Lord Abbett Correlations

Mutual Funds USA . 
Fund . Lord Abbett Short
LDLTX Fund  USD 3.86  0.01  0.26%   
The current 90-days correlation between Lord Abbett Short and Global Real Estate is 0.1 (i.e., Average 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

Average diversification

The correlation between Lord Abbett Short and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Short 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 Short. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Lord Mutual Fund

  0.84VBIRX Vanguard Short TermPairCorr
  0.92VFSUX Vanguard Short TermPairCorr
  0.92VFSIX Vanguard Short TermPairCorr
  0.92VFSTX Vanguard Short TermPairCorr
  0.86VBITX Vanguard Short TermPairCorr
  0.84VBISX Vanguard Short TermPairCorr
  0.9LALDX Lord Abbett ShortPairCorr
  0.91VSCSX Vanguard Short TermPairCorr
  0.94LDLAX Lord Abbett ShortPairCorr
  0.9LDLRX Lord Abbett ShortPairCorr
  0.76TRV The Travelers CompaniesPairCorr

Moving against Lord Mutual Fund

  0.62SMPIX Semiconductor UltrasectorPairCorr
  0.62SMPSX Semiconductor UltrasectorPairCorr
  0.56CISGX Touchstone Sands CapitalPairCorr
  0.47BAC Bank of AmericaPairCorr
  0.43WMT WalmartPairCorr
  0.4AXP American ExpressPairCorr
  0.39JPM JPMorgan ChasePairCorr
  0.39CAT CaterpillarPairCorr

Related Correlations Analysis

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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   
RRRZX
+ 1.0
MRESX
PREJX
+ 0.99
MRESX
RRRZX
+ 0.98
PREJX
MRESX
+ 0.95
RRSCX
RRRZX
+ 0.95
RRSCX
PREJX
+ 0.93
RRSCX
  
High negative correlations   
RRRZX
- 0.63
CREMX
MRESX
- 0.59
CREMX
CREMX
- 0.53
RRSCX
PREJX
- 0.46
CREMX
NMMRF
- 0.39
RRSCX
NMMRF
- 0.37
RRRZX

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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