L Abbett Correlations

Mutual Funds . USA . 
Fund . L Abbett Growth
LGLUX Fund  USD 51.47  0.53  1.04%   
The current 90-days correlation between L Abbett Growth and Blackrock All Cap Energy is 0.27 (i.e., Modest diversification). The correlation of L 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.

L Abbett Correlation With Market

Modest diversification

The correlation between L Abbett Growth and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding L Abbett Growth 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 L Abbett Growth. 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 employment.

Moving together with LGLUX Mutual Fund

  0.84LFRAX Floating RatePairCorr
  0.91LFRFX Floating RatePairCorr
  0.83LFRIX Floating RatePairCorr
  0.91LFRRX Lord Abbett InvPairCorr
  0.84LFROX Lord Abbett FloatingPairCorr
  1.0LGLCX Lord Abbett GrowthPairCorr
  1.0LGLAX Lord Abbett GrowthPairCorr
  1.0LGLFX Lord Abbett GrowthPairCorr
  1.0LGLIX Lord Abbett GrowthPairCorr
  0.96LGLOX Lord Abbett GrowthPairCorr
  1.0LGLSX L Abbett GrowthPairCorr
  1.0LGLQX Lord Abbett GrowthPairCorr
  0.96LGLRX Lord Abbett GrowthPairCorr
  1.0LGLVX L Abbett GrowthPairCorr
  0.92LGOFX Lord Abbett GrowthPairCorr
  0.86LGOQX Lord Abbett GrowthPairCorr
  0.92LGORX Lord Abbett GrowthPairCorr
  0.92LGOPX Lord Abbett GrowthPairCorr

Moving against LGLUX Mutual Fund

  0.68ELMFX Lord Abbett TrustPairCorr
  0.68ELMCX Lord Abbett TrustPairCorr
  0.68EMILX Lord Abbett EmergingPairCorr
  0.68EMOLX Lord Abbett TrustPairCorr
  0.68EMWLX Lord Abbett TrustPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
PEO
+ 0.97
BACIX
VENAX
+ 0.95
BACIX
VENAX
+ 0.93
PEO
HNRGX
+ 0.9
ALEFX
FRNRX
+ 0.85
BACIX
FRNRX
+ 0.85
PEO
  
High negative correlations   
FRNRX
- 0.62
TREIX
TREIX
- 0.28
BACIX
PEO
- 0.26
TREIX
VENAX
- 0.08
TREIX

Risk-Adjusted Indicators

There is a big difference between LGLUX Mutual Fund performing well and L 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 L 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.

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