Lord Abbett Correlations
LOVLX Fund | USD 39.49 0.10 0.25% |
The current 90-days correlation between Lord Abbett Mid and Janus Trarian Fund is 0.86 (i.e., Very 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 0.9 (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.
Lord |
Moving together with Lord Mutual Fund
0.92 | LFSFX | Lord Abbett Focused | PairCorr |
0.82 | LFRAX | Floating Rate | PairCorr |
0.81 | LFRFX | Floating Rate | PairCorr |
0.8 | LFRIX | Floating Rate | PairCorr |
0.81 | LFRRX | Lord Abbett Inv | PairCorr |
0.82 | LFROX | Lord Abbett Floating | PairCorr |
0.91 | LFVAX | Lord Abbett Focused | PairCorr |
0.91 | LFVCX | Lord Abbett Focused | PairCorr |
0.88 | LGCAX | Lord Abbett Global | PairCorr |
0.88 | LGCFX | Lord Abbett Global | PairCorr |
0.87 | LGCCX | Lord Abbett Global | PairCorr |
0.87 | LGCRX | Lord Abbett Global | PairCorr |
0.88 | LGCOX | Lord Abbett Global | PairCorr |
0.88 | LGCVX | Lord Abbett Global | PairCorr |
0.88 | LGCSX | Lord Abbett Global | PairCorr |
0.88 | LGCYX | Lord Abbett Global | PairCorr |
0.88 | LGCWX | Lord Abbett Global | PairCorr |
0.95 | LGLCX | Lord Abbett Growth | PairCorr |
0.94 | LGLAX | Lord Abbett Growth | PairCorr |
0.94 | LGLFX | Lord Abbett Growth | PairCorr |
0.94 | LGLIX | Lord Abbett Growth | PairCorr |
0.94 | LGLOX | Lord Abbett Growth | PairCorr |
0.94 | LGLSX | L Abbett Growth | PairCorr |
0.95 | LGLQX | Lord Abbett Growth | PairCorr |
0.95 | LGLRX | Lord Abbett Growth | PairCorr |
0.94 | LGLUX | L Abbett Growth | PairCorr |
0.94 | LGLVX | L Abbett Growth | PairCorr |
0.96 | LGOFX | Lord Abbett Growth | PairCorr |
0.96 | LGOQX | Lord Abbett Growth | PairCorr |
0.96 | LGORX | Lord Abbett Growth | PairCorr |
0.96 | LGOPX | Lord Abbett Growth | PairCorr |
Related Correlations Analysis
-0.39 | 0.96 | 0.84 | 0.93 | JSVAX | ||
-0.39 | -0.26 | 0.14 | -0.5 | JAOSX | ||
0.96 | -0.26 | 0.9 | 0.89 | JAGIX | ||
0.84 | 0.14 | 0.9 | 0.72 | JORNX | ||
0.93 | -0.5 | 0.89 | 0.72 | OAKBX | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
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JSVAX | 0.75 | 0.01 | 0.02 | 0.13 | 0.80 | 1.49 | 5.70 | |||
JAOSX | 0.70 | (0.17) | 0.00 | (0.18) | 0.00 | 1.19 | 4.27 | |||
JAGIX | 0.56 | (0.03) | (0.06) | 0.08 | 0.66 | 1.02 | 3.34 | |||
JORNX | 0.60 | (0.06) | (0.10) | 0.04 | 0.80 | 1.09 | 3.53 | |||
OAKBX | 0.38 | 0.00 | (0.10) | 0.12 | 0.33 | 0.74 | 2.84 |