Abbey Capital Correlations

ABYIX Fund

USD 10.99 0.07 0.64%

The current 90-days correlation between Abbey Capital Futures and Abbey Capital Futures is 0.04 (i.e., Significant diversification). The correlation of Abbey Capital 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.

Abbey Capital Correlation With Market

Very weak diversification

The correlation between Abbey Capital Futures and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Abbey Capital Futures 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 Abbey Capital Futures. 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 gross domestic product.

Moving together with Abbey Mutual Fund

0.86	AMFNX	Asg Managed Futures	Pair Corr
0.78	AMFAX	Asg Managed Futures	Pair Corr
0.77	ASFCX	Asg Managed Futures	Pair Corr
0.86	ASFYX	Asg Managed Futures	Pair Corr
0.85	ABYAX	Abbey Capital Futures	Pair Corr
0.91	ABYCX	Abbey Capital Futures	Pair Corr
0.8	AHLPX	American Beacon Ahl	Pair Corr
0.7	LFMIX	Locorr Macro Strategies	Pair Corr
0.68	CVMAX	Calvert Emerging Markets	Pair Corr
0.65	TMUUX	Municipal Bond	Pair Corr
0.75	NCIDX	Columbia Convertible	Pair Corr
0.63	PRTMX	T Rowe Price	Pair Corr
0.63	FCMAX	Fidelity California	Pair Corr
0.61	PBCAX	Prudential California	Pair Corr

Moving against Abbey Mutual Fund

0.35	NHS	Neuberger Berman High	Pair Corr
0.33	OSPSX	Oppenheimer Steelpath Mlp	Pair Corr

Related Correlations Analysis

	ABYIX	ABYAX	ABYCX	MAFAX	MAFCX	MAFIX
ABYIX		0.85	0.91	0.65	0.62	0.65	ABYIX
ABYAX	0.85		0.92	0.46	0.56	0.47	ABYAX
ABYCX	0.91	0.92		0.55	0.67	0.55	ABYCX
MAFAX	0.65	0.46	0.55		0.87	1.0	MAFAX
MAFCX	0.62	0.56	0.67	0.87		0.87	MAFCX
MAFIX	0.65	0.47	0.55	1.0	0.87		MAFIX
	ABYIX	ABYAX	ABYCX	MAFAX	MAFCX	MAFIX

Risk-Adjusted Indicators

There is a big difference between Abbey Mutual Fund performing well and Abbey Capital 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 Abbey Capital'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
ABYIX	0.41	0.00	(0.10)	0.10	0.45	(0.47)	0.91	(0.99)	2.62
ABYAX	0.41	0.03	(0.12)	(0.45)	0.45	(0.49)	0.91	(1.00)	2.63
ABYCX	0.40	0.03	(0.11)	1.05	0.45	(0.46)	0.95	(0.86)	2.57
MAFAX	0.85	(0.14)	0.00	(0.05)	0.00	0.00	1.35	(1.52)	12.35
MAFCX	0.86	(0.06)	0.00	(0.68)	0.00	0.00	1.31	(1.48)	12.45
MAFIX	0.85	(0.14)	0.00	(0.05)	0.00	0.00	1.35	(1.51)	12.26

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