L Abbett Growth Fund Quote
| LGLSX Fund | USD 35.75 0.95 2.59% |
Performance2 of 100
| Odds Of DistressLess than 23
|
L Abbett is trading at 35.75 as of the 25th of April 2024; that is -2.59 percent decrease since the beginning of the trading day. The fund's open price was 36.7. L Abbett has about a 23 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for L Abbett Growth are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of March 2024 and ending today, the 25th of April 2024. Click here to learn more.
The fund invests in equity securities of U.S. and foreign companies across all market capitalization ranges that the portfolio management team believes demonstrate above-average, long-term growth potential. Under normal conditions, it invests at least 50 percent of its net assets in companies having a market capitalization at the time of purchase that falls within the market capitalization range of companies in the Russell 1000 Index.. More on L Abbett Growth
Moving together with LGLSX Mutual Fund
| 0.9 | ELMFX | Lord Abbett Trust | PairCorr |
| 0.86 | ELMCX | Lord Abbett Trust | PairCorr |
| 0.7 | LFRAX | Floating Rate | PairCorr |
| 0.7 | LFRFX | Floating Rate | PairCorr |
| 0.71 | LFRIX | Floating Rate | PairCorr |
| 0.71 | LFRRX | Lord Abbett Inv | PairCorr |
Moving against LGLSX Mutual Fund
| 0.72 | LGBRX | Lord Abbett Global | PairCorr |
| 0.71 | LGBUX | Lord Abbett Global | PairCorr |
| 0.71 | LGFCX | Lord Abbett Global | PairCorr |
| 0.67 | LGBFX | Lord Abbett Global | PairCorr |
| 0.67 | LGBOX | Lord Abbett Global | PairCorr |
| 0.67 | LGBWX | Lord Abbett Global | PairCorr |
| 0.67 | LGBVX | Lord Abbett Global | PairCorr |
LGLSX Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. L Abbett's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding L Abbett or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Idea | Large Growth Funds (View all Themes) |
| Fund Concentration | Lord Abbett Funds, Large Growth Funds, Large Growth Funds, Large Growth, Lord Abbett, Large Growth, Large Growth (View all Sectors) |
| Update Date | 31st of March 2024 |
L Abbett Growth [LGLSX] is traded in USA and was established 25th of April 2024. L Abbett is listed under Lord Abbett category by Fama And French industry classification. The fund is listed under Large Growth category and is part of Lord Abbett family. The entity is thematically classified as Large Growth Funds. This fund now has accumulated 4.14 B in assets with no minimum investment requirementsL Abbett Growth is currently producing year-to-date (YTD) return of 7.99%, while the total return for the last 3 years was -1.95%.
Check L Abbett Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on LGLSX Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding LGLSX Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as L Abbett Growth Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top L Abbett Growth Mutual Fund Constituents
| MA | Mastercard | Stock | Financials |
| LYV | Live Nation Entertainment | Stock | Communication Services |
| PAYC | Paycom Soft | Stock | Information Technology |
| HD | Home Depot | Stock | Consumer Discretionary |
| FB | Meta Platforms | Stock | Internet Content & Information |
| GNRC | Generac Holdings | Stock | Industrials |
| NVDA | NVIDIA | Stock | Information Technology |
L Abbett Target Price Odds Analysis
Based on a normal probability distribution, the odds of L Abbett jumping above the current price in 90 days from now is about 86.03%. The L Abbett Growth probability density function shows the probability of L Abbett mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon L Abbett Growth has a beta of -0.0745. This indicates as returns on the benchmark increase, returns on holding L Abbett are expected to decrease at a much lower rate. During a bear market, however, L Abbett Growth is likely to outperform the market. Additionally, l Abbett Growth has an alpha of 0.0903, implying that it can generate a 0.0903 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of L Abbett to move above the current price in 90 days from now is about 86.03 (This L Abbett Growth probability density function shows the probability of LGLSX Mutual Fund to fall within a particular range of prices over 90 days) .
L Abbett Growth Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. L Abbett market risk premium is the additional return an investor will receive from holding L Abbett long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in L Abbett. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although L Abbett's alpha and beta are two of the key measurements used to evaluate L Abbett's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.12 | |||
| Semi Deviation | 1.27 | |||
| Standard Deviation | 1.45 | |||
| Variance | 2.09 |
L Abbett Against Markets
Picking the right benchmark for L Abbett mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in L Abbett mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for L Abbett is critical whether you are bullish or bearish towards L Abbett Growth at a given time. Please also check how L Abbett's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in L Abbett without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy LGLSX Mutual Fund?
Before investing in L Abbett, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in L Abbett. To buy L Abbett fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of L Abbett. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase L Abbett fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located L Abbett Growth fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased L Abbett Growth fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as L Abbett Growth, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in L Abbett Growth?
The danger of trading L Abbett Growth is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of L Abbett is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than L Abbett. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile L Abbett Growth is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in L Abbett Growth. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..