Lord Abbett Correlations

LICQX Fund  USD 15.13  0.12  0.79%   
The current 90-days correlation between Lord Abbett International and Federated High Yield is 0.46 (i.e., Very weak 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 International and DJI is 0.47 (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 International 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 International. 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

  0.78ELMFX Lord Abbett TrustPairCorr
  0.78ELMCX Lord Abbett TrustPairCorr
  0.85EMILX Lord Abbett EmergingPairCorr

Moving against Lord Mutual Fund

  0.55LFRAX Floating RatePairCorr
  0.55LFRFX Floating RatePairCorr
  0.55LFROX Lord Abbett FloatingPairCorr
  0.53LFRIX Floating RatePairCorr
  0.53LFRRX Lord Abbett InvPairCorr
  0.37LGLOX Lord Abbett Growth Potential GrowthPairCorr
  0.31LGLAX Lord Abbett GrowthPairCorr
  0.31LGLFX Lord Abbett Growth Potential GrowthPairCorr
  0.31LGLIX Lord Abbett Growth Potential GrowthPairCorr
  0.31LGLSX L Abbett GrowthPairCorr
  0.31LGLQX Lord Abbett GrowthPairCorr
  0.31LGLRX Lord Abbett GrowthPairCorr
  0.31LGLUX L Abbett Growth Potential GrowthPairCorr
  0.55LGRAX Lord Abbett InvestmentPairCorr
  0.55LGRFX Lord Abbett InvestmentPairCorr
  0.55LGRYX Lord Abbett InvestmentPairCorr
  0.54LGRUX Lord Abbett InvestmentPairCorr
  0.31LGLVX L Abbett Growth Potential GrowthPairCorr

Related Correlations Analysis

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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.