Lord Abbett Correlations

LRAGX Fund

USD 14.28 0.01 0.07%

The current 90-days correlation between Lord Abbett International and Biotechnology Ultrasector Profund is 0.43 (i.e., Very weak 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

Weak diversification

The correlation between Lord Abbett International and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett International 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 International. 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 price.

Moving together with Lord Mutual Fund

0.7	ELMFX	Lord Abbett Trust	Pair Corr
0.71	ELMCX	Lord Abbett Trust	Pair Corr
0.7	EMILX	Lord Abbett Emerging	Pair Corr

Moving against Lord Mutual Fund

0.68	LFRRX	Lord Abbett Inv	Pair Corr
0.67	LFRAX	Floating Rate	Pair Corr
0.66	LFRFX	Floating Rate	Pair Corr
0.66	LFRIX	Floating Rate	Pair Corr
0.66	LFROX	Lord Abbett Floating	Pair Corr
0.58	LFSFX	Lord Abbett Focused	Pair Corr
0.56	LFVAX	Lord Abbett Focused	Pair Corr
0.56	LFVCX	Lord Abbett Focused	Pair Corr
0.58	LGLCX	Lord Abbett Growth	Pair Corr
0.58	LGLAX	Lord Abbett Growth	Pair Corr
0.58	LGLFX	Lord Abbett Growth	Pair Corr
0.58	LGLIX	Lord Abbett Growth	Pair Corr
0.58	LGLOX	Lord Abbett Growth	Pair Corr
0.58	LGLSX	L Abbett Growth	Pair Corr
0.58	LGLQX	Lord Abbett Growth	Pair Corr
0.58	LGLRX	Lord Abbett Growth	Pair Corr
0.58	LGLUX	L Abbett Growth	Pair Corr
0.66	LGRUX	Lord Abbett Investment	Pair Corr
0.66	LGRYX	Lord Abbett Investment	Pair Corr
0.65	LGRFX	Lord Abbett Investment	Pair Corr
0.61	LGOFX	Lord Abbett Growth	Pair Corr
0.61	LGORX	Lord Abbett Growth	Pair Corr
0.61	LGOVX	Lord Abbett Growth	Pair Corr

Related Correlations Analysis

	BIPIX	HTECX	USTCX	ROGSX	PGKCX	BSTSX	TOWTX
BIPIX		-0.02	-0.21	-0.1	-0.29	-0.21	-0.06	BIPIX
HTECX	-0.02		0.92	0.83	0.9	0.9	0.54	HTECX
USTCX	-0.21	0.92		0.85	0.96	0.93	0.48	USTCX
ROGSX	-0.1	0.83	0.85		0.91	0.85	0.76	ROGSX
PGKCX	-0.29	0.9	0.96	0.91		0.96	0.61	PGKCX
BSTSX	-0.21	0.9	0.93	0.85	0.96		0.56	BSTSX
TOWTX	-0.06	0.54	0.48	0.76	0.61	0.56		TOWTX
	BIPIX	HTECX	USTCX	ROGSX	PGKCX	BSTSX	TOWTX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

PGKCX	+ 0.96	USTCX
BSTSX	+ 0.96	PGKCX
BSTSX	+ 0.93	USTCX
USTCX	+ 0.92	HTECX
PGKCX	+ 0.91	ROGSX
PGKCX	+ 0.9	HTECX

High negative correlations

PGKCX	- 0.29	BIPIX
BSTSX	- 0.21	BIPIX
USTCX	- 0.21	BIPIX
ROGSX	- 0.1	BIPIX
TOWTX	- 0.06	BIPIX
HTECX	- 0.02	BIPIX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BIPIX	1.60	(0.31)	0.00	(0.08)	0.00	0.00	3.10	(4.30)	11.89
HTECX	0.94	(0.02)	0.01	0.08	1.36	(0.90)	1.78	(2.15)	9.04
USTCX	0.89	0.13	0.10	0.22	0.96	(0.92)	2.13	(1.81)	6.28
ROGSX	0.77	0.03	0.02	0.13	0.95	(0.80)	1.70	(1.41)	5.59
PGKCX	0.94	0.12	0.08	0.22	1.12	(0.96)	2.27	(2.10)	6.23
BSTSX	0.96	0.04	0.02	0.13	1.56	(0.95)	2.16	(2.31)	8.70
TOWTX	0.60	(0.01)	(0.03)	0.08	0.99	(0.63)	1.27	(1.17)	6.26

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC