Lord Abbett Correlations

LFGQX Fund

USD 35.63 0.06 0.17%

The current 90-days correlation between Lord Abbett Focused and Fidelity Real Estate is 0.27 (i.e., Modest 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 Focused and DJI is 0.57 (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 Focused 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 Focused. 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 producer price index.

Moving together with Lord Mutual Fund

0.68	LFRAX	Floating Rate	Pair Corr
0.7	LFRFX	Floating Rate	Pair Corr
0.66	LFRIX	Floating Rate	Pair Corr
0.67	LFRRX	Lord Abbett Inv	Pair Corr
0.86	LGLCX	Lord Abbett Growth	Pair Corr
0.86	LGLAX	Lord Abbett Growth	Pair Corr
0.93	LGLFX	Lord Abbett Growth	Pair Corr
0.97	LGLIX	Lord Abbett Growth	Pair Corr
0.93	LGLOX	Lord Abbett Growth	Pair Corr
1.0	LGLSX	L Abbett Growth	Pair Corr
0.97	LGLQX	Lord Abbett Growth	Pair Corr
0.97	LGLRX	Lord Abbett Growth	Pair Corr
0.97	LGLUX	L Abbett Growth	Pair Corr
1.0	LGLVX	L Abbett Growth	Pair Corr
0.87	LGOFX	Lord Abbett Growth	Pair Corr
0.9	LGOQX	Lord Abbett Growth	Pair Corr
0.89	LGORX	Lord Abbett Growth	Pair Corr
0.89	LGOPX	Lord Abbett Growth	Pair Corr

Moving against Lord Mutual Fund

0.74

EMOLX

Lord Abbett Trust

Pair Corr

Related Correlations Analysis

	FIKMX	MRESX	VUVAF	FORFX	NRSCX	PJEAX	RRRZX
FIKMX		0.96	0.0	-0.35	0.17	0.95	0.96	FIKMX
MRESX	0.96		0.0	-0.43	0.03	0.98	1.0	MRESX
VUVAF	0.0	0.0		0.0	0.0	0.0	0.0	VUVAF
FORFX	-0.35	-0.43	0.0		0.24	-0.31	-0.45	FORFX
NRSCX	0.17	0.03	0.0	0.24		0.0	-0.01	NRSCX
PJEAX	0.95	0.98	0.0	-0.31	0.0		0.98	PJEAX
RRRZX	0.96	1.0	0.0	-0.45	-0.01	0.98		RRRZX
	FIKMX	MRESX	VUVAF	FORFX	NRSCX	PJEAX	RRRZX

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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

RRRZX	+ 1.0	MRESX
PJEAX	+ 0.98	MRESX
RRRZX	+ 0.98	PJEAX
MRESX	+ 0.96	FIKMX
RRRZX	+ 0.96	FIKMX
PJEAX	+ 0.95	FIKMX

High negative correlations

RRRZX	- 0.45	FORFX
FORFX	- 0.43	MRESX
FORFX	- 0.35	FIKMX
PJEAX	- 0.31	FORFX
RRRZX	- 0.01	NRSCX
PJEAX	- 0.0	NRSCX

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
FIKMX	0.24	(0.05)	(0.70)	0.50	(0.59)	1.59
MRESX	0.85	(0.16)	(0.66)	1.28	(1.90)	5.40
VUVAF	0.00	0.00	0.00	0.00	0.00	0.00
FORFX	0.07	0.01	0.28	0.10	0.00	1.44
NRSCX	0.24	(0.04)	(1.18)	0.43	(0.37)	3.06
PJEAX	0.82	(0.11)	(0.37)	1.26	(1.91)	5.58
RRRZX	0.87	(0.16)	(0.63)	1.21	(1.91)	5.76

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