Lord Abbett Correlations

LGLAX Fund

USD 41.15 0.25 0.61%

The current 90-days correlation between Lord Abbett Growth and Growth Fund Of is 0.93 (i.e., Almost no 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

Very weak diversification

The correlation between Lord Abbett Growth and DJI is 0.45 (i.e., Very weak 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 nation.

Moving together with Lord Mutual Fund

1.0	LGLSX	L Abbett Growth	Pair Corr
0.8	LHCCX	Lord Abbett Health	Pair Corr
0.81	LHCTX	Lord Abbett Health	Pair Corr
0.86	LIGFX	Lord Abbett Diversified	Pair Corr
0.64	LIFLX	Lord Abbett Focused	Pair Corr
0.62	LLDYX	Lord Abbett Short	Pair Corr
0.86	ISFAX	Lord Abbett Diversified	Pair Corr
0.75	LOGWX	Lord Abbett Developing	Pair Corr
0.65	LOISX	Lord Abbett Intermediate	Pair Corr
0.64	LOMGX	Lord Abbett Growth	Pair Corr
0.61	LOLDX	Lord Abbett Short	Pair Corr
0.88	LABFX	Lord Abbett Multi	Pair Corr
0.61	LAAFX	Lord Abbett Affiliated	Pair Corr
0.75	LADYX	Lord Abbett Developing	Pair Corr
0.66	LALDX	Lord Abbett Short	Pair Corr
0.69	LANFX	Lord Abbett National	Pair Corr
0.66	LSDCX	Lord Abbett Short	Pair Corr
0.68	LSFLX	Lord Abbett Focused	Pair Corr

Related Correlations Analysis

	CGFFX	SCRYY	AQUI	BRRAY	MSTSX	ABHYX	VIASP	GBEMX	TYLG	KNF
CGFFX		-0.25	0.0	0.6	0.75	0.82	0.81	0.68	0.97	-0.5	CGFFX
SCRYY	-0.25		0.0	-0.4	0.21	-0.26	-0.36	0.08	-0.38	0.59	SCRYY
AQUI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	0.6	-0.4	0.0		0.52	0.5	0.76	0.55	0.6	-0.74	BRRAY
MSTSX	0.75	0.21	0.0	0.52		0.69	0.74	0.85	0.62	-0.39	MSTSX
ABHYX	0.82	-0.26	0.0	0.5	0.69		0.74	0.56	0.83	-0.55	ABHYX
VIASP	0.81	-0.36	0.0	0.76	0.74	0.74		0.74	0.76	-0.77	VIASP
GBEMX	0.68	0.08	0.0	0.55	0.85	0.56	0.74		0.56	-0.42	GBEMX
TYLG	0.97	-0.38	0.0	0.6	0.62	0.83	0.76	0.56		-0.52	TYLG
KNF	-0.5	0.59	0.0	-0.74	-0.39	-0.55	-0.77	-0.42	-0.52		KNF
	CGFFX	SCRYY	AQUI	BRRAY	MSTSX	ABHYX	VIASP	GBEMX	TYLG	KNF

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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

TYLG	+ 0.97	CGFFX
GBEMX	+ 0.85	MSTSX
TYLG	+ 0.83	ABHYX
ABHYX	+ 0.82	CGFFX
VIASP	+ 0.81	CGFFX
VIASP	+ 0.76	BRRAY

High negative correlations

KNF	- 0.77	VIASP
KNF	- 0.74	BRRAY
KNF	- 0.55	ABHYX
KNF	- 0.52	TYLG
KNF	- 0.5	CGFFX
KNF	- 0.42	GBEMX

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
CGFFX	0.62	0.10	0.12	0.11	0.62	(0.65)	1.43	(1.56)	3.79
SCRYY	2.11	(0.08)	0.00	(0.05)	0.00	0.00	4.01	(4.72)	15.76
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	2.73	0.42	0.10	0.44	2.88	(4.18)	7.79	(5.85)	40.16
MSTSX	0.48	0.03	0.04	0.04	0.73	(0.45)	0.92	(1.29)	3.08
ABHYX	0.17	0.02	0.07	0.20	0.11	(0.22)	0.34	(0.35)	1.03
VIASP	1.32	0.29	0.14	0.25	1.79	(1.39)	3.96	(2.61)	13.41
GBEMX	0.54	0.09	0.10	0.16	0.72	(0.53)	1.08	(1.38)	3.48
TYLG	0.62	0.11	0.11	0.16	0.70	(0.60)	1.39	(1.43)	3.68
KNF	1.45	(0.07)	0.00	(0.07)	0.00	0.00	2.47	(2.91)	8.13

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