Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Ultra
LUBAX Fund  USD 10.03  0.01  0.1%   
The current 90-days correlation between Lord Abbett Ultra and Pimco Short Term Fund is 0.4 (i.e., Very 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

Very good diversification

The correlation between Lord Abbett Ultra and DJI is -0.28 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Ultra 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 Ultra. 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 nation.

Moving together with Lord Mutual Fund

  0.64LFSFX Lord Abbett FocusedPairCorr
  0.95LFRAX Floating RatePairCorr
  0.96LFRFX Floating RatePairCorr
  0.96LFRIX Floating RatePairCorr
  0.96LFRRX Lord Abbett InvPairCorr
  0.96LFROX Lord Abbett FloatingPairCorr
  0.63LFVAX Lord Abbett FocusedPairCorr
  0.63LFVCX Lord Abbett FocusedPairCorr
  0.75HYMQX Lord Abbett ShortPairCorr
  0.65LGCAX Lord Abbett GlobalPairCorr
  0.66LGCFX Lord Abbett GlobalPairCorr
  0.64LGCCX Lord Abbett GlobalPairCorr
  0.65LGCRX Lord Abbett GlobalPairCorr
  0.66LGCOX Lord Abbett GlobalPairCorr
  0.66LGCVX Lord Abbett GlobalPairCorr
  0.65LGCSX Lord Abbett GlobalPairCorr
  0.66LGCYX Lord Abbett GlobalPairCorr
  0.66LGCWX Lord Abbett GlobalPairCorr
  0.83LGLCX Lord Abbett GrowthPairCorr
  0.83LGLAX Lord Abbett GrowthPairCorr
  0.83LGLFX Lord Abbett GrowthPairCorr
  0.83LGLIX Lord Abbett GrowthPairCorr
  0.83LGLOX Lord Abbett GrowthPairCorr
  0.83LGLSX L Abbett GrowthPairCorr
  0.83LGLQX Lord Abbett GrowthPairCorr
  0.83LGLRX Lord Abbett GrowthPairCorr
  0.83LGLUX L Abbett GrowthPairCorr
  0.83LGLVX L Abbett GrowthPairCorr
  0.84LGOFX Lord Abbett GrowthPairCorr
  0.84LGOQX Lord Abbett GrowthPairCorr
  0.84LGORX Lord Abbett GrowthPairCorr
  0.84LGOPX Lord Abbett GrowthPairCorr

Related Correlations Analysis

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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.

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