Lord Abbett Correlations

Mutual Funds USA . 
Fund . Lord Abbett Short
LSYNX Fund  USD 9.82  0.03  0.31%   
The current 90-days correlation between Lord Abbett Short and Blackrock Diversified Fixed is 0.04 (i.e., Significant 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

Good diversification

The correlation between Lord Abbett Short and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Short 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 Short. 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 state.

Moving together with Lord Mutual Fund

  0.85ELMFX Lord Abbett TrustPairCorr
  0.85ELMCX Lord Abbett TrustPairCorr
  0.85LFRAX Floating RatePairCorr
  0.82LFRFX Floating RatePairCorr
  0.82LFRIX Floating RatePairCorr
  0.86LFRRX Lord Abbett InvPairCorr
  0.87LFROX Lord Abbett FloatingPairCorr
  0.92HYMOX Lord Abbett HighPairCorr
  0.93HYMQX Lord Abbett ShortPairCorr
  0.91HYMAX Lord Abbett HighPairCorr
  0.91HYMCX Lord Abbett HighPairCorr
  0.92HYMFX Lord Abbett HighPairCorr
  0.92HYMIX Lord Abbett HighPairCorr
  0.69LGCAX Lord Abbett GlobalPairCorr
  0.66LGCFX Lord Abbett GlobalPairCorr
  0.68LGCCX Lord Abbett GlobalPairCorr
  0.65LGCRX Lord Abbett GlobalPairCorr
  0.67LGCOX Lord Abbett GlobalPairCorr
  0.66LGCVX Lord Abbett GlobalPairCorr
  0.66LGCSX Lord Abbett GlobalPairCorr
  0.66LGCYX Lord Abbett GlobalPairCorr
  0.67LGCWX Lord Abbett GlobalPairCorr
  0.78LGLCX Lord Abbett GrowthPairCorr
  0.79LGLAX Lord Abbett GrowthPairCorr
  0.78LGLFX Lord Abbett GrowthPairCorr
  0.78LGLIX Lord Abbett GrowthPairCorr
  0.79LGLOX Lord Abbett GrowthPairCorr
  0.78LGLSX L Abbett GrowthPairCorr
  0.78LGLRX Lord Abbett GrowthPairCorr
  0.78LGLUX L Abbett GrowthPairCorr
  0.78LGLVX L Abbett GrowthPairCorr
  0.85EMILX Lord Abbett EmergingPairCorr
  0.77LGOFX Lord Abbett GrowthPairCorr
  0.76LGOQX Lord Abbett GrowthPairCorr
  0.76LGORX Lord Abbett GrowthPairCorr
  0.76LGOPX Lord Abbett GrowthPairCorr
  0.77LGOVX Lord Abbett GrowthPairCorr

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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