Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Focused
LFVCX Fund  USD 30.47  0.03  0.1%   
The current 90-days correlation between Lord Abbett Focused and Lord Abbett Trust is 0.25 (i.e., Modest 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 0.69 (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 main economic indicators.

Moving together with Lord Mutual Fund

  1.0LFSFX Lord Abbett FocusedPairCorr
  0.71LFRAX Floating RatePairCorr
  0.69LFRFX Floating RatePairCorr
  0.68LFRIX Floating RatePairCorr
  0.7LFRRX Lord Abbett InvPairCorr
  0.7LFROX Lord Abbett FloatingPairCorr
  1.0LFVAX Lord Abbett FocusedPairCorr
  0.76LGCAX Lord Abbett GlobalPairCorr
  0.76LGCFX Lord Abbett GlobalPairCorr
  0.75LGCCX Lord Abbett GlobalPairCorr
  0.76LGCRX Lord Abbett GlobalPairCorr
  0.76LGCOX Lord Abbett GlobalPairCorr
  0.76LGCVX Lord Abbett GlobalPairCorr
  0.76LGCSX Lord Abbett GlobalPairCorr
  0.76LGCYX Lord Abbett GlobalPairCorr
  0.76LGCWX Lord Abbett GlobalPairCorr
  0.85LGLCX Lord Abbett GrowthPairCorr
  0.85LGLAX Lord Abbett GrowthPairCorr
  0.85LGLFX Lord Abbett GrowthPairCorr
  0.85LGLIX Lord Abbett GrowthPairCorr
  0.85LGLOX Lord Abbett GrowthPairCorr
  0.85LGLSX L Abbett GrowthPairCorr
  0.85LGLQX Lord Abbett GrowthPairCorr
  0.85LGLRX Lord Abbett GrowthPairCorr
  0.85LGLUX L Abbett GrowthPairCorr
  0.85LGLVX L Abbett GrowthPairCorr
  0.86LGOFX Lord Abbett GrowthPairCorr
  0.86LGOQX Lord Abbett GrowthPairCorr
  0.86LGORX Lord Abbett GrowthPairCorr
  0.86LGOPX Lord Abbett GrowthPairCorr
  0.86LGOVX Lord Abbett GrowthPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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