Ab Emerging Correlations

Mutual Funds . USA . 
Fund . Ab Emerging Markets
ABIEX Fund  USD 9.36  0.01  0.11%   
The current 90-days correlation between Ab Emerging Markets and Ab Global E is 0.76 (i.e., Poor diversification). The correlation of Ab Emerging 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 Emerging Correlation With Market

Very weak diversification

The correlation between Ab Emerging Markets and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Emerging Markets 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 Emerging Markets. 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 income.

Moving together with ABIEX Mutual Fund

  0.99GCEAX Ab Global EPairCorr
  0.99GCECX Ab Global EPairCorr
  0.99GCEYX Ab Global EPairCorr
  0.97AMTAX Ab All MarketPairCorr
  0.97AMTZX Ab All MarketPairCorr
  0.97AMTYX Ab All MarketPairCorr
  0.97AMTOX Ab All MarketPairCorr
  0.8ANAZX Ab Global BondPairCorr
  0.8ANAYX Ab Global BondPairCorr
  0.75ANAGX Ab Global BondPairCorr
  0.8ANAIX Ab Global BondPairCorr
  0.78ANACX Ab Global BondPairCorr
  0.78ANBIX Ab Bond InflationPairCorr
  0.93ANIAX New York MunicipalPairCorr
  0.93ANIYX New York MunicipalPairCorr
  0.9ANMCX New York MunicipalPairCorr
  0.97STEYX International StrategicPairCorr
  0.97STEZX International StrategicPairCorr
  0.97STESX International StrategicPairCorr
  0.83STHAX Ab Sustainable ThematicPairCorr
  0.84STHYX Ab Sustainable ThematicPairCorr
  0.97SCAVX Ab Small CapPairCorr
  0.97SCCVX Ab Small CapPairCorr
  0.98SCRSX Small Cap CorePairCorr
  0.98SCRYX Small Cap CorePairCorr
  0.98SCRZX Small Cap CorePairCorr
  0.97SCYVX Ab Small CapPairCorr
  0.98APGZX Ab Large CapPairCorr
  0.98APGYX Ab Large CapPairCorr
  0.98APGAX Ab Large CapPairCorr
  0.98APGCX Ab Large CapPairCorr
  0.98SUTAX Ab Sustainable ThematicPairCorr
  0.98SUTCX Ab Sustainable ThematicPairCorr
  0.98SUTZX Ab Sustainable ThematicPairCorr
  0.98APWIX Ab Servative WealthPairCorr
  0.98CHCLX Ab Discovery GrowthPairCorr
  0.98CHCIX Ab Discovery GrowthPairCorr
  0.98CHCCX Ab Discovery GrowthPairCorr
  0.98CHCYX Ab Discovery GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between ABIEX Mutual Fund performing well and Ab Emerging 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 Emerging'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GCEAX  0.59  0.10  0.09  0.26  0.47 
(0.63)
 1.64 
(1.29)
 4.74 
GCECX  0.59  0.10  0.09  0.25  0.51 
(0.65)
 1.63 
(1.33)
 4.77 
GCEYX  0.59  0.10  0.09  0.26  0.43 
(0.65)
 1.58 
(1.29)
 4.74 
AMTAX  0.36  0.10  0.01  0.56  0.00 
(0.44)
 1.19 
(0.71)
 2.17 
AMTZX  0.36  0.10  0.01  0.54  0.00 
(0.43)
 1.21 
(0.72)
 2.21 
AMTYX  0.36  0.10  0.01  0.56  0.00 
(0.45)
 1.09 
(0.71)
 2.25 
AMTOX  0.36  0.10  0.01  0.55  0.00 
(0.43)
 1.19 
(0.68)
 2.18 
ANAZX  0.17  0.01 (0.47) 0.27  0.05 
(0.24)
 0.44 
(0.29)
 0.88 
ANAYX  0.17  0.01 (0.49) 0.32  0.08 
(0.21)
 0.29 
(0.29)
 0.87 
ANAGX  0.16  0.00 (0.52) 0.20  0.08 
(0.20)
 0.29 
(0.29)
 0.73 

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