Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Affiliated
LAFFX Fund  USD 20.42  0.07  0.34%   
The current 90-days correlation between Lord Abbett Affiliated and Oklahoma College Savings is 0.15 (i.e., Average 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 Affiliated and DJI is 0.82 (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 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 price.

Moving together with Lord Mutual Fund

  0.94ELMFX Lord Abbett TrustPairCorr
  0.93ELMCX Lord Abbett TrustPairCorr
  0.86LFSFX Lord Abbett FocusedPairCorr
  0.9LFRAX Floating RatePairCorr
  0.91LFRFX Floating RatePairCorr
  0.91LFRIX Floating RatePairCorr
  0.9LFRRX Lord Abbett InvPairCorr
  0.9LFROX Lord Abbett FloatingPairCorr
  0.86LFVAX Lord Abbett FocusedPairCorr
  0.86LFVCX Lord Abbett FocusedPairCorr
  0.64HYMQX Lord Abbett ShortPairCorr
  0.96LGCAX Lord Abbett GlobalPairCorr
  0.98LGCFX Lord Abbett GlobalPairCorr
  0.96LGCCX Lord Abbett GlobalPairCorr
  0.96LGCRX Lord Abbett GlobalPairCorr
  0.96LGCOX Lord Abbett GlobalPairCorr
  0.96LGCVX Lord Abbett GlobalPairCorr
  0.98LGCSX Lord Abbett GlobalPairCorr
  0.98LGCYX Lord Abbett GlobalPairCorr
  0.98LGCWX Lord Abbett GlobalPairCorr
  0.95LGLCX Lord Abbett GrowthPairCorr
  0.94LGLAX Lord Abbett GrowthPairCorr
  0.95LGLFX Lord Abbett GrowthPairCorr
  0.95LGLIX Lord Abbett GrowthPairCorr
  0.94LGLOX Lord Abbett GrowthPairCorr
  0.95LGLSX L Abbett GrowthPairCorr
  0.95LGLQX Lord Abbett GrowthPairCorr
  0.95LGLRX Lord Abbett GrowthPairCorr
  0.95LGLUX L Abbett GrowthPairCorr
  0.94LGLVX L Abbett GrowthPairCorr
  0.94EMILX Lord Abbett EmergingPairCorr
  0.93LGOFX Lord Abbett GrowthPairCorr
  0.93LGOQX Lord Abbett GrowthPairCorr
  0.93LGORX Lord Abbett GrowthPairCorr
  0.93LGOPX Lord Abbett GrowthPairCorr

Moving against Lord Mutual Fund

  0.56HYMAX Lord Abbett HighPairCorr
  0.53HYMCX Lord Abbett HighPairCorr
  0.47HYMOX Lord Abbett HighPairCorr
  0.47HYMFX Lord Abbett HighPairCorr
  0.47HYMIX Lord Abbett HighPairCorr

Related Correlations Analysis


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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