Lord Abbett Correlations

Mutual Funds . USA . 
Fund . Lord Abbett Emerging
EMILX Fund  USD 18.57  0.27  1.48%   
The current 90-days correlation between Lord Abbett Emerging and Tiaa Cref Lifestyle Moderate is 0.66 (i.e., Poor 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 Emerging and DJI is 0.56 (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 Emerging 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 Emerging. 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 bureau of economic analysis.

Moving together with Lord Mutual Fund

  1.0ELMFX Lord Abbett TrustPairCorr
  1.0ELMCX Lord Abbett TrustPairCorr
  0.93LFSFX Lord Abbett FocusedPairCorr
  0.97LFRAX Floating RatePairCorr
  0.97LFRFX Floating RatePairCorr
  0.97LFRIX Floating RatePairCorr
  0.97LFROX Lord Abbett FloatingPairCorr
  0.98LGCCX Lord Abbett GlobalPairCorr
  0.98LGCOX Lord Abbett GlobalPairCorr
  0.98LGLAX Lord Abbett GrowthPairCorr
  0.98LGLFX Lord Abbett GrowthPairCorr
  0.98LGLSX L Abbett GrowthPairCorr
  0.96LGOTX Lord Abbett GrowthPairCorr
  1.0EMOLX Lord Abbett TrustPairCorr
  0.97LHYTX Lord Abbett HighPairCorr
  0.97LHYAX Lord Abbett HighPairCorr
  0.96LHYFX Lord Abbett HighPairCorr
  0.95LICAX Lord Abbett InternationalPairCorr
  0.97LIGFX Lord Abbett DiversifiedPairCorr
  0.97LIGQX Lord Abbett DiversifiedPairCorr
  0.85LIFAX Lord Abbett InflationPairCorr
  0.94LINCX Lord Abbett InternationalPairCorr
  0.94LIRSX Lord Abbett IntlPairCorr
  0.97LIXVX Lord Abbett MultiPairCorr
  0.86LLDYX Lord Abbett ShortPairCorr
  0.96LMIYX Lord Abbett MicroPairCorr
  0.96ISFCX Lord Abbett MultiPairCorr
  0.94LODMX Lord Abbett EmergingPairCorr
  0.88LOGVX Lord Abbett IncomePairCorr
  0.83LOISX Lord Abbett IntermediatePairCorr
  0.96LRAGX Lord Abbett InternationalPairCorr
  0.97LRRKX Floating RatePairCorr
  0.97LRRRX Floating RatePairCorr
  0.97LRRTX Floating RatePairCorr
  0.95LRSPX Small Cap ValuePairCorr

Related Correlations Analysis

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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.

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