Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Diversified
LIGFX Fund  USD 16.40  0.03  0.18%   
The current 90-days correlation between Lord Abbett Diversified and Rbb Fund is 0.76 (i.e., Poor 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 Diversified and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Diversified 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 Diversified. 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 census.

Moving together with Lord Mutual Fund

  0.74LFSFX Lord Abbett FocusedPairCorr
  0.61LFRAX Floating RatePairCorr
  0.62LFRFX Floating RatePairCorr
  0.61LFRIX Floating RatePairCorr
  0.61LFRRX Lord Abbett InvPairCorr
  0.63LFROX Lord Abbett FloatingPairCorr
  0.74LFVAX Lord Abbett FocusedPairCorr
  0.73LFVCX Lord Abbett FocusedPairCorr
  0.65HYMQX Lord Abbett ShortPairCorr
  0.86LGCAX Lord Abbett GlobalPairCorr
  0.86LGCFX Lord Abbett GlobalPairCorr
  0.86LGCCX Lord Abbett GlobalPairCorr
  0.86LGCRX Lord Abbett GlobalPairCorr
  0.86LGCOX Lord Abbett GlobalPairCorr
  0.86LGCVX Lord Abbett GlobalPairCorr
  0.86LGCYX Lord Abbett GlobalPairCorr
  0.86LGCWX Lord Abbett GlobalPairCorr
  0.77LGLCX Lord Abbett GrowthPairCorr
  0.77LGLAX Lord Abbett GrowthPairCorr
  0.77LGLFX Lord Abbett GrowthPairCorr
  0.77LGLIX Lord Abbett GrowthPairCorr
  0.77LGLSX L Abbett GrowthPairCorr
  0.77LGLQX Lord Abbett GrowthPairCorr
  0.77LGLUX L Abbett GrowthPairCorr
  0.77LGLVX L Abbett GrowthPairCorr
  0.79LGOFX Lord Abbett GrowthPairCorr
  0.79LGORX Lord Abbett GrowthPairCorr
  0.79LGOPX Lord Abbett GrowthPairCorr
  0.79LGOVX Lord Abbett GrowthPairCorr
  0.79LGOSX Lord Abbett GrowthPairCorr
  0.79LGOTX Lord Abbett GrowthPairCorr
  0.61LGRUX Lord Abbett InvestmentPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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