Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Convertible
LCFYX Fund  USD 16.16  0.05  0.31%   
The current 90-days correlation between Lord Abbett Convertible and Lord Abbett Trust is 0.59 (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 weak diversification

The correlation between Lord Abbett Convertible and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Convertible 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 Convertible. 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 services.

Moving together with Lord Mutual Fund

  0.94ELMFX Lord Abbett TrustPairCorr
  0.94ELMCX Lord Abbett TrustPairCorr
  0.92LFSFX Lord Abbett FocusedPairCorr
  0.94LFRAX Floating RatePairCorr
  0.94LFRFX Floating RatePairCorr
  0.94LFRIX Floating RatePairCorr
  0.94LFRRX Lord Abbett InvPairCorr
  0.94LFROX Lord Abbett FloatingPairCorr
  0.92LFVAX Lord Abbett FocusedPairCorr
  0.91LFVCX Lord Abbett FocusedPairCorr
  0.91LGCAX Lord Abbett GlobalPairCorr
  0.91LGCFX Lord Abbett GlobalPairCorr
  0.91LGCCX Lord Abbett GlobalPairCorr
  0.91LGCRX Lord Abbett GlobalPairCorr
  0.91LGCOX Lord Abbett GlobalPairCorr
  0.91LGCVX Lord Abbett GlobalPairCorr
  0.91LGCSX Lord Abbett GlobalPairCorr
  0.91LGCYX Lord Abbett GlobalPairCorr
  0.91LGCWX Lord Abbett GlobalPairCorr
  0.93LGLCX Lord Abbett GrowthPairCorr
  0.93LGLAX Lord Abbett GrowthPairCorr
  0.93LGLFX Lord Abbett GrowthPairCorr
  0.93LGLIX Lord Abbett GrowthPairCorr
  0.93LGLOX Lord Abbett GrowthPairCorr
  0.93LGLSX L Abbett GrowthPairCorr
  0.93LGLQX Lord Abbett GrowthPairCorr
  0.93LGLRX Lord Abbett GrowthPairCorr
  0.93LGLUX L Abbett GrowthPairCorr
  0.93LGLVX L Abbett GrowthPairCorr
  0.94EMILX Lord Abbett EmergingPairCorr
  0.88LGOFX Lord Abbett GrowthPairCorr
  0.88LGOQX Lord Abbett GrowthPairCorr
  0.88LGORX Lord Abbett GrowthPairCorr
  0.88LGOPX Lord Abbett GrowthPairCorr

Moving against Lord Mutual Fund

  0.72HYMCX Lord Abbett HighPairCorr
  0.7HYMAX Lord Abbett HighPairCorr
  0.68HYMOX Lord Abbett HighPairCorr
  0.67HYMFX Lord Abbett HighPairCorr
  0.66HYMIX 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ELMFX  0.57  0.04  0.00  0.17  0.46 
(0.67)
 1.47 
(1.16)
 4.15 
ELMCX  0.57  0.03 (0.01) 0.16  0.45 
(0.66)
 1.44 
(1.17)
 4.16 
LFSFX  0.86  0.02  0.06  0.13  0.86 
(0.92)
 2.01 
(1.44)
 4.59 
LFRAX  0.07  0.02 (0.67) 0.66  0.00 
(0.23)
 0.13 
(0.12)
 0.76 
LFRFX  0.07  0.02  0.00  0.73  0.00 
 0.00 
 0.13 
 0.00 
 0.88 
LFRIX  0.07  0.02  0.00  3.58  0.00 
 0.00 
 0.13 
(0.12)
 0.76 
LFRRX  0.07  0.02  0.00  1.07  0.00 
 0.00 
 0.13 
(0.12)
 0.75 
LFROX  0.08  0.02 (0.64) 1.07  0.00 
(0.25)
 0.13 
(0.12)
 0.76 
LFVAX  0.86  0.02  0.06  0.13  0.85 
(0.92)
 1.98 
(1.45)
 4.58 
LFVCX  0.86  0.02  0.06  0.12  0.87 
(0.92)
 2.01 
(1.45)
 4.60 

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