Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Focused
LFVAX Fund  USD 31.32  0.31  1.00%   
The current 90-days correlation between Lord Abbett Focused and Lord Abbett Trust is 0.09 (i.e., Significant 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 Focused and DJI is 0.86 (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 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 nation.

Moving together with Lord Mutual Fund

  1.0LFSFX Lord Abbett FocusedPairCorr
  0.66LFRAX Floating RatePairCorr
  0.64LFRFX Floating RatePairCorr
  0.63LFRIX Floating RatePairCorr
  0.64LFRRX Lord Abbett InvPairCorr
  0.65LFROX Lord Abbett FloatingPairCorr
  1.0LFVCX Lord Abbett FocusedPairCorr
  0.76LGCAX Lord Abbett GlobalPairCorr
  0.76LGCFX Lord Abbett GlobalPairCorr
  0.76LGCCX Lord Abbett GlobalPairCorr
  0.76LGCRX Lord Abbett GlobalPairCorr
  0.76LGCOX Lord Abbett GlobalPairCorr
  0.76LGCVX Lord Abbett GlobalPairCorr
  0.76LGCYX Lord Abbett GlobalPairCorr
  0.87LGLCX Lord Abbett GrowthPairCorr
  0.87LGLAX Lord Abbett GrowthPairCorr
  0.86LGLFX Lord Abbett GrowthPairCorr
  0.87LGLIX Lord Abbett GrowthPairCorr
  0.86LGLOX Lord Abbett GrowthPairCorr
  0.86LGLSX L Abbett GrowthPairCorr
  0.87LGLQX Lord Abbett GrowthPairCorr
  0.87LGLUX L Abbett GrowthPairCorr
  0.87LGLVX L Abbett GrowthPairCorr
  0.88LGOFX Lord Abbett GrowthPairCorr
  0.88LGORX Lord Abbett GrowthPairCorr
  0.88LGOPX Lord Abbett GrowthPairCorr
  0.88LGOVX Lord Abbett GrowthPairCorr
  0.88LGOSX Lord Abbett GrowthPairCorr
  0.61LGRUX Lord Abbett InvestmentPairCorr

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.

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