Lord Abbett Micro Cap Fund Market Value
| LMIYX Fund | USD 16.64 0.10 0.60% |
| Symbol | Lord |
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.
| 01/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Lord Abbett on January 20, 2024 and sell it all today you would earn a total of 0.00 from holding Lord Abbett Micro Cap or generate 0.0% return on investment in Lord Abbett over 90 days. Lord Abbett is related to or competes with Lord Abbett, Floating Rate, Floating Rate, Floating Rate, Lord Abbett, Lord Abbett, and Lord Abbett. Under normal conditions, the fund invests at least 80 percent of its net assets, plus the amount of any borrowings for i... 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 Micro Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.44 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 6.03 | |||
| Value At Risk | (2.21) | |||
| Potential Upside | 2.37 |
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.| Risk Adjusted Performance | 0.0069 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0) |
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.
Lord Abbett Micro Backtested Returns
Lord Abbett Micro has Sharpe Ratio of -0.0265, which conveys that the entity had a -0.0265% return per unit of risk over the last 3 months. Lord Abbett exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lord Abbett's Downside Deviation of 1.44, mean deviation of 1.16, and Risk Adjusted Performance of 0.0069 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 1.79, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Lord Abbett will likely underperform.
Auto-correlation | -0.43 |
Modest reverse predictability
Lord Abbett Micro Cap has modest reverse predictability. Overlapping area represents the amount of predictability between Lord Abbett time series from 20th of January 2024 to 5th of March 2024 and 5th of March 2024 to 19th of April 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 Micro price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Lord Abbett price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Lord Abbett Micro 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 Micro Cap.
Regressed Prices |
| Timeline |
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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.