L Abbett Growth Fund Market Value
| LGLVX Fund | USD 50.79 0.05 0.1% |
| Symbol | LGLVX |
L Abbett 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to L Abbett's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of L Abbett.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in L Abbett on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding L Abbett Growth or generate 0.0% return on investment in L Abbett over 720 days. L Abbett is related to or competes with Aqr Large, Tax-managed, Siit Large, Quantitative, Aqr Large, and Morningstar Unconstrained. The fund invests in equity securities of U.S More
L Abbett Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure L Abbett's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess L Abbett Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.56 | |||
| Information Ratio | 0.0926 | |||
| Maximum Drawdown | 5.61 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 2.64 |
L Abbett Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for L Abbett's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as L Abbett's standard deviation. In reality, there are many statistical measures that can use L Abbett historical prices to predict the future L Abbett's volatility.| Risk Adjusted Performance | 0.1505 | |||
| Jensen Alpha | 0.2363 | |||
| Total Risk Alpha | 0.0343 | |||
| Sortino Ratio | 0.0794 | |||
| Treynor Ratio | 3.68 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of L Abbett's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
L Abbett Growth Backtested Returns
L Abbett appears to be very steady, given 3 months investment horizon. L Abbett Growth retains Efficiency (Sharpe Ratio) of 0.21, which conveys that the fund had a 0.21% return per unit of return volatility over the last 3 months. We have found twenty-eight technical indicators for L Abbett, which you can use to evaluate the volatility of the entity. Please exercise L Abbett's Downside Deviation of 1.56, mean deviation of 0.9351, and Market Risk Adjusted Performance of 3.69 to check out if our risk estimates are consistent with your expectations. The entity owns a Beta (Systematic Risk) of 0.0664, which conveys not very significant fluctuations relative to the market. As returns on the market increase, L Abbett's returns are expected to increase less than the market. However, during the bear market, the loss of holding L Abbett is expected to be smaller as well.
Auto-correlation | 0.75 |
Good predictability
L Abbett Growth has good predictability. Overlapping area represents the amount of predictability between L Abbett time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of L Abbett Growth price movement. The serial correlation of 0.75 indicates that around 75.0% of current L Abbett price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 15.38 |
L Abbett Growth lagged returns against current returns
Autocorrelation, which is L Abbett mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting L Abbett's mutual fund expected returns. We can calculate the autocorrelation of L Abbett returns to help us make a trade decision. For example, suppose you find that L Abbett has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
L Abbett regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If L Abbett mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if L Abbett mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in L Abbett mutual fund over time.
Current vs Lagged Prices |
| Timeline |
L Abbett Lagged Returns
When evaluating L Abbett's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of L Abbett mutual fund have on its future price. L Abbett autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, L Abbett autocorrelation shows the relationship between L Abbett mutual fund current value and its past values and can show if there is a momentum factor associated with investing in L Abbett Growth.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in LGLVX Mutual Fund
L Abbett financial ratios help investors to determine whether LGLVX Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in LGLVX with respect to the benefits of owning L Abbett security.
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