Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Growth
LGOTX Fund  USD 32.89  0.03  0.09%   
The current 90-days correlation between Lord Abbett Growth and Small Pany Growth is 0.67 (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 Growth and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Growth 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 Growth. 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 estimate.

Moving together with Lord Mutual Fund

  0.75LFSFX Lord Abbett FocusedPairCorr
  0.89LFRAX Floating RatePairCorr
  0.88LFRFX Floating RatePairCorr
  0.88LFRIX Floating RatePairCorr
  0.9LFRRX Lord Abbett InvPairCorr
  0.89LFROX Lord Abbett FloatingPairCorr
  0.69LFVAX Lord Abbett FocusedPairCorr
  0.71LFVCX Lord Abbett FocusedPairCorr
  0.82LGCAX Lord Abbett GlobalPairCorr
  0.82LGCFX Lord Abbett GlobalPairCorr
  0.81LGCCX Lord Abbett GlobalPairCorr
  0.82LGCRX Lord Abbett GlobalPairCorr
  0.83LGCOX Lord Abbett GlobalPairCorr
  0.83LGCVX Lord Abbett GlobalPairCorr
  0.82LGCSX Lord Abbett GlobalPairCorr
  0.83LGCYX Lord Abbett GlobalPairCorr
  0.83LGCWX Lord Abbett GlobalPairCorr
  0.99LGLCX Lord Abbett GrowthPairCorr
  0.99LGLAX Lord Abbett GrowthPairCorr
  0.99LGLFX Lord Abbett GrowthPairCorr
  0.99LGLIX Lord Abbett GrowthPairCorr
  0.99LGLOX Lord Abbett GrowthPairCorr
  0.99LGLSX L Abbett GrowthPairCorr
  0.99LGLQX Lord Abbett GrowthPairCorr
  0.99LGLRX Lord Abbett GrowthPairCorr
  0.99LGLUX L Abbett GrowthPairCorr
  0.99LGLVX L Abbett GrowthPairCorr
  1.0LGOFX Lord Abbett GrowthPairCorr
  1.0LGOQX Lord Abbett GrowthPairCorr
  1.0LGORX Lord Abbett GrowthPairCorr
  1.0LGOPX Lord Abbett GrowthPairCorr

Moving against Lord Mutual Fund

  0.42ELMCX Lord Abbett TrustPairCorr
  0.4ELMFX Lord Abbett TrustPairCorr
  0.73LIDAX Lord Abbett InternationalPairCorr
  0.73LIDFX Lord Abbett InternationalPairCorr
  0.72LICCX Lord Abbett InternationalPairCorr
  0.72LICQX Lord Abbett InternationalPairCorr
  0.4EMILX Lord Abbett EmergingPairCorr

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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