Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Climate
CFBCX Fund  USD 8.56  0.04  0.47%   
The current 90-days correlation between Lord Abbett Climate and Lord Abbett Trust is -0.05 (i.e., Good 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

Significant diversification

The correlation between Lord Abbett Climate and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Climate and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Lord Abbett Climate. 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 main economic indicators.

Moving together with Lord Mutual Fund

  0.74HYMOX Lord Abbett HighPairCorr
  0.74HYMAX Lord Abbett HighPairCorr
  0.76HYMCX Lord Abbett HighPairCorr
  0.74HYMFX Lord Abbett HighPairCorr
  0.74HYMIX Lord Abbett HighPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ELMFX  0.73 (0.06)(0.12) 0.01  0.96 
(0.79)
 1.49 
(1.84)
 4.67 
ELMCX  0.74 (0.06)(0.12) 0.00  0.97 
(0.79)
 1.51 
(1.81)
 4.67 
LFSFX  0.97 (0.14)(0.06) 0.03  1.45 
(1.08)
 2.19 
(1.48)
 13.19 
LFRAX  0.07  0.03  0.00 (1.21) 0.00 
 0.00 
 0.12 
(0.12)
 1.00 
LFRFX  0.08  0.03  0.00 (0.74) 0.00 
 0.00 
 0.12 
(0.12)
 0.88 
LFRIX  0.08  0.03  0.00 (1.27) 0.00 
 0.00 
 0.25 
 0.00 
 0.88 
LFRRX  0.07  0.03  0.00 (1.31) 0.00 
 0.00 
 0.12 
 0.00 
 0.75 
LFROX  0.08  0.03  0.00 (0.97) 0.00 
 0.00 
 0.12 
(0.12)
 0.99 
LFVAX  0.98 (0.14)(0.06) 0.02  1.54 
(1.08)
 2.14 
(1.49)
 13.79 
LFVCX  0.97 (0.14)(0.06) 0.02  1.50 
(1.08)
 2.18 
(1.49)
 13.50 

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