Ab High Correlations
| ABTYX Fund | USD 9.76 0.03 0.31% |
The current 90-days correlation between Ab High Income and Columbia Global Technology is 0.04 (i.e., Significant diversification). The correlation of Ab High 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 High Correlation With Market
Good diversification
The correlation between Ab High Income and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab High Income and DJI in the same portfolio, assuming nothing else is changed.
ABTYX |
Moving together with ABTYX Mutual Fund
| 0.62 | ANIAX | New York Municipal | PairCorr |
| 0.65 | ANMCX | New York Municipal | PairCorr |
| 0.79 | ANYCX | Ab New York | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between ABTYX Mutual Fund performing well and Ab High 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 High'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CMTFX | 0.94 | 0.42 | 0.25 | (7.41) | 0.68 | 2.56 | 6.59 | |||
| HTECX | 0.95 | 0.21 | 0.21 | 0.33 | 0.58 | 2.39 | 7.03 | |||
| GISTX | 0.91 | 0.26 | 0.24 | 0.38 | 0.56 | 2.79 | 6.57 | |||
| MTCCX | 0.87 | 0.20 | 0.19 | 0.33 | 0.65 | 2.49 | 6.09 | |||
| DTEYX | 0.99 | 0.28 | 0.30 | 0.40 | 0.51 | 3.07 | 6.30 | |||
| JGLTX | 0.86 | 0.28 | 0.25 | 0.41 | 0.57 | 2.24 | 5.81 | |||
| JNGTX | 0.86 | 0.42 | 0.26 | (9.21) | 0.58 | 2.30 | 5.89 | |||
| ITYYX | 0.93 | 0.29 | 0.27 | 0.42 | 0.59 | 2.70 | 6.21 |