FocusedPairCorr
  0.36LFVCX Lord Abbett FocusedPairCorr
  0.5LGLCX Lord Abbett GrowthPairCorr
  0.49LGLAX Lord Abbett GrowthPairCorr
  0.49LGLFX Lord Abbett GrowthPairCorr
  0.49LGLIX Lord Abbett GrowthPairCorr
  0.49LGLSX L Abbett GrowthPairCorr
  0.49LGLQX Lord Abbett GrowthPairCorr
  0.49LGLRX Lord Abbett GrowthPairCorr
  0.49LGLUX L Abbett GrowthPairCorr
  0.45LGLOX Lord Abbett GrowthPairCorr
  0.49LGLVX L Abbett GrowthPairCorr
  0.44LGOFX Lord Abbett GrowthPairCorr
  0.44LGOQX Lord Abbett GrowthPairCorr
  0.44LGORX Lord Abbett GrowthPairCorr
  0.44LGOPX Lord Abbett GrowthPairCorr
  0.44LGOSX Lord Abbett GrowthPairCorr

Related Correlations Analysis

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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.