Lord Abbett Correlations

LBNTX Fund

USD 7.21 0.01 0.14%

The current 90-days correlation between Lord Abbett Bond and Delaware Healthcare Fund is 0.12 (i.e., Average 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

Average diversification

The correlation between Lord Abbett Bond and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Bond 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 Bond. 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 estimate.

Moving together with Lord Mutual Fund

0.82	HYMOX	Lord Abbett High	Pair Corr
0.79	HYMQX	Lord Abbett Short	Pair Corr
0.82	HYMAX	Lord Abbett High	Pair Corr
0.81	HYMCX	Lord Abbett High	Pair Corr
0.82	HYMFX	Lord Abbett High	Pair Corr
0.82	HYMIX	Lord Abbett High	Pair Corr

Related Correlations Analysis

	DLHIX	AHSCX	LYFAX	HIAHX	SBHIX	LHCCX	BHSRX	HHCZX
DLHIX		0.57	0.75	0.95	0.8	0.55	0.97	-0.65	DLHIX
AHSCX	0.57		0.79	0.41	0.69	0.89	0.6	-0.13	AHSCX
LYFAX	0.75	0.79		0.61	0.79	0.76	0.71	-0.32	LYFAX
HIAHX	0.95	0.41	0.61		0.74	0.4	0.94	-0.77	HIAHX
SBHIX	0.8	0.69	0.79	0.74		0.71	0.84	-0.57	SBHIX
LHCCX	0.55	0.89	0.76	0.4	0.71		0.58	-0.05	LHCCX
BHSRX	0.97	0.6	0.71	0.94	0.84	0.58		-0.69	BHSRX
HHCZX	-0.65	-0.13	-0.32	-0.77	-0.57	-0.05	-0.69		HHCZX
	DLHIX	AHSCX	LYFAX	HIAHX	SBHIX	LHCCX	BHSRX	HHCZX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BHSRX	+ 0.97	DLHIX
HIAHX	+ 0.95	DLHIX
BHSRX	+ 0.94	HIAHX
LHCCX	+ 0.89	AHSCX
BHSRX	+ 0.84	SBHIX
SBHIX	+ 0.8	DLHIX

High negative correlations

HHCZX	- 0.77	HIAHX
HHCZX	- 0.69	BHSRX
HHCZX	- 0.65	DLHIX
HHCZX	- 0.57	SBHIX
HHCZX	- 0.32	LYFAX
HHCZX	- 0.13	AHSCX

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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DLHIX	0.64	(0.20)	0.00	(0.16)	0.00	0.00	0.99	(1.45)	4.38
AHSCX	0.57	(0.06)	(0.16)	0.00	0.75	(0.56)	0.82	(1.25)	4.55
LYFAX	0.64	(0.12)	0.00	(0.07)	0.00	0.00	1.10	(1.65)	3.82
HIAHX	0.64	(0.14)	0.00	(0.80)	0.00	0.00	0.91	(1.34)	3.83
SBHIX	0.62	(0.15)	0.00	(0.14)	0.00	0.00	1.00	(1.27)	4.23
LHCCX	0.76	(0.10)	(0.12)	0.00	1.01	(0.82)	1.50	(1.57)	5.15
BHSRX	0.59	(0.14)	0.00	(0.11)	0.00	0.00	0.91	(1.31)	3.39
HHCZX	0.16	0.00	(0.46)	0.15	0.00	(0.19)	0.37	(0.31)	1.14

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