Lord Abbett Correlations

LIFRX Fund  USD 11.85  0.01  0.08%   
The current 90-days correlation between Lord Abbett Inflation and Ab Global Risk is 0.2 (i.e., Modest 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

Poor diversification

The correlation between Lord Abbett Inflation and DJI is 0.7 (i.e., 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 poverty.

Moving together with Lord Mutual Fund

  0.7ELMFX Lord Abbett TrustPairCorr
  0.7ELMCX Lord Abbett TrustPairCorr
  0.7LFSFX Lord Abbett FocusedPairCorr
  0.74LFRAX Floating RatePairCorr
  0.74LFRFX Floating RatePairCorr
  0.75LFRIX Floating RatePairCorr
  0.73LFRRX Lord Abbett InvPairCorr
  0.74LFROX Lord Abbett FloatingPairCorr
  0.7LFVAX Lord Abbett FocusedPairCorr
  0.7LFVCX Lord Abbett FocusedPairCorr
  0.7HYMCX Lord Abbett HighPairCorr
  0.77HYMIX Lord Abbett HighPairCorr
  0.71LGCAX Lord Abbett GlobalPairCorr
  0.71LGCFX Lord Abbett GlobalPairCorr
  0.71LGCCX Lord Abbett GlobalPairCorr
  0.71LGCRX Lord Abbett GlobalPairCorr
  0.71LGCVX Lord Abbett GlobalPairCorr
  0.71LGCSX Lord Abbett GlobalPairCorr
  0.71LGCYX Lord Abbett GlobalPairCorr
  0.71LGCWX Lord Abbett GlobalPairCorr
  0.82LGRAX Lord Abbett InvestmentPairCorr
  0.82LHYOX Lord Abbett HighPairCorr
  0.82LHYVX Lord Abbett HighPairCorr
  0.82LHYTX Lord Abbett HighPairCorr
  0.68LIAGX Lord Abbett InternationalPairCorr
  0.73LICAX Lord Abbett InternationalPairCorr
  0.73LICQX Lord Abbett InternationalPairCorr

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.