Lord Abbett Correlations

LAAFX Fund

USD 19.69 0.23 1.18%

The current 90-days correlation between Lord Abbett Affiliated and James Balanced Golden is 0.08 (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

Very weak diversification

The correlation between Lord Abbett Affiliated and DJI is 0.42 (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 Affiliated 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 Affiliated. 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 census.

Moving together with Lord Mutual Fund

0.85	LFSFX	Lord Abbett Focused	Pair Corr
0.86	LFVAX	Lord Abbett Focused	Pair Corr
0.86	LFVCX	Lord Abbett Focused	Pair Corr

Moving against Lord Mutual Fund

0.61	LFRIX	Floating Rate	Pair Corr
0.6	LFROX	Lord Abbett Floating	Pair Corr
0.59	LFRRX	Lord Abbett Inv	Pair Corr
0.58	LFRAX	Floating Rate	Pair Corr
0.58	LFRFX	Floating Rate	Pair Corr
0.32	LGLOX	Lord Abbett Growth	Pair Corr
0.62	LGRYX	Lord Abbett Investment	Pair Corr
0.61	LGRFX	Lord Abbett Investment	Pair Corr
0.61	LGRUX	Lord Abbett Investment	Pair Corr
0.6	LGRAX	Lord Abbett Investment	Pair Corr

Related Correlations Analysis

	GLRBX	RYPMX	EKWYX	SGDIX	FGDIX	SGDLX	IOGYX
GLRBX		0.46	0.4	0.44	0.37	0.44	0.45	GLRBX
RYPMX	0.46		0.94	0.91	0.95	0.91	0.98	RYPMX
EKWYX	0.4	0.94		0.89	0.99	0.89	0.96	EKWYX
SGDIX	0.44	0.91	0.89		0.91	1.0	0.93	SGDIX
FGDIX	0.37	0.95	0.99	0.91		0.91	0.98	FGDIX
SGDLX	0.44	0.91	0.89	1.0	0.91		0.93	SGDLX
IOGYX	0.45	0.98	0.96	0.93	0.98	0.93		IOGYX
	GLRBX	RYPMX	EKWYX	SGDIX	FGDIX	SGDLX	IOGYX

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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 Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
GLRBX	0.39	(0.02)	(0.25)	0.63	(0.90)	3.20
RYPMX	1.56	(0.15)	(0.43)	3.44	(3.29)	9.08
EKWYX	1.41	(0.06)	(0.10)	2.60	(3.17)	8.10
SGDIX	1.31	(0.15)	(0.98)	2.35	(2.70)	7.56
FGDIX	1.36	(0.09)	(0.16)	2.69	(2.96)	8.02
SGDLX	1.30	(0.15)	(1.00)	2.36	(2.69)	7.55
IOGYX	1.32	(0.13)	(0.26)	2.61	(2.81)	8.99

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