Lord Abbett Correlations

LSYIX Fund

USD 9.86 0.02 0.20%

The current 90-days correlation between Lord Abbett Short and Morningstar Aggressive Growth is 0.36 (i.e., Weak 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

Modest diversification

The correlation between Lord Abbett Short and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Short 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 Short. 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 gross domestic product.

Moving together with Lord Mutual Fund

0.77	LFSFX	Lord Abbett Focused	Pair Corr
0.82	LIGFX	Lord Abbett Diversified	Pair Corr
0.74	LOISX	Lord Abbett Intermediate	Pair Corr
0.81	LBDFX	Lord Abbett Bond	Pair Corr
0.79	LSYFX	Lord Abbett Short	Pair Corr
0.95	LSYNX	Lord Abbett Short	Pair Corr
0.64	LTFOX	Lord Abbett Affiliated	Pair Corr
0.7	VWEAX	Vanguard High Yield	Pair Corr
0.7	VWEHX	Vanguard High Yield	Pair Corr
0.87	BHYCX	Blackrock Hi Yld	Pair Corr
0.96	BHYIX	Blackrock High Yield	Pair Corr
0.84	BHYSX	Blackrock Hi Yld	Pair Corr
0.82	BHYAX	Blackrock High Yield	Pair Corr
0.65	FAHHX	American Funds American	Pair Corr
0.65	FTAHX	American Funds American	Pair Corr
0.66	AHTFX	American High Income	Pair Corr
0.66	AHTCX	American High Income	Pair Corr
0.86	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr

Moving against Lord Mutual Fund

0.57	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.31	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Related Correlations Analysis

	AGTFX	CVGRX	NEAIX	FGTZX	TRBCX	MPGFX
AGTFX		0.6	0.48	0.89	0.3	0.94	AGTFX
CVGRX	0.6		0.71	0.82	0.69	0.63	CVGRX
NEAIX	0.48	0.71		0.66	0.73	0.43	NEAIX
FGTZX	0.89	0.82	0.66		0.57	0.86	FGTZX
TRBCX	0.3	0.69	0.73	0.57		0.29	TRBCX
MPGFX	0.94	0.63	0.43	0.86	0.29		MPGFX
	AGTFX	CVGRX	NEAIX	FGTZX	TRBCX	MPGFX

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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
AGTFX	0.50	(0.05)	0.00	(0.27)	0.00	0.00	0.88	(0.90)	4.38
CVGRX	0.90	0.02	0.00	0.13	1.64	(0.79)	1.62	(2.15)	8.00
NEAIX	1.07	0.07	0.05	0.38	1.17	(1.19)	2.19	(1.59)	8.12
FGTZX	0.46	(0.04)	0.00	(0.21)	0.00	0.00	0.89	(0.96)	3.53
TRBCX	0.77	0.09	0.06	0.58	1.06	(0.75)	1.57	(1.89)	5.70
MPGFX	0.62	(0.04)	0.00	(0.12)	0.00	0.00	1.15	(1.31)	6.44

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