Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Small
LRSOX Fund  USD 24.77  0.44  1.81%   
The current 90-days correlation between Lord Abbett Small and Gabelli Gold Fund is 0.07 (i.e., Significant 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

Very poor diversification

The correlation between Lord Abbett Small and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Small 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 Small. 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 persons.

Moving together with Lord Mutual Fund

  1.0LFSFX Lord Abbett FocusedPairCorr
  0.65LFRAX Floating RatePairCorr
  0.63LFRFX Floating RatePairCorr
  0.62LFRIX Floating RatePairCorr
  0.63LFRRX Lord Abbett InvPairCorr
  0.64LFROX Lord Abbett FloatingPairCorr
  1.0LFVAX Lord Abbett FocusedPairCorr
  1.0LFVCX Lord Abbett FocusedPairCorr
  0.75LGCAX Lord Abbett GlobalPairCorr
  0.75LGCFX Lord Abbett GlobalPairCorr
  0.75LGCCX Lord Abbett GlobalPairCorr
  0.75LGCRX Lord Abbett GlobalPairCorr
  0.76LGCOX Lord Abbett GlobalPairCorr
  0.76LGCVX Lord Abbett GlobalPairCorr
  0.76LGCYX Lord Abbett GlobalPairCorr
  0.76LGCWX Lord Abbett GlobalPairCorr
  0.87LGLCX Lord Abbett GrowthPairCorr
  0.87LGLAX Lord Abbett GrowthPairCorr
  0.87LGLFX Lord Abbett GrowthPairCorr
  0.87LGLIX Lord Abbett GrowthPairCorr
  0.87LGLOX Lord Abbett GrowthPairCorr
  0.87LGLSX L Abbett GrowthPairCorr
  0.87LGLQX Lord Abbett GrowthPairCorr
  0.87LGLUX L Abbett GrowthPairCorr
  0.87LGLVX L Abbett GrowthPairCorr
  0.87LGOFX Lord Abbett GrowthPairCorr
  0.87LGORX Lord Abbett GrowthPairCorr
  0.87LGOPX Lord Abbett GrowthPairCorr
  0.87LGOVX Lord Abbett GrowthPairCorr
  0.87LGOSX Lord Abbett GrowthPairCorr
  0.87LGOTX 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   
EKWDX
+ 0.99
GLDAX
AGGWX
+ 0.99
GLDAX
AGGWX
+ 0.99
EKWDX
AGGWX
+ 0.98
IOGYX
EKWDX
+ 0.97
IOGYX
IOGYX
+ 0.96
GLDAX
  
High negative correlations   
SPPIX
- 0.95
GLDAX
AGGWX
- 0.94
SPPIX
EKWDX
- 0.93
SPPIX
SPPIX
- 0.88
IOGYX

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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