Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Balanced
LABPX Fund  USD 13.51  0.08  0.59%   
The current 90-days correlation between Lord Abbett Balanced and Artisan High Income is 0.35 (i.e., Weak 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

Almost no diversification

The correlation between Lord Abbett Balanced and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Balanced 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 Balanced. 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 persons.

Moving together with Lord Mutual Fund

  0.83ELMFX Lord Abbett TrustPairCorr
  0.82ELMCX Lord Abbett TrustPairCorr
  0.92LFSFX Lord Abbett FocusedPairCorr
  0.82LFRAX Floating RatePairCorr
  0.81LFRFX Floating RatePairCorr
  0.82LFRIX Floating RatePairCorr
  0.8LFRRX Lord Abbett InvPairCorr
  0.83LFROX Lord Abbett FloatingPairCorr
  0.91LFVAX Lord Abbett FocusedPairCorr
  0.93LFVCX Lord Abbett FocusedPairCorr
  0.67HYMOX Lord Abbett HighPairCorr
  0.85HYMQX Lord Abbett ShortPairCorr
  0.67HYMAX Lord Abbett HighPairCorr
  0.7HYMFX Lord Abbett HighPairCorr
  0.7HYMIX Lord Abbett HighPairCorr
  0.88LGCAX Lord Abbett GlobalPairCorr
  0.95LGCFX Lord Abbett GlobalPairCorr
  0.95LGCCX Lord Abbett GlobalPairCorr
  0.95LGCRX Lord Abbett GlobalPairCorr
  0.95LGCOX Lord Abbett GlobalPairCorr
  0.95LGCVX Lord Abbett GlobalPairCorr
  0.95LGCSX Lord Abbett GlobalPairCorr
  0.95LGCYX Lord Abbett GlobalPairCorr
  0.95LGCWX Lord Abbett GlobalPairCorr
  0.83EMILX Lord Abbett EmergingPairCorr
  0.86LGOFX Lord Abbett GrowthPairCorr
  0.86LGOQX Lord Abbett GrowthPairCorr
  0.86LGORX Lord Abbett GrowthPairCorr
  0.86LGOPX Lord Abbett GrowthPairCorr

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.

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