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.
  
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 bureau of economic analysis.

Moving together with Lord Mutual Fund

  0.92LFSFX Lord Abbett FocusedPairCorr
  0.82LFRAX Floating RatePairCorr
  0.81LFRFX Floating RatePairCorr
  0.8LFRIX Floating RatePairCorr
  0.81LFRRX Lord Abbett InvPairCorr
  0.82LFROX Lord Abbett FloatingPairCorr
  0.91LFVAX Lord Abbett FocusedPairCorr
  0.91LFVCX Lord Abbett FocusedPairCorr
  0.88LGCAX Lord Abbett GlobalPairCorr
  0.88LGCFX Lord Abbett GlobalPairCorr
  0.87LGCCX Lord Abbett GlobalPairCorr
  0.87LGCRX Lord Abbett GlobalPairCorr
  0.88LGCOX Lord Abbett GlobalPairCorr
  0.88LGCVX Lord Abbett GlobalPairCorr
  0.88LGCSX Lord Abbett GlobalPairCorr
  0.88LGCYX Lord Abbett GlobalPairCorr
  0.88LGCWX Lord Abbett GlobalPairCorr
  0.95LGLCX Lord Abbett GrowthPairCorr
  0.94LGLAX Lord Abbett GrowthPairCorr
  0.94LGLFX Lord Abbett GrowthPairCorr
  0.94LGLIX Lord Abbett GrowthPairCorr
  0.94LGLOX Lord Abbett GrowthPairCorr
  0.94LGLSX L Abbett GrowthPairCorr
  0.95LGLQX Lord Abbett GrowthPairCorr
  0.95LGLRX Lord Abbett GrowthPairCorr
  0.94LGLUX L Abbett GrowthPairCorr
  0.94LGLVX L Abbett GrowthPairCorr
  0.96LGOFX Lord Abbett GrowthPairCorr
  0.96LGOQX Lord Abbett GrowthPairCorr
  0.96LGORX Lord Abbett GrowthPairCorr
  0.96LGOPX Lord Abbett GrowthPairCorr

Related Correlations Analysis

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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   
JAGIXJSVAX
OAKBXJSVAX
JORNXJAGIX
OAKBXJAGIX
JORNXJSVAX
OAKBXJORNX
  
High negative correlations   
OAKBXJAOSX
JAOSXJSVAX
JAGIXJAOSX

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.