Ab Global Correlations

Mutual Funds . USA . 
Fund . Ab Global E
GCECX Fund  USD 18.49  0.05  0.27%   
The current 90-days correlation between Ab Global E and Delaware Healthcare Fund is -0.16 (i.e., Good 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

Almost no diversification

The correlation between Ab Global E and DJI is 0.96 (i.e., Almost no 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 main economic indicators.

Moving together with GCECX Mutual Fund

  0.96GCEAX Ab Global EPairCorr
  1.0GCEYX Ab Global EPairCorr
  0.91AMTAX Ab All MarketPairCorr
  0.91AMTZX Ab All MarketPairCorr
  0.96AMTYX Ab All MarketPairCorr
  0.96AMTOX Ab All MarketPairCorr
  0.64ANAYX Ab Global BondPairCorr
  0.64ANAIX Ab Global BondPairCorr
  0.94STEYX International StrategicPairCorr
  0.96STEZX International StrategicPairCorr
  0.96STESX International StrategicPairCorr
  0.63STHYX Ab Sustainable ThematicPairCorr
  0.91SCAVX Ab Small CapPairCorr
  0.9SCCVX Ab Small CapPairCorr
  0.94SCRSX Small Cap CorePairCorr
  0.94SCRYX Small Cap CorePairCorr
  0.94SCRZX Small Cap CorePairCorr
  0.91SCYVX Ab Small CapPairCorr
  0.98APGZX Ab Large CapPairCorr
  0.98APGYX Ab Large CapPairCorr
  0.95APGAX Ab Large CapPairCorr
  0.98APGCX Ab Large CapPairCorr
  0.95SUTAX Ab Sustainable ThematicPairCorr
  0.95SUTCX Ab Sustainable ThematicPairCorr
  0.99SUTZX Ab Sustainable ThematicPairCorr
  0.99APWIX Ab Servative WealthPairCorr
  0.96CHCIX Ab Discovery GrowthPairCorr
  0.95CHCCX Ab Discovery GrowthPairCorr
  0.99CHCYX Ab Discovery GrowthPairCorr
  0.92CIAGX Ab Centrated InternaPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between GCECX 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.

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