Lord Abbett Correlations

LGLAX Fund

USD 55.04 0.01 0.02%

The current 90-days correlation between Lord Abbett Growth and Enhanced Fixed Income is 0.43 (i.e., Very weak 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 Growth and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Growth 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 Growth. 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 nation.

Moving together with Lord Mutual Fund

0.85	LGLCX	Lord Abbett Growth	Pair Corr
0.85	LGLFX	Lord Abbett Growth	Pair Corr
1.0	LGLIX	Lord Abbett Growth	Pair Corr
0.85	LGLOX	Lord Abbett Growth	Pair Corr
0.85	LGLSX	L Abbett Growth	Pair Corr
1.0	LGLQX	Lord Abbett Growth	Pair Corr
1.0	LGLRX	Lord Abbett Growth	Pair Corr
1.0	LGLUX	L Abbett Growth	Pair Corr
1.0	LGLVX	L Abbett Growth	Pair Corr
0.92	LGOFX	Lord Abbett Growth	Pair Corr
0.92	LGOQX	Lord Abbett Growth	Pair Corr
0.92	LGORX	Lord Abbett Growth	Pair Corr
0.92	LGOPX	Lord Abbett Growth	Pair Corr

Moving against Lord Mutual Fund

0.42	LFRAX	Floating Rate	Pair Corr
0.42	LFRFX	Floating Rate	Pair Corr
0.42	LFRIX	Floating Rate	Pair Corr
0.4	LFRRX	Lord Abbett Inv	Pair Corr
0.4	LFROX	Lord Abbett Floating	Pair Corr
0.55	LHCCX	Lord Abbett Health	Pair Corr
0.54	LHCAX	Lord Abbett Health	Pair Corr
0.54	LHCFX	Lord Abbett Health	Pair Corr
0.54	LHCOX	Lord Abbett Health	Pair Corr
0.5	LGRUX	Lord Abbett Investment	Pair Corr
0.47	LGRAX	Lord Abbett Investment	Pair Corr

Related Correlations Analysis

	AAEZX	SNPTX	GMADX	TRWIX	AUUIX	AUUYX	ARTNX	PASTX
AAEZX		0.91	0.87	0.81	0.87	0.87	0.91	0.78	AAEZX
SNPTX	0.91		0.9	0.8	0.98	0.98	0.9	0.92	SNPTX
GMADX	0.87	0.9		0.86	0.92	0.92	0.92	0.75	GMADX
TRWIX	0.81	0.8	0.86		0.79	0.78	0.91	0.67	TRWIX
AUUIX	0.87	0.98	0.92	0.79		1.0	0.87	0.91	AUUIX
AUUYX	0.87	0.98	0.92	0.78	1.0		0.87	0.91	AUUYX
ARTNX	0.91	0.9	0.92	0.91	0.87	0.87		0.76	ARTNX
PASTX	0.78	0.92	0.75	0.67	0.91	0.91	0.76		PASTX
	AAEZX	SNPTX	GMADX	TRWIX	AUUIX	AUUYX	ARTNX	PASTX

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
AAEZX	0.17	0.01	(0.17)	0.25	0.00	(0.26)	0.39	(0.38)	1.07
SNPTX	0.50	0.04	0.04	0.11	0.65	(0.51)	1.16	(0.96)	3.26
GMADX	0.53	0.03	0.03	0.10	0.62	(0.59)	1.35	(1.08)	3.57
TRWIX	0.59	0.08	0.03	0.98	0.70	(0.63)	1.21	(1.14)	3.55
AUUIX	0.45	0.02	0.00	0.08	0.70	(0.44)	1.01	(0.87)	3.09
AUUYX	0.46	0.02	0.00	0.08	0.69	(0.45)	1.03	(0.90)	3.08
ARTNX	0.53	0.09	0.05	1.10	0.57	(0.57)	1.22	(0.97)	3.81
PASTX	1.07	0.12	0.08	0.16	1.42	(1.07)	2.10	(2.97)	6.61

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