Lord Abbett Correlations

LFSFX Fund

USD 33.43 0.34 1.01%

The current 90-days correlation between Lord Abbett Focused and Chase Growth Fund is 0.82 (i.e., Very 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 poor diversification

The correlation between Lord Abbett Focused and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Focused 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 Focused. 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

0.8	LGCVX	Lord Abbett Global	Pair Corr
0.8	LGCYX	Lord Abbett Global	Pair Corr
0.82	LGLFX	Lord Abbett Growth	Pair Corr
0.79	LGLOX	Lord Abbett Growth	Pair Corr
0.79	LGLSX	L Abbett Growth	Pair Corr
0.82	LGOQX	Lord Abbett Growth	Pair Corr
0.72	LIGFX	Lord Abbett Diversified	Pair Corr
0.71	LIXRX	Lord Abbett Diversified	Pair Corr
0.91	LMCCX	Lord Abbett Mid	Pair Corr
0.82	LMGYX	Lord Abbett Growth	Pair Corr
0.88	LOFLX	Lord Abbett Focused	Pair Corr
0.79	LOMGX	Lord Abbett Growth	Pair Corr

Moving against Lord Mutual Fund

0.32

LAPUX

Lord Abbett E

Pair Corr

Related Correlations Analysis

	CHAIX	VSTCX	PRNHX	LGLSX	WPASX
CHAIX		0.94	0.95	0.96	0.87	CHAIX
VSTCX	0.94		0.98	0.89	0.84	VSTCX
PRNHX	0.95	0.98		0.91	0.83	PRNHX
LGLSX	0.96	0.89	0.91		0.79	LGLSX
WPASX	0.87	0.84	0.83	0.79		WPASX
	CHAIX	VSTCX	PRNHX	LGLSX	WPASX

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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
CHAIX	0.68	0.08	0.10	0.24	0.59	(0.84)	1.73	(0.99)	4.41
VSTCX	0.92	0.01	0.08	0.16	0.73	(1.07)	2.32	(1.52)	5.89
PRNHX	0.71	0.05	0.07	0.21	0.67	(0.79)	1.65	(1.11)	4.55
LGLSX	0.93	0.32	0.11	20.52	1.05	(1.00)	2.43	(1.68)	6.65
WPASX	0.57	0.02	(0.02)	0.18	0.55	(0.62)	1.30	(1.09)	3.95

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