Lord Abbett Correlations

LIFAX Fund  USD 11.63  0.01  0.09%   
The current 90-days correlation between Lord Abbett Inflation and Invesco Gold Special is 0.12 (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

Average diversification

The correlation between Lord Abbett Inflation and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Inflation 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 Inflation. 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

  0.7ELMFX Lord Abbett TrustPairCorr
  0.7ELMCX Lord Abbett TrustPairCorr
  0.8HYMOX Lord Abbett HighPairCorr
  0.65HYMQX Lord Abbett ShortPairCorr
  0.8HYMAX Lord Abbett HighPairCorr
  0.78HYMCX Lord Abbett HighPairCorr
  0.8HYMFX Lord Abbett HighPairCorr
  0.8HYMIX Lord Abbett HighPairCorr
  0.61LGCAX Lord Abbett GlobalPairCorr
  0.61LGCFX Lord Abbett GlobalPairCorr
  0.61LGCCX Lord Abbett GlobalPairCorr
  0.61LGCRX Lord Abbett GlobalPairCorr
  0.61LGCOX Lord Abbett GlobalPairCorr
  0.61LGCVX Lord Abbett GlobalPairCorr
  0.63LGCSX Lord Abbett GlobalPairCorr
  0.61LGCYX Lord Abbett GlobalPairCorr
  0.61LGCWX Lord Abbett GlobalPairCorr
  0.69EMILX Lord Abbett EmergingPairCorr

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   
EKWDXEKWCX
GLDAXEKWCX
EKWDXGLDAX
EKWCXIOGYX
EKWDXIOGYX
GLDAXIOGYX
  
High negative correlations   
SPPIXIOGYX
SPPIXGLDAX
EKWDXSPPIX
SPPIXEKWCX
SPPIXQGLDX
GLRBXSPPIX

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.