Lord Abbett Correlations

LTFOX Fund

USD 20.91 0.12 0.58%

The current 90-days correlation between Lord Abbett Affiliated and Vanguard Strategic Small Cap is 0.91 (i.e., Almost no 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 Affiliated and DJI is 0.94 (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 Affiliated 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 Affiliated. 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

0.88	LFSFX	Lord Abbett Focused	Pair Corr
0.88	LFRAX	Floating Rate	Pair Corr
0.88	LFRFX	Floating Rate	Pair Corr
0.87	LFRIX	Floating Rate	Pair Corr
0.87	LFRRX	Lord Abbett Inv	Pair Corr
0.88	LFROX	Lord Abbett Floating	Pair Corr
0.88	LFVAX	Lord Abbett Focused	Pair Corr
0.87	LGCAX	Lord Abbett Global	Pair Corr
0.87	LGCFX	Lord Abbett Global	Pair Corr
0.86	LGCCX	Lord Abbett Global	Pair Corr
0.87	LGCOX	Lord Abbett Global	Pair Corr
0.87	LGCVX	Lord Abbett Global	Pair Corr
0.87	LGCYX	Lord Abbett Global	Pair Corr
0.97	LGLCX	Lord Abbett Growth	Pair Corr
0.97	LGLAX	Lord Abbett Growth	Pair Corr
0.97	LGLFX	Lord Abbett Growth	Pair Corr
0.97	LGLIX	Lord Abbett Growth	Pair Corr
0.97	LGLSX	L Abbett Growth	Pair Corr
0.97	LGLQX	Lord Abbett Growth	Pair Corr
0.97	LGLUX	L Abbett Growth	Pair Corr
0.97	LGLVX	L Abbett Growth	Pair Corr
0.97	LGOFX	Lord Abbett Growth	Pair Corr
0.97	LGORX	Lord Abbett Growth	Pair Corr
0.97	LGOPX	Lord Abbett Growth	Pair Corr
0.97	LGOVX	Lord Abbett Growth	Pair Corr
0.97	LGOSX	Lord Abbett Growth	Pair Corr
0.83	LGRUX	Lord Abbett Investment	Pair Corr

Moving against Lord Mutual Fund

0.71	LINFX	Lord Abbett International	Pair Corr
0.61	LIDFX	Lord Abbett International	Pair Corr
0.4	LICQX	Lord Abbett International	Pair Corr
0.39	LICYX	Lord Abbett International	Pair Corr

Related Correlations Analysis

	VSTCX	LMUSX	AUERX	OPTCX	IPSAX	LANIX	LIGFX
VSTCX		0.96	0.7	0.94	0.93	0.93	0.82	VSTCX
LMUSX	0.96		0.71	0.97	0.99	0.98	0.83	LMUSX
AUERX	0.7	0.71		0.65	0.76	0.79	0.81	AUERX
OPTCX	0.94	0.97	0.65		0.95	0.95	0.84	OPTCX
IPSAX	0.93	0.99	0.76	0.95		0.99	0.86	IPSAX
LANIX	0.93	0.98	0.79	0.95	0.99		0.89	LANIX
LIGFX	0.82	0.83	0.81	0.84	0.86	0.89		LIGFX
	VSTCX	LMUSX	AUERX	OPTCX	IPSAX	LANIX	LIGFX

Click cells to compare fundamentals

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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
VSTCX	0.89	0.01	0.06	0.13	0.81	(0.99)	2.14	(1.52)	6.89
LMUSX	0.62	0.03	0.02	0.15	0.72	(0.71)	1.52	(1.49)	4.15
AUERX	0.76	(0.06)	(0.05)	0.06	0.89	(0.83)	1.90	(1.45)	5.60
OPTCX	0.16	0.02	(0.40)	0.22	0.00	(0.24)	0.41	(0.21)	1.07
IPSAX	0.39	(0.01)	(0.12)	0.10	0.43	(0.44)	0.75	(0.74)	2.42
LANIX	0.51	(0.02)	(0.07)	0.09	0.55	(0.56)	1.22	(0.87)	3.14
LIGFX	0.25	(0.01)	(0.30)	0.09	0.20	(0.29)	0.62	(0.50)	1.31

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