Lord Abbett Correlations

LCFTX Fund

USD 17.09 0.05 0.29%

The current 90-days correlation between Lord Abbett Vertible and Lord Abbett Trust is 0.7 (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

Significant diversification

The correlation between Lord Abbett Vertible and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Vertible and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lord Abbett Vertible. 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 manufacturing.

Moving together with Lord Mutual Fund

0.88	ELMFX	Lord Abbett Trust	Pair Corr
0.88	ELMCX	Lord Abbett Trust	Pair Corr
0.76	HYMOX	Lord Abbett High	Pair Corr
0.74	HYMQX	Lord Abbett Short	Pair Corr
0.76	HYMAX	Lord Abbett High	Pair Corr
0.74	HYMCX	Lord Abbett High	Pair Corr
0.76	HYMFX	Lord Abbett High	Pair Corr
0.76	HYMIX	Lord Abbett High	Pair Corr
0.62	LGCOX	Lord Abbett Global	Pair Corr
0.85	EMILX	Lord Abbett Emerging	Pair Corr
0.64	LGRFX	Lord Abbett Investment	Pair Corr

Moving against Lord Mutual Fund

0.35	LFVCX	Lord Abbett Focused	Pair Corr
0.34	LFVAX	Lord Abbett Focused	Pair Corr
0.33	LFSFX	Lord Abbett Focused Potential Growth	Pair Corr
0.34	LINCX	Lord Abbett International	Pair Corr
0.33	LINQX	Lord Abbett International	Pair Corr
0.33	LINSX	L Abbett International	Pair Corr
0.32	LINVX	L Abbett International	Pair Corr

Related Correlations Analysis

	ELMFX	ELMCX	LFSFX	LFRAX	LFRFX	LFRIX	LFRRX	LFROX	LFVAX	LFVCX
ELMFX		1.0	-0.41	0.56	0.6	0.59	0.61	0.59	-0.41	-0.42	ELMFX
ELMCX	1.0		-0.4	0.54	0.58	0.58	0.6	0.58	-0.4	-0.41	ELMCX
LFSFX	-0.41	-0.4		-0.59	-0.64	-0.63	-0.62	-0.64	1.0	1.0	LFSFX
LFRAX	0.56	0.54	-0.59		0.95	0.99	0.98	0.99	-0.6	-0.61	LFRAX
LFRFX	0.6	0.58	-0.64	0.95		0.96	0.95	0.95	-0.65	-0.66	LFRFX
LFRIX	0.59	0.58	-0.63	0.99	0.96		0.99	0.99	-0.64	-0.65	LFRIX
LFRRX	0.61	0.6	-0.62	0.98	0.95	0.99		0.99	-0.63	-0.64	LFRRX
LFROX	0.59	0.58	-0.64	0.99	0.95	0.99	0.99		-0.64	-0.65	LFROX
LFVAX	-0.41	-0.4	1.0	-0.6	-0.65	-0.64	-0.63	-0.64		1.0	LFVAX
LFVCX	-0.42	-0.41	1.0	-0.61	-0.66	-0.65	-0.64	-0.65	1.0		LFVCX
	ELMFX	ELMCX	LFSFX	LFRAX	LFRFX	LFRIX	LFRRX	LFROX	LFVAX	LFVCX

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

ELMCX	+ 1.0	ELMFX
LFVAX	+ 1.0	LFSFX
LFVCX	+ 1.0	LFSFX
LFVCX	+ 1.0	LFVAX
LFRIX	+ 0.99	LFRAX
LFROX	+ 0.99	LFRAX

High negative correlations

LFVCX	- 0.66	LFRFX
LFVCX	- 0.65	LFROX
LFVCX	- 0.65	LFRIX
LFVAX	- 0.65	LFRFX
LFVAX	- 0.64	LFROX
LFVCX	- 0.64	LFRRX

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
ELMFX	0.77	0.12	0.04	1.31	0.94	(0.86)	1.60	(1.16)	5.26
ELMCX	0.77	0.11	0.04	1.26	0.93	(0.85)	1.58	(1.18)	5.34
LFSFX	0.90	(0.09)	0.00	20.86	0.00	0.00	1.97	(2.04)	5.46
LFRAX	0.06	0.01	(0.46)	(1.62)	0.00	(0.24)	0.13	(0.12)	0.87
LFRFX	0.06	0.00	(0.43)	0.19	0.00	(0.24)	0.13	(0.12)	0.88
LFRIX	0.06	0.01	(0.42)	(0.50)	0.00	(0.25)	0.13	(0.12)	0.88
LFRRX	0.05	0.01	0.00	(1.01)	0.00	0.00	0.13	(0.12)	0.88
LFROX	0.07	0.01	(0.48)	(2.89)	0.00	(0.23)	0.13	(0.13)	1.00
LFVAX	0.91	(0.09)	0.00	5.34	0.00	0.00	1.96	(2.07)	5.45
LFVCX	0.91	(0.09)	0.00	6.72	0.00	0.00	1.95	(2.02)	5.43

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC