Lord Abbett Correlations

ELMFX Fund

USD 16.39 0.11 0.67%

The current 90-days correlation between Lord Abbett Trust and Rational Defensive Growth is -0.08 (i.e., Good 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

Weak diversification

The correlation between Lord Abbett Trust and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Trust and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Lord Abbett Trust. 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 census.

Moving together with Lord Mutual Fund

0.88	VEMAX	Vanguard Emerging Markets	Pair Corr
0.93	VEIEX	Vanguard Emerging Markets	Pair Corr
0.93	VEMIX	Vanguard Emerging Markets	Pair Corr
0.93	VEMRX	Vanguard Emerging Markets	Pair Corr
0.8	FWWNX	American Funds New	Pair Corr
0.8	FNFWX	American Funds New	Pair Corr
0.86	NEWFX	New World Fund	Pair Corr
0.86	NWFFX	New World Fund	Pair Corr
0.86	NEWCX	New World Fund	Pair Corr
0.91	ODVYX	Oppenheimer Developing	Pair Corr
0.63	ERH	Allspring Utilities And	Pair Corr
0.8	WHIYX	Ivy High Income	Pair Corr
0.78	IVHIX	Ivy High Income	Pair Corr
0.75	IHIFX	Ivy High Income	Pair Corr
0.76	WRHIX	Ivy High Income	Pair Corr
0.75	WHIAX	Ivy High Income	Pair Corr
0.77	INTC	Intel Aggressive Push	Pair Corr
0.67	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.66	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.73	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.75	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.71	HPQ	HP Inc Earnings Call This Week	Pair Corr
0.8	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.63	DIS	Walt Disney Earnings Call Tomorrow	Pair Corr
0.77	HD	Home Depot	Pair Corr

Moving against Lord Mutual Fund

0.55	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.55	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.46	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	HSUAX	PRNHX	GMSMX	QUAIX	CIPMX
HSUAX		0.85	0.89	0.97	0.87	HSUAX
PRNHX	0.85		0.9	0.9	0.96	PRNHX
GMSMX	0.89	0.9		0.96	0.9	GMSMX
QUAIX	0.97	0.9	0.96		0.91	QUAIX
CIPMX	0.87	0.96	0.9	0.91		CIPMX
	HSUAX	PRNHX	GMSMX	QUAIX	CIPMX

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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
HSUAX	0.76	0.24	0.07	(1.75)	0.63	(0.91)	1.58	(1.41)	4.58
PRNHX	0.71	0.05	0.07	0.21	0.67	(0.79)	1.65	(1.11)	4.55
GMSMX	0.86	0.22	0.06	(9.56)	0.70	(1.05)	2.15	(1.38)	5.63
QUAIX	0.92	0.30	0.13	49.26	0.78	(1.08)	2.11	(1.46)	6.10
CIPMX	0.65	0.03	0.01	0.19	0.51	(0.73)	1.38	(1.15)	3.42

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