Lord Abbett Correlations

The current 90-days correlation between Lord Abbett Diversified and Ab Global Real is 0.62 (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

Poor diversification

The correlation between Lord Abbett Diversified and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Diversified and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios. 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 metropolitan statistical area.

Moving together with Lord Mutual Fund

0.73	LHYOX	Lord Abbett High	Pair Corr
0.83	LIGFX	Lord Abbett Diversified	Pair Corr
0.8	LIFAX	Lord Abbett Inflation	Pair Corr
0.62	LAAFX	Lord Abbett Affiliated	Pair Corr
0.85	LADCX	Lord Abbett Developing	Pair Corr
0.63	LBCQX	Lord Abbett Vertible	Pair Corr
0.61	LDLRX	Lord Abbett Short	Pair Corr
0.82	VWINX	Vanguard Wellesley Income	Pair Corr
0.72	VWIAX	Vanguard Wellesley Income	Pair Corr
0.92	HBLTX	Hartford Balanced	Pair Corr
0.92	HBLRX	Hartford Balanced	Pair Corr
0.93	HBLVX	Hartford Balanced	Pair Corr
0.92	HBLIX	Hartford Balanced	Pair Corr
0.83	ASG	Liberty All Star	Pair Corr
0.66	CII	Blackrock Enhanced	Pair Corr
0.8	ETV	Eaton Vance Tax	Pair Corr
0.64	CLM	Cornerstone Strategic	Pair Corr
0.68	CRF	Cornerstone Strategic	Pair Corr
0.69	ETY	Eaton Vance Tax	Pair Corr
0.66	FWWNX	American Funds New	Pair Corr
0.77	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.7	HD	Home Depot	Pair Corr
0.61	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr

Moving against Lord Mutual Fund

0.65	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.34	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	ARECX	SMYIX	AEEIX	APDPX	TEDIX	DHGCX	BXFIX
ARECX		-0.3	0.91	-0.04	0.44	0.76	0.09	ARECX
SMYIX	-0.3		0.0	0.56	0.48	-0.48	0.62	SMYIX
AEEIX	0.91	0.0		0.0	0.47	0.76	0.29	AEEIX
APDPX	-0.04	0.56	0.0		0.11	-0.57	0.74	APDPX
TEDIX	0.44	0.48	0.47	0.11		0.23	0.22	TEDIX
DHGCX	0.76	-0.48	0.76	-0.57	0.23		-0.24	DHGCX
BXFIX	0.09	0.62	0.29	0.74	0.22	-0.24		BXFIX
	ARECX	SMYIX	AEEIX	APDPX	TEDIX	DHGCX	BXFIX

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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

AEEIX	+ 0.91	ARECX
DHGCX	+ 0.76	ARECX
DHGCX	+ 0.76	AEEIX
BXFIX	+ 0.74	APDPX
BXFIX	+ 0.62	SMYIX
APDPX	+ 0.56	SMYIX

High negative correlations

DHGCX	- 0.57	APDPX
DHGCX	- 0.48	SMYIX
SMYIX	- 0.3	ARECX
BXFIX	- 0.24	DHGCX
APDPX	- 0.04	ARECX
APDPX	- 0.0	AEEIX

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
ARECX	0.58	(0.01)	(0.14)	0.12	0.74	(0.60)	1.21	(1.33)	3.96
SMYIX	0.58	0.11	(0.05)	(2.55)	0.69	(0.66)	1.47	(1.19)	3.94
AEEIX	0.60	0.00	(0.14)	0.00	0.77	(0.63)	1.26	(1.38)	4.03
APDPX	0.09	0.04	(0.93)	(2.79)	0.00	(0.14)	0.20	(0.10)	0.40
TEDIX	0.56	0.04	(0.20)	(0.04)	0.67	(0.57)	1.28	(1.05)	2.63
DHGCX	0.16	(0.02)	0.00	(0.47)	0.00	0.00	0.31	(0.25)	0.96
BXFIX	0.07	0.02	(0.95)	(0.23)	0.00	(0.21)	0.12	(0.11)	1.03

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