Lord Abbett Correlations

EMWLX Fund  USD 15.81  0.02  0.13%   
The current 90-days correlation between Lord Abbett Trust and Lord Abbett Trust is -0.03 (i.e., Good 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

Average diversification

The correlation between Lord Abbett Trust and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Trust and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Lord Abbett Trust. 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 bureau of economic analysis.

Moving together with Lord Mutual Fund

  0.91ELMFX Lord Abbett TrustPairCorr
  0.91ELMCX Lord Abbett TrustPairCorr
  0.83EMILX Lord Abbett EmergingPairCorr

Moving against Lord Mutual Fund

  0.57LFRAX Floating RatePairCorr
  0.56LFRFX Floating RatePairCorr
  0.55LFRIX Floating RatePairCorr
  0.55LFROX Lord Abbett FloatingPairCorr
  0.54LFRRX Lord Abbett InvPairCorr
  0.71LGLFX Lord Abbett GrowthPairCorr
  0.71LGLIX Lord Abbett GrowthPairCorr
  0.71LGLRX Lord Abbett GrowthPairCorr
  0.71LGLUX L Abbett GrowthPairCorr
  0.7LGLCX Lord Abbett GrowthPairCorr
  0.7LGLAX Lord Abbett GrowthPairCorr
  0.7LGLOX Lord Abbett GrowthPairCorr
  0.7LGLSX L Abbett GrowthPairCorr
  0.7LGLQX Lord Abbett GrowthPairCorr
  0.75LGRYX Lord Abbett InvestmentPairCorr
  0.71LGLVX L Abbett GrowthPairCorr
  0.67LGOFX Lord Abbett GrowthPairCorr
  0.67LGOVX Lord Abbett GrowthPairCorr
  0.67LGOSX Lord Abbett GrowthPairCorr
  0.67LGOTX Lord Abbett GrowthPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
LFVAXLFSFX
LFVCXLFSFX
LFROXLFRAX
LFRIXLFRFX
LFVCXLFVAX
LFRFXLFRAX
  
High negative correlations   
LFRAXELMFX
LFROXELMFX
LFRFXELMFX
LFRRXELMFX
LFRIXELMFX
LFSFXELMFX

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.