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LFRIX Lord Abbett Floating Rate I Forecast, Technical & Fundamental Analysis

The investment seeks a high level of current income... Show more

Category: #Bank Loan
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A.I.Advisor
published Highlights

Industry description

The investment seeks a high level of current income. Under normal conditions, the fund pursues its investment objective by investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in floating or adjustable rate instruments and derivatives and other instruments that effectively enable the fund to achieve a floating rate of income. It may invest up to 20% of its net assets in other types of debt securities and short-term instruments.
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A.I. Advisor
published General Information

General Information

Category BankLoan

Profile
Details
Category
Bank Loan
Address
Lord Abbett Investment Trust90 Hudson StreetJersey City
Phone
N/A
Web
www.lordabbett.com
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LFRIX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, LFRIX has been closely correlated with TRIZX. These tickers have moved in lockstep 94% of the time. This A.I.-generated data suggests there is a high statistical probability that if LFRIX jumps, then TRIZX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To LFRIX
1D Price
Change %
LFRIX100%
N/A
TRIZX - LFRIX
94%
Closely correlated
N/A
PFFRX - LFRIX
93%
Closely correlated
N/A
EVBLX - LFRIX
90%
Closely correlated
N/A
FIQSX - LFRIX
29%
Poorly correlated
N/A
FFRAX - LFRIX
28%
Poorly correlated
-0.11%
More
Lord Abbett Floating Rate I (LFRIX) mutual fund Forecast, Price Targets and Analysts Predictions - Tickeron.com