Lord Abbett Correlations

LGLAX Fund

USD 40.67 0.02 0.05%

The current 90-days correlation between Lord Abbett Growth and SCOR PK is 0.12 (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

Good diversification

The correlation between Lord Abbett Growth and DJI is -0.08 (i.e., Good 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

0.61	ELMFX	Lord Abbett Trust	Pair Corr
0.61	ELMCX	Lord Abbett Trust	Pair Corr
0.81	HYMOX	Lord Abbett High	Pair Corr
0.73	HYMQX	Lord Abbett Short	Pair Corr
0.81	HYMAX	Lord Abbett High	Pair Corr
0.78	HYMCX	Lord Abbett High	Pair Corr
0.82	HYMFX	Lord Abbett High	Pair Corr
0.81	HYMIX	Lord Abbett High	Pair Corr
0.89	LGCAX	Lord Abbett Global	Pair Corr
0.89	LGCFX	Lord Abbett Global	Pair Corr
0.87	LGCCX	Lord Abbett Global	Pair Corr
0.81	LGCRX	Lord Abbett Global	Pair Corr
0.89	LGCOX	Lord Abbett Global	Pair Corr
0.89	LGCVX	Lord Abbett Global	Pair Corr
0.89	LGCSX	Lord Abbett Global	Pair Corr
0.89	LGCYX	Lord Abbett Global	Pair Corr
0.89	LGCWX	Lord Abbett Global	Pair Corr
0.94	LGLCX	Lord Abbett Growth	Pair Corr
1.0	LGLFX	Lord Abbett Growth	Pair Corr
0.94	LGLIX	Lord Abbett Growth	Pair Corr
1.0	LGLSX	L Abbett Growth	Pair Corr
1.0	LGLQX	Lord Abbett Growth	Pair Corr
1.0	LGLRX	Lord Abbett Growth	Pair Corr
0.94	LGLUX	L Abbett Growth	Pair Corr
0.94	LGLVX	L Abbett Growth	Pair Corr

Related Correlations Analysis

	SCRYY	444859BR2	FSMFX	SCRYX	MSTSX	SCAXF	VIASP	XTWO	KNG	JRBEX
SCRYY		-0.31	-0.28	0.51	0.12	0.2	-0.46	-0.53	0.59	-0.28	SCRYY
444859BR2	-0.31		0.9	0.42	0.58	0.01	0.63	0.77	0.34	0.81	444859BR2
FSMFX	-0.28	0.9		0.49	0.68	0.05	0.7	0.8	0.36	0.9	FSMFX
SCRYX	0.51	0.42	0.49		0.67	0.14	0.21	0.12	0.76	0.51	SCRYX
MSTSX	0.12	0.58	0.68	0.67		0.54	0.74	0.64	0.45	0.86	MSTSX
SCAXF	0.2	0.01	0.05	0.14	0.54		0.42	0.31	0.09	0.3	SCAXF
VIASP	-0.46	0.63	0.7	0.21	0.74	0.42		0.88	-0.03	0.88	VIASP
XTWO	-0.53	0.77	0.8	0.12	0.64	0.31	0.88		0.0	0.86	XTWO
KNG	0.59	0.34	0.36	0.76	0.45	0.09	-0.03	0.0		0.23	KNG
JRBEX	-0.28	0.81	0.9	0.51	0.86	0.3	0.88	0.86	0.23		JRBEX
	SCRYY	444859BR2	FSMFX	SCRYX	MSTSX	SCAXF	VIASP	XTWO	KNG	JRBEX

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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

FSMFX	+ 0.9	444859BR2
JRBEX	+ 0.9	FSMFX
XTWO	+ 0.88	VIASP
JRBEX	+ 0.88	VIASP
JRBEX	+ 0.86	MSTSX
JRBEX	+ 0.86	XTWO

High negative correlations

XTWO	- 0.53	SCRYY
VIASP	- 0.46	SCRYY
444859BR2	- 0.31	SCRYY
JRBEX	- 0.28	SCRYY
FSMFX	- 0.28	SCRYY
KNG	- 0.03	VIASP

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
SCRYY	2.13	(0.25)	0.00	0.48	0.00	0.00	3.56	(4.72)	15.76
444859BR2	0.46	0.04	0.09	0.14	0.49	(0.52)	1.12	(0.79)	2.67
FSMFX	0.35	0.01	0.05	0.04	0.46	(0.35)	0.66	(0.78)	1.84
SCRYX	0.83	(0.07)	0.00	(0.41)	0.00	0.00	1.51	(1.74)	4.67
MSTSX	0.47	0.01	0.03	0.05	0.73	(0.43)	0.90	(1.29)	2.89
SCAXF	4.43	1.56	0.00	(0.25)	0.00	0.00	0.00	0.00	182.60
VIASP	1.27	0.31	0.14	0.25	1.79	(1.30)	3.96	(2.61)	13.41
XTWO	0.08	0.00	0.17	0.03	0.06	(0.09)	0.16	(0.14)	0.56
KNG	0.44	(0.03)	0.00	(0.06)	0.00	0.00	0.81	(1.10)	2.90
JRBEX	0.34	0.02	0.08	0.22	0.41	(0.38)	0.85	(0.83)	1.83

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