Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Focused
LFSFX Fund  USD 30.11  0.23  0.77%   
The current 90-days correlation between Lord Abbett Focused and Us Vector Equity is 0.63 (i.e., Poor 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

Poor diversification

The correlation between Lord Abbett Focused and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Focused 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 Focused. 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 census.

Moving together with Lord Mutual Fund

  0.7LFRAX Floating RatePairCorr
  0.77LFRFX Floating RatePairCorr
  0.75LFRIX Floating RatePairCorr
  0.74LFRRX Lord Abbett InvPairCorr
  0.75LFROX Lord Abbett FloatingPairCorr
  0.93LFVAX Lord Abbett FocusedPairCorr
  1.0LFVCX Lord Abbett FocusedPairCorr
  0.7HYMQX Lord Abbett ShortPairCorr
  0.72LGCFX Lord Abbett GlobalPairCorr
  0.71LGCCX Lord Abbett GlobalPairCorr
  0.68LGCRX Lord Abbett GlobalPairCorr
  0.73LGCOX Lord Abbett GlobalPairCorr
  0.73LGCVX Lord Abbett GlobalPairCorr
  0.69LGCYX Lord Abbett GlobalPairCorr
  0.73LGCWX Lord Abbett GlobalPairCorr

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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