L Abbett Growth Fund Price on February 23, 2024
| LGLUX Fund | USD 50.76 0.87 1.74% |
Below is the normalized historical share price chart for L Abbett Growth extending back to July 01, 2015. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of L Abbett stands at 50.76, as last reported on the 23rd of December, with the highest price reaching 50.76 and the lowest price hitting 50.76 during the day.
If you're considering investing in LGLUX Mutual Fund, it is important to understand the factors that can impact its price. L Abbett appears to be very steady, given 3 months investment horizon. L Abbett Growth retains Efficiency (Sharpe Ratio) of 0.18, which conveys that the fund had a 0.18% return per unit of return volatility over the last 3 months. We have found twenty-seven technical indicators for L Abbett, which you can use to evaluate the volatility of the entity. Please exercise L Abbett's Mean Deviation of 0.8921, downside deviation of 1.5, and Market Risk Adjusted Performance of 0.2442 to check out if our risk estimates are consistent with your expectations.
LGLUX Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
LGLUX |
Sharpe Ratio = 0.1845
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Estimated Market Risk
| 1.29 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.24 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average L Abbett is performing at about 14% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of L Abbett by adding it to a well-diversified portfolio.
L Abbett Valuation on February 23, 2024
It is possible to determine the worth of L Abbett on a given historical date. On February 23, 2024 LGLUX was worth 39.26 at the beginning of the trading date compared to the closed value of 39.26. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of L Abbett mutual fund. Still, in general, we apply an absolute valuation method to find L Abbett's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of L Abbett where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against L Abbett's related companies.
| Open | High | Low | Close | Volume | |
| 39.41 | 39.41 | 39.41 | 39.41 | 1.00 | |
02/23/2024 | 39.26 | 39.26 | 39.26 | 39.26 | 1.00 |
| 39.37 | 39.37 | 39.37 | 39.37 | 1.00 |
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L Abbett Trading Date Momentum on February 23, 2024
| On February 26 2024 L Abbett Growth was traded for 39.37 at the closing time. The highest daily price throughout the period was 39.37 and the lowest price was 39.37 . There was no trading activity during the period 1.0. Lack of trading volume on 02/26/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.28% . The trading delta at closing time to current closing price is 2.75% . |
L Abbett Growth Fundamentals Correlations and Trends
By evaluating L Abbett's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among L Abbett's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. LGLUX financial account trend analysis is a perfect complement when working with valuation or volatility modules.About L Abbett Mutual Fund history
L Abbett investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for LGLUX is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in L Abbett Growth will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing L Abbett stock prices may prove useful in developing a viable investing in L Abbett
The fund invests in equity securities of U.S. and foreign companies across all market capitalization ranges that the portfolio management team believes demonstrate above-average, long-term growth potential. Under normal conditions, it invests at least 50 percent of its net assets in companies having a market capitalization at the time of purchase that falls within the market capitalization range of companies in the Russell 1000 Index.
L Abbett Mutual Fund Technical Analysis
L Abbett technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
L Abbett Period Price Range
Low | December 23, 2024
| High |
0.00 | 0.00 |
L Abbett Growth cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
L Abbett December 23, 2024 Market Strength
Market strength indicators help investors to evaluate how L Abbett mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading L Abbett shares will generate the highest return on investment. By undertsting and applying L Abbett mutual fund market strength indicators, traders can identify L Abbett Growth entry and exit signals to maximize returns
L Abbett Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for L Abbett's price direction in advance. Along with the technical and fundamental analysis of LGLUX Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of LGLUX to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1573 | |||
| Jensen Alpha | 0.2136 | |||
| Total Risk Alpha | 0.2004 | |||
| Sortino Ratio | 0.1421 | |||
| Treynor Ratio | 0.2342 |
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Other Information on Investing in LGLUX Mutual Fund
L Abbett financial ratios help investors to determine whether LGLUX Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in LGLUX with respect to the benefits of owning L Abbett security.
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
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