Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Mid
LMCSX Fund  USD 34.73  0.02  0.06%   
The current 90-days correlation between Lord Abbett Mid and Vanguard Target Retirement is 0.73 (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

Almost no diversification

The correlation between Lord Abbett Mid and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Mid 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 Mid. 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 child.

Moving together with Lord Mutual Fund

  0.76ELMFX Lord Abbett TrustPairCorr
  0.75ELMCX Lord Abbett TrustPairCorr
  0.95LFSFX Lord Abbett FocusedPairCorr
  0.9LFRAX Floating RatePairCorr
  0.89LFRFX Floating RatePairCorr
  0.9LFRIX Floating RatePairCorr
  0.89LFRRX Lord Abbett InvPairCorr
  0.9LFROX Lord Abbett FloatingPairCorr
  0.95LFVCX Lord Abbett FocusedPairCorr
  0.83LGCFX Lord Abbett GlobalPairCorr
  0.82LGCCX Lord Abbett GlobalPairCorr
  0.84LGCVX Lord Abbett GlobalPairCorr
  0.78LGOFX Lord Abbett GrowthPairCorr
  0.82LGOQX Lord Abbett GrowthPairCorr
  0.81LGORX Lord Abbett GrowthPairCorr
  0.81LGOPX Lord Abbett GrowthPairCorr
  0.75LGOVX Lord Abbett GrowthPairCorr
  0.89LGRAX Lord Abbett InvestmentPairCorr
  0.93LHYOX Lord Abbett HighPairCorr
  0.93LHYVX Lord Abbett HighPairCorr
  0.93LHYTX Lord Abbett HighPairCorr
  0.72LIAGX Lord Abbett InternationalPairCorr
  0.94LICAX Lord Abbett InternationalPairCorr
  0.94LICQX Lord Abbett InternationalPairCorr
  0.94LICRX Lord Abbett InternationalPairCorr
  0.96LIDAX Lord Abbett InternationalPairCorr
  0.96LIDRX Lord Abbett InternationalPairCorr
  0.94LIGFX Lord Abbett DiversifiedPairCorr
  0.93LIGQX Lord Abbett DiversifiedPairCorr
  0.79LIFAX Lord Abbett InflationPairCorr
  0.72LIFRX Lord Abbett InflationPairCorr
  0.79LIFVX Lord Abbett InflationPairCorr
  0.75LINJX Lord Abbett NewPairCorr
  0.87LINPX Lord Abbett InternationalPairCorr
  0.87LINVX L 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.

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