Ab Global Correlations

GCECX Fund

USD 16.91 1.78 9.52%

The current 90-days correlation between Ab Global E and Eagle Small Cap is -0.04 (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

Good diversification

The correlation between Ab Global E and DJI is -0.09 (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 world development indicators.

Moving against GCECX Mutual Fund

0.4	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.4	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.39	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.39	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.36	TRV	The Travelers Companies	Pair Corr
0.35	CSCO	Cisco Systems	Pair Corr
0.34	DD	Dupont De Nemours	Pair Corr
0.32	JNJ	Johnson Johnson	Pair Corr

Related Correlations Analysis

	HRSCX	HSCVX	GMAWX	MMSCX	QUAIX	FCSGX
HRSCX		0.45	0.71	0.71	0.76	0.71	HRSCX
HSCVX	0.45		0.84	0.46	0.66	0.86	HSCVX
GMAWX	0.71	0.84		0.62	0.87	0.88	GMAWX
MMSCX	0.71	0.46	0.62		0.7	0.43	MMSCX
QUAIX	0.76	0.66	0.87	0.7		0.79	QUAIX
FCSGX	0.71	0.86	0.88	0.43	0.79		FCSGX
	HRSCX	HSCVX	GMAWX	MMSCX	QUAIX	FCSGX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
HRSCX	0.95	0.12	0.06	0.65	1.05	(1.04)	2.15	(1.77)	5.66
HSCVX	0.73	(0.03)	(0.03)	0.04	0.91	(0.80)	1.50	(1.46)	4.19
GMAWX	0.73	(0.03)	(0.04)	0.03	0.84	(0.77)	1.82	(1.51)	3.94
MMSCX	0.83	0.04	(0.01)	0.35	1.07	(0.84)	1.78	(1.76)	4.63
QUAIX	1.16	(0.05)	(0.01)	0.03	1.69	(1.07)	2.51	(2.66)	7.26
FCSGX	0.90	0.04	0.04	0.10	1.15	(0.89)	2.04	(1.77)	5.67

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Ab Global Correlations

Ab Global Correlation With Market

Good diversification

Moving against GCECX Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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