Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Short
LDLVX Fund  USD 3.86  0.01  0.26%   
The current 90-days correlation between Lord Abbett Short and Lord Abbett Trust is -0.15 (i.e., Good 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 Short 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 Short 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 Short. 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 real.

Moving together with Lord Mutual Fund

  0.73HYMOX Lord Abbett HighPairCorr
  0.71HYMQX Lord Abbett ShortPairCorr
  0.73HYMAX Lord Abbett HighPairCorr
  0.72HYMCX Lord Abbett HighPairCorr
  0.73HYMFX Lord Abbett HighPairCorr
  0.73HYMIX Lord Abbett HighPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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  0.01 (0.12) 0.06  1.01 
(0.81)
 1.49 
(1.84)
 4.67 
ELMCX  0.76 (0.05)(0.11) 0.02  1.00 
(0.79)
 1.51 
(1.81)
 4.67 
LFSFX  0.92 (0.02) 0.04  0.11  0.78 
(1.18)
 2.23 
(1.32)
 7.53 
LFRAX  0.08  0.03  0.00 (1.32) 0.00 
 0.00 
 0.13 
(0.12)
 1.00 
LFRFX  0.08  0.03  0.00  14.09  0.00 
 0.00 
 0.13 
(0.12)
 0.88 
LFRIX  0.08  0.03  0.00 (2.59) 0.00 
 0.00 
 0.25 
 0.00 
 0.88 
LFRRX  0.07  0.03  0.00 (23.36) 0.00 
 0.00 
 0.13 
 0.00 
 0.75 
LFROX  0.08  0.03  0.00  1.93  0.00 
 0.00 
 0.13 
(0.12)
 0.99 
LFVAX  0.92 (0.02) 0.04  0.11  0.79 
(1.18)
 2.22 
(1.31)
 7.49 
LFVCX  0.92 (0.02) 0.04  0.10  0.80 
(1.17)
 2.22 
(1.32)
 7.50 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY