Lord Abbett Correlations

Summary

LGBWXDelisted Fund

USD 8.11 0.00 0.00%

The current 90-days correlation between Lord Abbett Global and Lord Abbett Diversified is 0.13 (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

Good diversification

The correlation between Lord Abbett Global and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Global and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios. 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 housing.

Moving against Lord Mutual Fund

0.44	FFBTX	Fidelity Freedom Blend	Pair Corr
0.4	FTYPX	Fidelity Freedom Index	Pair Corr
0.38	GAAVX	Gmo Alternative Allo	Pair Corr
0.33	GQLOX	Gmo Quality Fund	Pair Corr
0.61	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.57	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.52	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.49	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.34	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr

Related Correlations Analysis

	LIGFX	ADX	FZABX	OIDAX	BICPX	PDNIX	QDARX
LIGFX		0.8	-0.01	-0.19	0.3	0.4	-0.17	LIGFX
ADX	0.8		-0.39	-0.59	-0.25	-0.16	-0.37	ADX
FZABX	-0.01	-0.39		0.96	0.64	0.46	0.75	FZABX
OIDAX	-0.19	-0.59	0.96		0.64	0.49	0.76	OIDAX
BICPX	0.3	-0.25	0.64	0.64		0.86	0.4	BICPX
PDNIX	0.4	-0.16	0.46	0.49	0.86		0.26	PDNIX
QDARX	-0.17	-0.37	0.75	0.76	0.4	0.26		QDARX
	LIGFX	ADX	FZABX	OIDAX	BICPX	PDNIX	QDARX

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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

OIDAX	+ 0.96	FZABX
PDNIX	+ 0.86	BICPX
ADX	+ 0.8	LIGFX
QDARX	+ 0.76	OIDAX
QDARX	+ 0.75	FZABX
BICPX	+ 0.64	FZABX

High negative correlations

OIDAX	- 0.59	ADX
FZABX	- 0.39	ADX
QDARX	- 0.37	ADX
BICPX	- 0.25	ADX
OIDAX	- 0.19	LIGFX
QDARX	- 0.17	LIGFX

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
LIGFX	0.25	(0.01)	(0.31)	0.10	0.19	(0.29)	0.55	(0.50)	1.23
ADX	0.64	(0.01)	(0.03)	0.12	0.80	(0.66)	1.35	(1.20)	3.44
FZABX	0.69	(0.13)	0.00	(0.07)	0.00	0.00	1.18	(1.71)	4.32
OIDAX	0.63	(0.15)	0.00	(0.14)	0.00	0.00	1.16	(1.50)	4.20
BICPX	0.19	(0.01)	(0.47)	0.02	0.18	(0.29)	0.44	(0.43)	1.21
PDNIX	0.15	0.01	(0.48)	0.37	0.07	(0.21)	0.31	(0.31)	0.93
QDARX	0.11	(0.02)	0.00	1.95	0.00	0.00	0.16	(0.24)	0.73

Lord Abbett Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Lord Abbett mutual fund to make a market-neutral strategy. Peer analysis of Lord Abbett could also be used in its relative valuation, which is a method of valuing Lord Abbett by comparing valuation metrics with similar companies.

Lord Abbett Diversified Adams Diversified Equity Fidelity Advisor Diversified Oppenheimer International Diversified Blackrock Conservative Prprdptfinstttnl Pimco Diversified Income Aqr Diversified Arbitrage American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp

Risk & Return

Correlation

Still Interested in Lord Abbett Global?

Investing in delisted funds can be risky, as the mutual fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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