Lord Abbett Correlations

LIFFX Fund  USD 11.86  0.01  0.08%   
The current 90-days correlation between Lord Abbett Inflation and Franklin Gold Precious is 0.34 (i.e., 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 poor diversification

The correlation between Lord Abbett Inflation and DJI is 0.82 (i.e., Very poor 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 price.

Moving together with Lord Mutual Fund

  0.79ELMFX Lord Abbett TrustPairCorr
  0.79ELMCX Lord Abbett TrustPairCorr
  0.79LFSFX Lord Abbett FocusedPairCorr
  0.65LFRAX Floating RatePairCorr
  0.65LFRFX Floating RatePairCorr
  0.67LFRIX Floating RatePairCorr
  0.63LFRRX Lord Abbett InvPairCorr
  0.68LFROX Lord Abbett FloatingPairCorr
  0.79LFVAX Lord Abbett FocusedPairCorr
  0.79LFVCX Lord Abbett FocusedPairCorr
  0.72HYMOX Lord Abbett HighPairCorr
  0.83HYMQX Lord Abbett ShortPairCorr
  0.75HYMAX Lord Abbett HighPairCorr
  0.71HYMCX Lord Abbett HighPairCorr
  0.79HYMFX Lord Abbett HighPairCorr
  0.79HYMIX Lord Abbett HighPairCorr
  0.8LGCAX Lord Abbett GlobalPairCorr
  0.81LGCFX Lord Abbett GlobalPairCorr
  0.81LGCCX Lord Abbett GlobalPairCorr
  0.81LGCRX Lord Abbett GlobalPairCorr
  0.81LGCOX Lord Abbett GlobalPairCorr
  0.81LGCVX Lord Abbett GlobalPairCorr
  0.81LGCSX Lord Abbett GlobalPairCorr
  0.81LGCYX Lord Abbett GlobalPairCorr
  0.81LGCWX Lord Abbett GlobalPairCorr
  0.8EMILX Lord Abbett EmergingPairCorr
  0.66LGOFX Lord Abbett GrowthPairCorr
  0.67LGOQX Lord Abbett GrowthPairCorr
  0.67LGORX Lord Abbett GrowthPairCorr
  0.67LGOPX Lord Abbett GrowthPairCorr

Related Correlations Analysis


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.