Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Diversified
ISFYX Fund  USD 16.20  0.06  0.37%   
The current 90-days correlation between Lord Abbett Diversified and Dunham High Yield is 0.05 (i.e., Significant 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

LordDowDiversified AwayLordDowDiversified Away100%

Very weak diversification

The correlation between Lord Abbett Diversified and DJI is 0.54 (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 Diversified and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Lord Abbett Diversified. 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 manufacturing.

Moving together with Lord Mutual Fund

  0.71ELMFX Lord Abbett TrustPairCorr
  0.71ELMCX Lord Abbett TrustPairCorr
  0.77HYMOX Lord Abbett HighPairCorr
  0.77HYMQX Lord Abbett ShortPairCorr
  0.71HYMAX Lord Abbett HighPairCorr
  0.77HYMCX Lord Abbett HighPairCorr
  0.76HYMFX Lord Abbett HighPairCorr
  0.7HYMIX Lord Abbett HighPairCorr
  0.84LGCAX Lord Abbett GlobalPairCorr
  0.76LGCFX Lord Abbett GlobalPairCorr
  0.83LGCCX Lord Abbett GlobalPairCorr
  0.84LGCRX Lord Abbett GlobalPairCorr
  0.77LGCOX Lord Abbett GlobalPairCorr
  0.85LGCVX Lord Abbett GlobalPairCorr
  0.84LGCSX Lord Abbett GlobalPairCorr
  0.84LGCYX Lord Abbett GlobalPairCorr
  0.85LGCWX Lord Abbett GlobalPairCorr
  0.71EMILX Lord Abbett EmergingPairCorr

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.

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