Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Total
LTROX Fund  USD 8.82  0.01  0.11%   
The current 90-days correlation between Lord Abbett Total and Metropolitan West Total 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

Significant diversification

The correlation between Lord Abbett Total and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Total 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 Total. 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 persons.

Moving against Lord Mutual Fund

  0.83LFRFX Floating RatePairCorr
  0.83LFRIX Floating RatePairCorr
  0.83LFRRX Lord Abbett InvPairCorr
  0.83LFROX Lord Abbett FloatingPairCorr
  0.82LFRAX Floating RatePairCorr
  0.68LGLCX Lord Abbett GrowthPairCorr
  0.68LGLFX Lord Abbett GrowthPairCorr
  0.68LGLIX Lord Abbett GrowthPairCorr
  0.68LGLQX Lord Abbett GrowthPairCorr
  0.67LGLAX Lord Abbett GrowthPairCorr
  0.67LGLOX Lord Abbett GrowthPairCorr
  0.67LGLSX L Abbett GrowthPairCorr
  0.64LFSFX Lord Abbett FocusedPairCorr
  0.64LFVAX Lord Abbett FocusedPairCorr
  0.63LFVCX Lord Abbett FocusedPairCorr
  0.49LGCYX Lord Abbett GlobalPairCorr
  0.48LGCAX Lord Abbett GlobalPairCorr
  0.48LGCRX Lord Abbett GlobalPairCorr
  0.48LGCOX Lord Abbett GlobalPairCorr
  0.47LGCFX Lord Abbett GlobalPairCorr
  0.47LGCVX Lord Abbett GlobalPairCorr
  0.47LGCSX Lord Abbett GlobalPairCorr
  0.47LGCWX Lord Abbett GlobalPairCorr
  0.45LGCCX Lord Abbett GlobalPairCorr
  0.77LGRUX Lord Abbett InvestmentPairCorr
  0.68LGLRX Lord Abbett GrowthPairCorr
  0.68LGLUX L Abbett GrowthPairCorr
  0.68LGLVX L Abbett GrowthPairCorr
  0.68LGOFX Lord Abbett GrowthPairCorr
  0.68LGOQX Lord Abbett GrowthPairCorr
  0.68LGORX Lord Abbett GrowthPairCorr
  0.68LGOPX 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MWTNX  0.24 (0.04) 0.00  2.21  0.00 
 0.00 
 0.44 
(0.77)
 1.55 
MWTSX  0.26 (0.05) 0.00 (0.52) 0.00 
 0.00 
 0.47 
(0.70)
 1.66 
PTTPX  0.22 (0.03) 0.00  3.31  0.00 
 0.00 
 0.35 
(0.58)
 1.40 
PTRRX  0.22 (0.03) 0.00  3.31  0.00 
 0.00 
 0.35 
(0.58)
 1.40 
PTRAX  0.22 (0.03) 0.00  3.31  0.00 
 0.00 
 0.35 
(0.58)
 1.40 
PTTRX  0.23 (0.02) 0.00  5.09  0.00 
 0.00 
 0.35 
(0.58)
 1.41 
FIWGX  0.23 (0.02) 0.00  0.54  0.00 
 0.00 
 0.44 
(0.65)
 1.32 
DODIX  0.24 (0.03) 0.00  2.04  0.00 
 0.00 
 0.47 
(0.63)
 1.43 
MWTIX  0.24 (0.04) 0.00  2.09  0.00 
 0.00 
 0.33 
(0.77)
 1.56 
MWTRX  0.26 (0.04) 0.00  2.13  0.00 
 0.00 
 0.44 
(0.77)
 1.56 

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