Ab Select Correlations

Mutual Funds . USA . 
Fund . Ab Select Equity
AUUIX Fund  USD 24.38  0.06  0.25%   
The current 90-days correlation between Ab Select Equity and Ridgeworth Seix Government is -0.18 (i.e., Good diversification). The correlation of Ab Select 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 Select Correlation With Market

Very poor diversification

The correlation between Ab Select Equity and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Select Equity 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 Select Equity. 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 inflation.

Moving together with AUUIX Mutual Fund

  0.67GCEAX Ab Global EPairCorr
  0.67GCECX Ab Global EPairCorr
  0.7GCEYX Ab Global EPairCorr
  0.92AMTOX Ab All MarketPairCorr
  0.82ANAZX Ab Global BondPairCorr
  0.84ANAGX Ab Global BondPairCorr
  0.82ANAIX Ab Global BondPairCorr
  0.85ANACX Ab Global BondPairCorr
  0.94ANBIX Ab Bond InflationPairCorr
  0.95STEYX International StrategicPairCorr
  0.95STEZX International StrategicPairCorr
  0.67STESX International StrategicPairCorr
  0.88STHAX Ab Sustainable ThematicPairCorr
  0.85SCYVX Ab Small CapPairCorr
  0.7APGZX Ab Large CapPairCorr
  0.75APGYX Ab Large CapPairCorr
  0.7APGAX Ab Large CapPairCorr
  0.7APGCX Ab Large CapPairCorr
  0.67SUTAX Ab Sustainable ThematicPairCorr
  0.67SUTCX Ab Sustainable ThematicPairCorr
  0.67SUTZX Ab Sustainable ThematicPairCorr
  0.72APWIX Ab Servative WealthPairCorr
  0.64CHCLX Ab Discovery GrowthPairCorr
  0.69CHCIX Ab Discovery GrowthPairCorr
  0.7CHCCX Ab Discovery GrowthPairCorr
  0.7CHCYX Ab Discovery GrowthPairCorr
  0.64CHCZX Ab Discovery GrowthPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between AUUIX Mutual Fund performing well and Ab Select 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 Select'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.

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