Ab Value Correlations

Mutual Funds . USA . 
Fund . Ab Value Fund
ABVCX Fund  USD 18.01  0.01  0.06%   
The current 90-days correlation between Ab Value Fund and Ab Global E is 0.87 (i.e., Very poor diversification). The correlation of Ab Value 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 Value Correlation With Market

Good diversification

The correlation between Ab Value Fund and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Value Fund 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 Value Fund. 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 main economic indicators.

Moving together with ABVCX Mutual Fund

  0.98GCEAX Ab Global EPairCorr
  0.96GCECX Ab Global EPairCorr
  0.96GCEYX Ab Global EPairCorr
  0.95AMTAX Ab All MarketPairCorr
  0.95AMTZX Ab All MarketPairCorr
  0.95AMTYX Ab All MarketPairCorr
  0.94AMTOX Ab All MarketPairCorr
  0.8ANAZX Ab Global BondPairCorr
  0.8ANAYX Ab Global BondPairCorr
  0.75ANAGX Ab Global BondPairCorr
  0.8ANAIX Ab Global BondPairCorr
  0.77ANACX Ab Global BondPairCorr
  0.77ANBIX Ab Bond InflationPairCorr
  0.91ANIAX New York MunicipalPairCorr
  0.91ANIYX New York MunicipalPairCorr
  0.89ANMCX New York MunicipalPairCorr
  0.93STEYX International StrategicPairCorr
  0.92STEZX International StrategicPairCorr
  0.93STESX International StrategicPairCorr
  0.8STHAX Ab Sustainable ThematicPairCorr
  0.87STHYX Ab Sustainable ThematicPairCorr
  0.97SCAVX Ab Small CapPairCorr
  0.94SCCVX Ab Small CapPairCorr
  0.95SCRSX Small Cap CorePairCorr
  0.95SCRYX Small Cap CorePairCorr
  0.95SCRZX Small Cap CorePairCorr
  0.97SCYVX Ab Small CapPairCorr
  0.95APGZX Ab Large CapPairCorr
  0.95APGYX Ab Large CapPairCorr
  0.95APGAX Ab Large CapPairCorr
  0.95APGCX Ab Large CapPairCorr
  0.97SUTAX Ab Sustainable ThematicPairCorr
  0.96SUTCX Ab Sustainable ThematicPairCorr
  0.96SUTZX Ab Sustainable ThematicPairCorr
  0.96APWIX Ab Servative WealthPairCorr
  0.97CHCLX Ab Discovery GrowthPairCorr
  0.94CHCIX Ab Discovery GrowthPairCorr
  0.94CHCCX Ab Discovery GrowthPairCorr
  0.95CHCYX Ab Discovery GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between ABVCX Mutual Fund performing well and Ab Value 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 Value'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  0.24  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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