AB HIGH Correlations

ABTYX Fund

USD 10.15 -0.10 -0.98%

Current 90-days correlation between Ab High Income and Prudential High Yield is 0.05 (i.e., Very good diversification).The correlation coefficient ranges from -1 to +1 and quantifies how closely the stock co-moves with paired assets.

Market Correlation Signal - AB HIGH

Moderate diversification

Across the chosen horizon, AB HIGH and Dow Jones show a correlation of 0.3 and fall into the Moderate diversification bucket. In portfolio terms, the overlap shows how much shared movement remains after combining both positions.

Review Trending Equities to understand diversified portfolio construction. Portfolio construction reflects how positions are combined across holdings. Tracking Ab High Income in a portfolio helps measure its contribution to overall performance. Position sizing depends on the allocation methodology selected for the portfolio. Broader economic conditions can influence Ab High Income's mutual fund valuation — related indicators include signals in small area income & poverty estimates.

Moving together with ABTYX Mutual Fund

0.96	NHMRX	Nuveen High Yield	Pair Corr
0.96	NHMFX	Nuveen High Yield	Pair Corr
0.96	ABHFX	American High Income	Pair Corr
0.96	AHICX	American High Income	Pair Corr
0.96	AMHIX	American High Income	Pair Corr
0.97	GHYCX	Goldman Sachs High	Pair Corr
0.95	GHYAX	Goldman Sachs High	Pair Corr
0.98	NHMAX	Nuveen High Yield	Pair Corr
0.98	NHCCX	Nuveen High Yield	Pair Corr
0.97	MMHDX	Mainstay High Yield	Pair Corr
0.78	LIIAX	Columbia Porate Income	Pair Corr
0.8	SRINX	Columbia Porate Income	Pair Corr
0.66	BIGPX	BlackRock Gwth Ptf	Pair Corr
0.62	DCAVX	Dunham Dynamic Macro	Pair Corr
0.81	CCCFX	Campbell Core Carry	Pair Corr
0.86	BTMSX	Baird Short Term	Pair Corr
0.62	AMFAX	Asg Managed Futures	Pair Corr
0.72	RYVAX	Energy Services Steady Growth	Pair Corr
0.82	TRRPX	TIAA Cref Real	Pair Corr
0.85	CFVLX	Value Fund	Pair Corr

Related Correlations Analysis

	THCYX	JFHYX	BCHIX	NHCCX	BUFHX	PHYZX
THCYX		0.58	1.0	0.98	0.63	0.71	THCYX
JFHYX	0.58		0.61	0.59	0.86	0.93	JFHYX
BCHIX	1.0	0.61		0.98	0.65	0.74	BCHIX
NHCCX	0.98	0.59	0.98		0.59	0.71	NHCCX
BUFHX	0.63	0.86	0.65	0.59		0.92	BUFHX
PHYZX	0.71	0.93	0.74	0.71	0.92		PHYZX
	THCYX	JFHYX	BCHIX	NHCCX	BUFHX	PHYZX

Risk-Adjusted Indicators

Strong recent returns in ABTYX Mutual Fund do not always mean AB HIGH Mutual Fund is outperforming peers on business quality. Risk-adjusted metrics help compare AB HIGH's efficiency and downside exposure against peers on a like-for-like basis. These indicators are quantitative in nature and help investors evaluate volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
THCYX	0.11	0.00	0.20	-0.39	0.16	-0.14	0.19	-0.29	0.95
JFHYX	0.12	0.00	0.16	-0.06	0.14	-0.36	0.33	-0.33	1.32
BCHIX	0.12	-0.01	0.18	-1.21	0.19	-0.16	0.21	-0.41	1.14
NHCCX	0.16	-0.01	0.00	1.70	0.00	0.00	0.43	-0.42	1.39
BUFHX	0.11	0.00	0.33	-0.02	0.10	-0.15	0.19	-0.19	0.77
PHYZX	0.12	0.00	0.23	-0.08	0.13	-0.30	0.41	-0.21	1.05

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AB HIGH Correlations

Market Correlation Signal - AB HIGH

Moving together with ABTYX Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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