Lord Abbett Correlations

Mutual Funds USA . 
Fund . Lord Abbett Vertible
LCFRX Fund  USD 13.13  0.02  0.15%   
The current 90-days correlation between Lord Abbett Vertible and Lord Abbett Trust is 0.1 (i.e., Average 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 Vertible and NYA 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 Vertible and NYA 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 Vertible. 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 metropolitan statistical area.

Moving together with Lord Mutual Fund

  0.7ELMFX Lord Abbett TrustPairCorr
  0.7ELMCX Lord Abbett TrustPairCorr
  0.78LFSFX Lord Abbett FocusedPairCorr
  0.77LFVAX Lord Abbett FocusedPairCorr
  0.77LFVCX Lord Abbett FocusedPairCorr
  0.61HYMFX Lord Abbett HighPairCorr
  0.61HYMIX Lord Abbett HighPairCorr
  0.84LGCAX Lord Abbett GlobalPairCorr
  0.84LGCFX Lord Abbett GlobalPairCorr
  0.93LGCCX Lord Abbett GlobalPairCorr
  0.93LGCRX Lord Abbett GlobalPairCorr
  0.93LGCOX Lord Abbett GlobalPairCorr
  0.93LGCVX Lord Abbett GlobalPairCorr
  0.83LGCSX Lord Abbett GlobalPairCorr
  0.93LGCYX Lord Abbett GlobalPairCorr
  0.93LGCWX Lord Abbett GlobalPairCorr
  0.83LGLCX Lord Abbett GrowthPairCorr
  0.79LGLAX Lord Abbett GrowthPairCorr
  0.84LGLFX Lord Abbett GrowthPairCorr
  0.79LGLIX Lord Abbett GrowthPairCorr
  0.72LGLOX Lord Abbett GrowthPairCorr
  0.84LGLSX L Abbett GrowthPairCorr
  0.83LGLQX Lord Abbett GrowthPairCorr
  0.83LGLRX Lord Abbett GrowthPairCorr
  0.84LGLUX L Abbett GrowthPairCorr
  0.84LGLVX L Abbett GrowthPairCorr
  0.7EMILX Lord Abbett EmergingPairCorr
  0.72LGOFX Lord Abbett GrowthPairCorr
  0.71LGOQX Lord Abbett GrowthPairCorr
  0.71LGORX Lord Abbett GrowthPairCorr
  0.71LGOPX 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
ELMFX  0.57  0.06  0.08  0.07  0.68 
(0.59)
 1.23 
(1.24)
 3.85 
ELMCX  0.57  0.06  0.07  0.07  0.71 
(0.60)
 1.24 
(1.25)
 3.82 
LFSFX  0.74 (0.01) 0.00 (0.02) 0.00 
 0.00 
 1.49 
(1.53)
 4.19 
LFRAX  0.08  0.03  0.23  7.56  0.00 
(0.28)
 0.13 
(0.12)
 0.87 
LFRFX  0.08  0.02  0.22 (0.35) 0.00 
(0.31)
 0.13 
(0.12)
 1.00 
LFRIX  0.08  0.03  0.00 (2.04) 0.00 
 0.00 
 0.12 
 0.00 
 1.00 
LFRRX  0.07  0.02  0.00 (1.48) 0.00 
 0.00 
 0.12 
(0.12)
 0.87 
LFROX  0.07  0.02  0.00 (1.09) 0.00 
 0.00 
 0.12 
(0.12)
 0.87 
HYMOX  0.13  0.00  0.03  0.00  0.12 
(0.17)
 0.28 
(0.28)
 0.75 
HYMIX  0.14  0.00  0.02  0.01  0.14 
(0.17)
 0.28 
(0.28)
 0.84 

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