Ab Bond Correlations

ABNZX Fund

USD 10.38 0.04 0.39%

The current 90-days correlation between Ab Bond Inflation and Ab Global E is -0.06 (i.e., Good diversification). The correlation of Ab Bond 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 Bond Correlation With Market

Good diversification

The correlation between Ab Bond Inflation 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 Bond Inflation 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 Bond Inflation. 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 ABNZX Mutual Fund

0.86	ANAZX	Ab Global Bond	Pair Corr
0.81	ANAGX	Ab Global Bond	Pair Corr
1.0	ANBIX	Ab Bond Inflation	Pair Corr
0.73	SCYVX	Ab Small Cap	Pair Corr
0.94	ABNTX	Ab Bond Inflation	Pair Corr
0.99	ABNCX	Ab Bond Inflation	Pair Corr
0.77	ABVCX	Ab Value Fund	Pair Corr
0.76	ADGAX	Ab E Opportunities	Pair Corr
0.83	AGDIX	Ab High Income	Pair Corr
0.79	AGDAX	Ab High Income	Pair Corr
0.82	AGDZX	Ab High Income	Pair Corr
0.83	CABIX	Ab Global Risk	Pair Corr
0.83	CBSYX	Ab Global Risk	Pair Corr
0.93	VTAPX	Vanguard Short Term	Pair Corr
0.98	VTSPX	Vanguard Short Term	Pair Corr
0.96	TRLDX	T Rowe Price	Pair Corr
0.95	TRBFX	T Rowe Price	Pair Corr
0.96	TRPZX	T Rowe Price	Pair Corr
0.86	FSTZX	Fidelity Series 0	Pair Corr
0.93	TIIWX	Tiaa Cref Inflation	Pair Corr
0.99	TIIHX	Tiaa Cref Inflation	Pair Corr
0.92	TIKRX	Tiaa Cref Inflation	Pair Corr
0.99	TIKPX	Tiaa Cref Inflation	Pair Corr
0.76	CPAYX	Columbia Pacific/asia	Pair Corr
0.83	CASAX	Columbia Pacific/asia	Pair Corr
0.83	CASCX	Columbia Pacificasia	Pair Corr
0.75	MMCGX	Mid Cap Growth	Pair Corr
0.75	MSKLX	Mid Cap Growth	Pair Corr
0.73	CISGX	Touchstone Sands Capital	Pair Corr
0.72	TEQAX	Touchstone Sustainability	Pair Corr
0.8	XWDIX	Western Asset Diversified	Pair Corr
0.77	IISPX	Voya Solution 2055	Pair Corr
0.69	IAF	Aberdeen Australia	Pair Corr
0.76	PSILX	Spectrum International	Pair Corr
0.82	EVFCX	Evaluator Conservative	Pair Corr

Related Correlations Analysis

	GCEAX	GCECX	GCEYX	AMTAX	AMTZX	AMTYX	AMTOX	ANAZX	ANAYX	ANAGX
GCEAX		0.98	0.98	0.96	0.96	0.96	0.96	0.77	0.77	0.73	GCEAX
GCECX	0.98		1.0	0.95	0.95	0.95	0.96	0.78	0.78	0.74	GCECX
GCEYX	0.98	1.0		0.96	0.96	0.95	0.96	0.78	0.78	0.74	GCEYX
AMTAX	0.96	0.95	0.96		1.0	1.0	0.98	0.83	0.83	0.8	AMTAX
AMTZX	0.96	0.95	0.96	1.0		1.0	0.98	0.83	0.83	0.8	AMTZX
AMTYX	0.96	0.95	0.95	1.0	1.0		0.98	0.83	0.83	0.8	AMTYX
AMTOX	0.96	0.96	0.96	0.98	0.98	0.98		0.83	0.83	0.8	AMTOX
ANAZX	0.77	0.78	0.78	0.83	0.83	0.83	0.83		1.0	0.98	ANAZX
ANAYX	0.77	0.78	0.78	0.83	0.83	0.83	0.83	1.0		0.98	ANAYX
ANAGX	0.73	0.74	0.74	0.8	0.8	0.8	0.8	0.98	0.98		ANAGX
	GCEAX	GCECX	GCEYX	AMTAX	AMTZX	AMTYX	AMTOX	ANAZX	ANAYX	ANAGX

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Risk-Adjusted Indicators

There is a big difference between ABNZX Mutual Fund performing well and Ab Bond 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 Bond'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
GCEAX	0.59	0.24	0.11	(3.11)	0.44	(0.64)	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	0.37	0.15	0.03	(3.12)	0.00	(0.46)	1.19	(0.71)	2.17
AMTZX	0.36	0.15	0.03	(2.77)	0.00	(0.44)	1.21	(0.72)	2.21
AMTYX	0.37	0.15	0.03	(2.83)	0.00	(0.46)	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	0.18	0.03	(0.45)	(0.92)	0.00	(0.25)	0.44	(0.29)	0.88
ANAYX	0.18	0.03	(0.46)	(1.84)	0.00	(0.21)	0.29	(0.29)	0.88
ANAGX	0.16	0.02	(0.49)	(1.06)	0.02	(0.21)	0.29	(0.29)	0.88

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Ab Bond Correlations

Ab Bond Correlation With Market

Good diversification

Moving together with ABNZX Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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