Ab Small Correlations

Mutual Funds . USA . 
Fund . Ab Small Cap
QUAIX Fund  USD 70.66  0.80  1.15%   
The current 90-days correlation between Ab Small Cap and Tiaa Cref Lifestyle Moderate is 0.93 (i.e., Almost no diversification). The correlation of Ab Small 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 Small Correlation With Market

Good diversification

The correlation between Ab Small Cap 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 Small Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ab Small Cap. 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 QUAIX Mutual Fund

  0.92AMTOX Ab All MarketPairCorr
  0.95SCYVX Ab Small CapPairCorr
  0.99ASCLX Ab Select LongshortPairCorr
  0.96ABAEX Ab Emerging MarketsPairCorr
  0.88ABVCX Ab Value FundPairCorr
  0.97ABWYX Ab All MarketPairCorr
  0.89ABYSX Ab Discovery ValuePairCorr
  0.98AUIAX Ab Equity IncomePairCorr
  0.65AUNTX Ab Municipal BondPairCorr
  0.94AUUIX Ab Select EquityPairCorr
  0.94AUUYX Ab Select EquityPairCorr
  0.91AWPIX Ab International GrowthPairCorr
  1.0QUAZX Ab Small CapPairCorr
  0.95AGDAX Ab High IncomePairCorr
  0.95AGDZX Ab High IncomePairCorr
  0.63SNCAX California MunicipalPairCorr
  0.95SNEMX Emerging Markets PorPairCorr
  0.62AICYX California MunicipalPairCorr
  0.93CABIX Ab Global RiskPairCorr
  0.97WPASX Ab Centrated GrowthPairCorr
  0.9CBSYX Ab Global RiskPairCorr
  0.97WPSZX Ab Centrated GrowthPairCorr
  0.99VSGAX Vanguard Small CapPairCorr
  0.94VSGIX Vanguard Small CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between QUAIX Mutual Fund performing well and Ab Small 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 Small'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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