Ab Emerging Correlations

ABCEX Fund  USD 9.36  0.03  0.32%   
The current 90-days correlation between Ab Emerging Markets and Ab Global E is 0.77 (i.e., Poor diversification). The correlation of Ab Emerging 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.

Ab Emerging Correlation With Market

Significant diversification

The correlation between Ab Emerging Markets and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ab Emerging Markets. 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 income.

Moving together with ABCEX Mutual Fund

  0.99GCEAX Ab Global EPairCorr
  0.98GCECX Ab Global EPairCorr
  0.98GCEYX Ab Global EPairCorr
  0.97AMTAX Ab All MarketPairCorr
  0.97AMTZX Ab All MarketPairCorr
  0.97AMTYX Ab All MarketPairCorr
  0.97AMTOX Ab All MarketPairCorr
  0.83ANAZX Ab Global BondPairCorr
  0.83ANAYX Ab Global BondPairCorr
  0.79ANAGX Ab Global BondPairCorr
  0.83ANAIX Ab Global BondPairCorr
  0.81ANACX Ab Global BondPairCorr
  0.81ANBIX Ab Bond InflationPairCorr
  0.94ANIAX New York MunicipalPairCorr
  0.94ANIYX New York MunicipalPairCorr
  0.94ANMCX New York MunicipalPairCorr
  0.97STEYX International StrategicPairCorr
  0.97STEZX International StrategicPairCorr
  0.97STESX International StrategicPairCorr
  0.86STHAX Ab Sustainable ThematicPairCorr
  0.86STHYX Ab Sustainable ThematicPairCorr
  0.97SCAVX Ab Small CapPairCorr
  0.97SCCVX Ab Small CapPairCorr
  0.97SCRSX Small Cap CorePairCorr
  0.98SCRYX Small Cap CorePairCorr
  0.98SCRZX Small Cap CorePairCorr
  0.97SCYVX Ab Small CapPairCorr
  0.97APGZX Ab Large CapPairCorr
  0.97APGYX Ab Large CapPairCorr
  0.97APGAX Ab Large CapPairCorr
  0.97APGCX Ab Large CapPairCorr
  0.98SUTAX Ab Sustainable ThematicPairCorr
  0.97SUTCX Ab Sustainable ThematicPairCorr
  0.97SUTZX Ab Sustainable ThematicPairCorr
  0.98APWIX Ab Servative WealthPairCorr
  0.98CHCLX Ab Discovery GrowthPairCorr
  0.98CHCIX Ab Discovery GrowthPairCorr
  0.97CHCCX Ab Discovery GrowthPairCorr
  0.97CHCYX Ab Discovery GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between ABCEX Mutual Fund performing well and Ab Emerging 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 Ab Emerging'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GCEAX  0.61  0.26  0.12 (4.98) 0.39 
 1.93 
 4.74 
GCECX  0.59  0.11  0.09  0.28  0.46 
 1.63 
 4.77 
GCEYX  0.59  0.11  0.09  0.29  0.40 
 1.58 
 4.74 
AMTAX  0.39  0.17  0.04 (6.24) 0.00 
 1.20 
 2.73 
AMTZX  0.39  0.17  0.04 (5.19) 0.00 
 1.22 
 2.78 
AMTYX  0.39  0.17  0.04 (5.33) 0.00 
 1.21 
 2.74 
AMTOX  0.37  0.11  0.00  0.58  0.00 
 1.19 
 2.18 
ANAZX  0.18  0.02 (0.53)(0.65) 0.05 
 0.44 
 0.88 
ANAYX  0.18  0.02 (0.54)(1.15) 0.09 
 0.29 
 0.88 
ANAGX  0.17  0.02 (0.58)(0.60) 0.09 
 0.29 
 0.88