Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Intl
LICTX Fund  USD 15.29  0.09  0.59%   
The current 90-days correlation between Lord Abbett Intl and Copeland Risk Managed is 0.58 (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 Intl and DJI is 0.48 (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 Intl 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 Intl. 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 estimate.

Moving against Lord Mutual Fund

  0.58LFRRX Lord Abbett InvPairCorr
  0.57LFRAX Floating RatePairCorr
  0.56LFRIX Floating RatePairCorr
  0.55LFRFX Floating RatePairCorr
  0.55LFROX Lord Abbett FloatingPairCorr
  0.44LFSFX Lord Abbett Focused Potential GrowthPairCorr
  0.44LFVAX Lord Abbett FocusedPairCorr
  0.43LFVCX Lord Abbett FocusedPairCorr
  0.55LGLAX Lord Abbett GrowthPairCorr
  0.55LGLFX Lord Abbett GrowthPairCorr
  0.55LGLSX L Abbett GrowthPairCorr
  0.52LGLCX Lord Abbett GrowthPairCorr
  0.52LGLIX Lord Abbett GrowthPairCorr
  0.52LGLOX Lord Abbett GrowthPairCorr
  0.52LGLQX Lord Abbett GrowthPairCorr
  0.52LGLRX Lord Abbett GrowthPairCorr
  0.52LGLUX L Abbett GrowthPairCorr
  0.54LGRUX Lord Abbett InvestmentPairCorr
  0.52LGLVX L Abbett GrowthPairCorr
  0.52LGOFX Lord Abbett GrowthPairCorr
  0.52LGOVX Lord Abbett GrowthPairCorr
  0.52LGOTX Lord Abbett GrowthPairCorr
  0.51LGOQX Lord Abbett GrowthPairCorr

Related Correlations Analysis

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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   
AAAIX
+ 0.9
CDCRX
NEAIX
+ 0.79
AAAIX
CYBAX
+ 0.7
AAAIX
NEAIX
+ 0.66
CDCRX
CYBAX
+ 0.61
CDCRX
CYBAX
+ 0.4
VWALX
  
High negative correlations   
VWALX
- 0.13
CDCRX
VWALX
- 0.01
AAAIX
VWALX
- 0.0
NEAIX

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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