Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Core
LOPLX Fund  USD 12.96  0.04  0.31%   
The current 90-days correlation between Lord Abbett Core and American Century Etf 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 Core and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Core 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 Core. 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 bureau of economic analysis.

Moving together with Lord Mutual Fund

  0.99MWTNX Metropolitan West TotalPairCorr
  0.96MWTSX Metropolitan West TotalPairCorr
  0.99PTTPX Pimco Total ReturnPairCorr
  0.96PTRRX Total ReturnPairCorr
  0.99PTRAX Total ReturnPairCorr
  0.99PTTRX Total ReturnPairCorr
  0.99FIWGX Strategic AdvisersPairCorr
  0.99DODIX Dodge IncomePairCorr
  0.99MWTIX Metropolitan West TotalPairCorr
  0.99MWTRX Metropolitan West TotalPairCorr
  0.61PFE Pfizer Inc Aggressive PushPairCorr

Moving against Lord Mutual Fund

  0.74KNPYX Kinetics Paradigm Steady GrowthPairCorr
  0.72LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.72LSHCX Horizon Spin Off Steady GrowthPairCorr
  0.72WWNPX Kinetics Paradigm Steady GrowthPairCorr
  0.72LSHEX Kinetics Spin Off Steady GrowthPairCorr
  0.72KNPCX Kinetics Paradigm Steady GrowthPairCorr
  0.72LSHAX Horizon Spin Off Steady GrowthPairCorr
  0.58SPMPX Invesco Steelpath MlpPairCorr
  0.58SPMJX Invesco Steelpath MlpPairCorr
  0.58OSPPX Oppenheimer Steelpath MlpPairCorr
  0.8CSCO Cisco Systems Sell-off TrendPairCorr
  0.73JPM JPMorgan Chase Sell-off TrendPairCorr
  0.72BAC Bank of America Aggressive PushPairCorr
  0.72CVX Chevron Corp Sell-off TrendPairCorr
  0.71AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.7HPQ HP IncPairCorr
  0.66TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.64CII Blackrock EnhancedPairCorr
  0.59AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.58INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.55WMT Walmart Aggressive PushPairCorr
  0.54CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.51T ATT Inc Fiscal Year End 22nd of January 2025 PairCorr
  0.44HD Home DepotPairCorr

Related Correlations Analysis

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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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