Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Value
LVOAX Fund  USD 20.41  0.02  0.1%   
The current 90-days correlation between Lord Abbett Value and Vanguard Mid Cap Index is 0.74 (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

Poor diversification

The correlation between Lord Abbett Value and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Value 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 Value. 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 nation.

Moving together with Lord Mutual Fund

  0.96LFSFX Lord Abbett FocusedPairCorr
  0.76LFRAX Floating RatePairCorr
  0.74LFRFX Floating RatePairCorr
  0.74LFRIX Floating RatePairCorr
  0.74LFRRX Lord Abbett InvPairCorr
  0.75LFROX Lord Abbett FloatingPairCorr
  0.96LFVAX Lord Abbett FocusedPairCorr
  0.96LFVCX Lord Abbett FocusedPairCorr
  0.87LGCAX Lord Abbett GlobalPairCorr
  0.87LGCFX Lord Abbett GlobalPairCorr
  0.86LGCCX Lord Abbett GlobalPairCorr
  0.87LGCRX Lord Abbett GlobalPairCorr
  0.87LGCOX Lord Abbett GlobalPairCorr
  0.87LGCVX Lord Abbett GlobalPairCorr
  0.87LGCSX Lord Abbett GlobalPairCorr
  0.87LGCYX Lord Abbett GlobalPairCorr
  0.87LGCWX Lord Abbett GlobalPairCorr
  0.87LGLCX Lord Abbett GrowthPairCorr
  0.87LGLAX Lord Abbett GrowthPairCorr
  0.87LGLFX Lord Abbett GrowthPairCorr
  0.87LGLIX Lord Abbett GrowthPairCorr
  0.87LGLOX Lord Abbett GrowthPairCorr
  0.87LGLSX L Abbett GrowthPairCorr
  0.87LGLQX Lord Abbett GrowthPairCorr
  0.87LGLRX Lord Abbett GrowthPairCorr
  0.87LGLUX L Abbett GrowthPairCorr
  0.87LGLVX L Abbett GrowthPairCorr
  0.87LGOFX Lord Abbett GrowthPairCorr
  0.87LGORX Lord Abbett GrowthPairCorr
  0.87LGOPX Lord Abbett GrowthPairCorr
  0.87LGOVX Lord Abbett GrowthPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VIMAX  0.56  0.05  0.05  0.19  0.38 
(0.64)
 1.30 
(0.93)
 3.54 
VIMSX  0.55  0.05  0.05  0.19  0.39 
(0.64)
 1.29 
(0.93)
 3.54 
VMCPX  0.56  0.05  0.05  0.19  0.38 
(0.64)
 1.31 
(0.93)
 3.54 
VMCIX  0.56  0.05  0.05  0.19  0.38 
(0.64)
 1.31 
(0.94)
 3.54 
VEXAX  0.79  0.06  0.09  0.17  0.71 
(0.84)
 1.75 
(1.29)
 6.00 
VEMPX  0.79  0.06  0.09  0.17  0.71 
(0.84)
 1.74 
(1.29)
 6.00 
VIEIX  0.79  0.06  0.09  0.17  0.71 
(0.84)
 1.75 
(1.29)
 6.00 
VSEMX  0.79  0.06  0.09  0.17  0.71 
(0.84)
 1.75 
(1.29)
 6.00 
VEXMX  0.79  0.05  0.09  0.17  0.71 
(0.84)
 1.75 
(1.29)
 6.00 
FSMAX  0.79  0.06  0.09  0.17  0.71 
(0.84)
 1.75 
(1.29)
 6.01 

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