Ab Value Correlations

Mutual Funds . USA . 
Fund . Ab Value Fund
ABVCX Fund  USD 18.65  0.06  0.32%   
The current 90-days correlation between Ab Value Fund and Ab Global E is -0.11 (i.e., Good diversification). The correlation of Ab Value 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 Value Correlation With Market

Almost no diversification

The correlation between Ab Value Fund and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Value Fund 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 Value Fund. 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 goods.

Moving together with ABVCX Mutual Fund

  0.9GCEAX Ab Global EPairCorr
  0.91GCECX Ab Global EPairCorr
  0.92GCEYX Ab Global EPairCorr
  0.94AMTAX Ab All MarketPairCorr
  0.94AMTZX Ab All MarketPairCorr
  0.95AMTYX Ab All MarketPairCorr
  0.94AMTOX Ab All MarketPairCorr
  0.78ANAZX Ab Global BondPairCorr
  0.8ANAYX Ab Global BondPairCorr
  0.81ANAGX Ab Global BondPairCorr
  0.78ANAIX Ab Global BondPairCorr
  0.81ANACX Ab Global BondPairCorr
  0.9ANBIX Ab Bond InflationPairCorr
  0.87ANIAX New York MunicipalPairCorr
  0.89ANIYX New York MunicipalPairCorr
  0.84ANMCX New York MunicipalPairCorr
  0.93STEYX International StrategicPairCorr
  0.93STEZX International StrategicPairCorr
  0.93STESX International StrategicPairCorr
  0.87STHAX Ab Sustainable ThematicPairCorr
  0.86STHYX Ab Sustainable ThematicPairCorr
  0.87SCAVX Ab Small CapPairCorr
  0.91SCCVX Ab Small CapPairCorr
  0.96SCRSX Small Cap CorePairCorr
  0.96SCRYX Small Cap CorePairCorr
  0.96SCRZX Small Cap CorePairCorr
  0.91SCYVX Ab Small CapPairCorr
  0.95APGZX Ab Large CapPairCorr
  0.95APGYX Ab Large CapPairCorr
  0.93APGAX Ab Large CapPairCorr
  0.95APGCX Ab Large CapPairCorr
  0.93SUTAX Ab Sustainable ThematicPairCorr
  0.93SUTCX Ab Sustainable ThematicPairCorr
  0.93SUTZX Ab Sustainable ThematicPairCorr
  0.97APWIX Ab Servative WealthPairCorr
  0.92CHCLX Ab Discovery GrowthPairCorr
  0.92CHCIX Ab Discovery GrowthPairCorr
  0.9CHCCX Ab Discovery GrowthPairCorr
  0.95CHCYX Ab Discovery GrowthPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between ABVCX Mutual Fund performing well and Ab Value 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 Value'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  0.51  0.09 (0.05)(0.61) 0.50 
(0.55)
 1.08 
(0.92)
 2.81 
GCECX  0.50 (0.01)(0.05) 0.10  0.48 
(0.58)
 1.05 
(0.91)
 2.79 
GCEYX  0.50 (0.01)(0.04) 0.10  0.48 
(0.55)
 1.02 
(0.92)
 2.70 
AMTAX  0.36  0.08 (0.05) 4.14  0.35 
(0.40)
 0.93 
(0.71)
 2.48 
AMTZX  0.35  0.05 (0.03) 0.22  0.26 
(0.38)
 0.84 
(0.72)
 2.42 
AMTYX  0.34  0.05 (0.03) 0.24  0.24 
(0.39)
 0.83 
(0.71)
 2.49 
AMTOX  0.35  0.05 (0.03) 0.22  0.34 
(0.38)
 0.85 
(0.73)
 2.33 
ANAZX  0.14  0.01 (0.49) 0.25  0.00 
(0.21)
 0.29 
(0.29)
 0.73 
ANAYX  0.15  0.02 (0.48)(0.66) 0.00 
(0.21)
 0.29 
(0.29)
 0.73 
ANAGX  0.14  0.02 (0.49)(0.77) 0.00 
(0.21)
 0.29 
(0.29)
 0.73 

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