Lord Abbett Health Fund Market Value

LHCAX Fund  USD 19.43  0.01  0.05%   
Lord Abbett's market value is the price at which a share of Lord Abbett trades on a public exchange. It measures the collective expectations of Lord Abbett Health investors about its performance. Lord Abbett is trading at 19.43 as of the 29th of March 2024; that is -0.05 percent decrease since the beginning of the trading day. The fund's open price was 19.44.
With this module, you can estimate the performance of a buy and hold strategy of Lord Abbett Health and determine expected loss or profit from investing in Lord Abbett over a given investment horizon. Check out Lord Abbett Correlation, Lord Abbett Volatility and Lord Abbett Alpha and Beta module to complement your research on Lord Abbett.
Symbol

Please note, there is a significant difference between Lord Abbett's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lord Abbett is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lord Abbett's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Lord Abbett 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Lord Abbett's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Lord Abbett.
0.00
04/09/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
03/29/2024
0.00
If you would invest  0.00  in Lord Abbett on April 9, 2022 and sell it all today you would earn a total of 0.00 from holding Lord Abbett Health or generate 0.0% return on investment in Lord Abbett over 720 days. Lord Abbett is related to or competes with Vanguard Health, T Rowe, Vanguard Health, Blackrock Health, Blackrock Health, Blackrock Health, and Blackrock Health. Under normal conditions, the fund will invest at least 80 percent of its net assets, plus the amount of any borrowings f... More

Lord Abbett Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Lord Abbett's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Lord Abbett Health upside and downside potential and time the market with a certain degree of confidence.

Lord Abbett Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Lord Abbett's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lord Abbett's standard deviation. In reality, there are many statistical measures that can use Lord Abbett historical prices to predict the future Lord Abbett's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Lord Abbett's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
18.4619.4320.40
Details
Intrinsic
Valuation
LowRealHigh
18.2319.2020.17
Details
Naive
Forecast
LowNextHigh
18.8119.7720.74
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
18.8919.2219.55
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Lord Abbett. Your research has to be compared to or analyzed against Lord Abbett's peers to derive any actionable benefits. When done correctly, Lord Abbett's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Lord Abbett Health.

Lord Abbett Health Backtested Returns

We consider Lord Abbett very steady. Lord Abbett Health has Sharpe Ratio of 0.15, which conveys that the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Lord Abbett, which you can use to evaluate the volatility of the fund. Please verify Lord Abbett's Mean Deviation of 0.7972, risk adjusted performance of 0.1076, and Downside Deviation of 0.8597 to check out if the risk estimate we provide is consistent with the expected return of 0.15%. The fund secures a Beta (Market Risk) of 0.0436, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Lord Abbett's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lord Abbett is expected to be smaller as well.

Auto-correlation

    
  -0.06  

Very weak reverse predictability

Lord Abbett Health has very weak reverse predictability. Overlapping area represents the amount of predictability between Lord Abbett time series from 9th of April 2022 to 4th of April 2023 and 4th of April 2023 to 29th of March 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Lord Abbett Health price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Lord Abbett price fluctuation can be explain by its past prices.
Correlation Coefficient-0.06
Spearman Rank Test-0.16
Residual Average0.0
Price Variance1.03

Lord Abbett Health lagged returns against current returns

Autocorrelation, which is Lord Abbett mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Lord Abbett's mutual fund expected returns. We can calculate the autocorrelation of Lord Abbett returns to help us make a trade decision. For example, suppose you find that Lord Abbett has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Lord Abbett regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Lord Abbett mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lord Abbett mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lord Abbett mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Lord Abbett Lagged Returns

When evaluating Lord Abbett's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lord Abbett mutual fund have on its future price. Lord Abbett autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Lord Abbett autocorrelation shows the relationship between Lord Abbett mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Lord Abbett Health.
   Regressed Prices   
       Timeline  

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Check out Lord Abbett Correlation, Lord Abbett Volatility and Lord Abbett Alpha and Beta module to complement your research on Lord Abbett.
Note that the Lord Abbett Health information on this page should be used as a complementary analysis to other Lord Abbett's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.

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When running Lord Abbett's price analysis, check to measure Lord Abbett's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Lord Abbett is operating at the current time. Most of Lord Abbett's value examination focuses on studying past and present price action to predict the probability of Lord Abbett's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lord Abbett's price. Additionally, you may evaluate how the addition of Lord Abbett to your portfolios can decrease your overall portfolio volatility.
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Lord Abbett technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
A focus of Lord Abbett technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Lord Abbett trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...