Ab Global Correlations

GCEAX Fund

USD 18.78 0.23 1.21%

The current 90-days correlation between Ab Global E and Calamos Dynamic Convertible is 0.08 (i.e., Significant diversification). The correlation of Ab Global 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 Global Correlation With Market

Good diversification

The correlation between Ab Global E and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Global E and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ab Global E. 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 nation.

Moving together with GCEAX Mutual Fund

0.74	GCECX	Ab Global E	Pair Corr
0.76	GCEYX	Ab Global E	Pair Corr
0.63	STEZX	International Strategic	Pair Corr
0.61	STHAX	Ab Sustainable Thematic	Pair Corr
0.66	SCRSX	Small Cap Core	Pair Corr
0.67	APGZX	Ab Large Cap	Pair Corr
0.67	APGYX	Ab Large Cap	Pair Corr
0.67	APGCX	Ab Large Cap	Pair Corr
0.68	APWIX	Ab Servative Wealth	Pair Corr
0.75	CHCLX	Ab Discovery Growth	Pair Corr
0.75	CHCIX	Ab Discovery Growth	Pair Corr
0.75	CHCYX	Ab Discovery Growth	Pair Corr
0.75	CHCZX	Ab Discovery Growth	Pair Corr

Related Correlations Analysis

	CCD	NCZ	VAADX	GCV	ARBOX	PBXIX	PCNTX	NCIDX
CCD		0.95	0.93	0.94	0.88	0.15	0.93	0.94	CCD
NCZ	0.95		0.9	0.88	0.88	0.21	0.89	0.89	NCZ
VAADX	0.93	0.9		0.94	0.97	0.19	0.87	0.99	VAADX
GCV	0.94	0.88	0.94		0.91	0.12	0.93	0.96	GCV
ARBOX	0.88	0.88	0.97	0.91		0.1	0.82	0.94	ARBOX
PBXIX	0.15	0.21	0.19	0.12	0.1		0.17	0.18	PBXIX
PCNTX	0.93	0.89	0.87	0.93	0.82	0.17		0.9	PCNTX
NCIDX	0.94	0.89	0.99	0.96	0.94	0.18	0.9		NCIDX
	CCD	NCZ	VAADX	GCV	ARBOX	PBXIX	PCNTX	NCIDX

Risk-Adjusted Indicators

There is a big difference between GCEAX Mutual Fund performing well and Ab Global 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 Global'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
CCD	0.74	0.01	0.00	0.04	1.08	(0.71)	1.60	(2.05)	4.71
NCZ	0.75	0.04	0.03	0.07	1.01	(0.71)	1.80	(1.57)	4.72
VAADX	0.64	0.11	0.08	7.68	0.80	(0.66)	1.20	(1.58)	4.60
GCV	0.77	0.05	0.03	0.18	0.96	(0.80)	1.49	(1.71)	4.54
ARBOX	0.06	0.02	(0.12)	0.37	0.00	(0.10)	0.17	(0.08)	0.34
PBXIX	0.34	(0.01)	0.00	0.54	0.00	0.00	0.72	(0.72)	2.43
PCNTX	0.59	(0.02)	(0.03)	0.01	0.84	(0.58)	1.20	(1.25)	4.49
NCIDX	0.64	0.07	0.04	6.50	0.83	(0.64)	1.32	(1.51)	4.80

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Ab Global Correlations

Ab Global Correlation With Market

Good diversification

Moving together with GCEAX Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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