Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Multi Asset
LABFX Fund  USD 13.67  0.02  0.15%   
The current 90-days correlation between Lord Abbett Multi and Lord Abbett Trust is 0.75 (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

Very poor diversification

The correlation between Lord Abbett Multi Asset and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Multi Asset 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 Multi Asset. 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 price.

Moving together with Lord Mutual Fund

  0.79LFSFX Lord Abbett FocusedPairCorr
  0.64LFRFX Floating RatePairCorr
  0.62LFRIX Floating RatePairCorr
  0.75LFVAX Lord Abbett FocusedPairCorr
  0.78LFVCX Lord Abbett FocusedPairCorr
  0.64LGCAX Lord Abbett GlobalPairCorr
  0.88LGCFX Lord Abbett GlobalPairCorr
  0.87LGCCX Lord Abbett GlobalPairCorr
  0.88LGCRX 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

Related Correlations Analysis


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  0.78 (0.02)(0.03) 0.04  1.00 
(0.88)
 1.60 
(1.16)
 4.97 
ELMCX  0.79 (0.02)(0.02) 0.05  0.97 
(0.86)
 1.58 
(1.18)
 5.00 
LFSFX  0.89  0.01  0.03  0.08  0.95 
(1.06)
 2.31 
(1.60)
 6.01 
LFRAX  0.08  0.02 (0.34)(2.56) 0.00 
(0.26)
 0.13 
(0.13)
 0.88 
LFRFX  0.08  0.01 (0.36) 0.35  0.00 
(0.24)
 0.13 
(0.13)
 0.88 
LFRIX  0.07  0.02 (0.33)(0.59) 0.00 
(0.25)
 0.13 
(0.13)
 0.88 
LFRRX  0.07  0.02  0.00 (0.71) 0.00 
 0.00 
 0.13 
(0.13)
 0.75 
LFROX  0.08  0.02 (0.37)(0.96) 0.00 
(0.25)
 0.13 
(0.13)
 0.88 
LFVAX  0.90  0.09  0.04  0.30  0.96 
(1.08)
 2.30 
(1.63)
 6.58 
LFVCX  0.90  0.01  0.04  0.08  0.96 
(1.07)
 2.32 
(1.63)
 6.35 

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