Ab All Correlations
| AMTAX Fund | USD 9.74 0.05 0.52% |
The current 90-days correlation between Ab All Market and First American Funds is -0.05 (i.e., Good diversification). The correlation of Ab All 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 All Correlation With Market
Very poor diversification
The correlation between Ab All Market and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab All Market and DJI in the same portfolio, assuming nothing else is changed.
AMTAX |
Moving together with AMTAX Mutual Fund
| 0.88 | GCEAX | Ab Global E | PairCorr |
| 0.88 | GCECX | Ab Global E | PairCorr |
| 0.88 | GCEYX | Ab Global E | PairCorr |
| 1.0 | AMTZX | Ab All Market | PairCorr |
| 1.0 | AMTYX | Ab All Market | PairCorr |
| 0.92 | AMTOX | Ab All Market | PairCorr |
| 0.82 | STEYX | International Strategic | PairCorr |
| 0.82 | STEZX | International Strategic | PairCorr |
| 0.82 | STESX | International Strategic | PairCorr |
| 0.81 | SCAVX | Ab Small Cap | PairCorr |
| 0.81 | SCCVX | Ab Small Cap | PairCorr |
| 0.84 | SCRSX | Small Cap Core | PairCorr |
| 0.84 | SCRYX | Small Cap Core | PairCorr |
| 0.84 | SCRZX | Small Cap Core | PairCorr |
| 0.81 | SCYVX | Ab Small Cap | PairCorr |
| 0.8 | APGZX | Ab Large Cap | PairCorr |
| 0.8 | APGYX | Ab Large Cap | PairCorr |
| 0.8 | APGAX | Ab Large Cap | PairCorr |
| 0.8 | APGCX | Ab Large Cap | PairCorr |
| 0.85 | SUTAX | Ab Sustainable Thematic | PairCorr |
| 0.85 | SUTCX | Ab Sustainable Thematic | PairCorr |
| 0.85 | SUTZX | Ab Sustainable Thematic | PairCorr |
Related Correlations Analysis
| 0.87 | 1.0 | 0.64 | 1.0 | 0.89 | 0.89 | FODXX | ||
| 0.87 | 0.87 | 0.51 | 0.87 | 0.82 | 0.83 | VSLXX | ||
| 1.0 | 0.87 | 0.64 | 1.0 | 0.89 | 0.89 | APHXX | ||
| 0.64 | 0.51 | 0.64 | 0.64 | 0.73 | 0.66 | SWGXX | ||
| 1.0 | 0.87 | 1.0 | 0.64 | 0.89 | 0.89 | WGEXX | ||
| 0.89 | 0.82 | 0.89 | 0.73 | 0.89 | 0.76 | NCGXX | ||
| 0.89 | 0.83 | 0.89 | 0.66 | 0.89 | 0.76 | TRZFX | ||
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Risk-Adjusted Indicators
There is a big difference between AMTAX Mutual Fund performing well and Ab All 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 All'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FODXX | 0.03 | 0.01 | 0.00 | 0.42 | 0.00 | 0.00 | 1.01 | |||
| VSLXX | 0.03 | 0.01 | 0.00 | 0.31 | 0.00 | 0.00 | 1.01 | |||
| APHXX | 0.03 | 0.01 | 0.00 | 0.42 | 0.00 | 0.00 | 1.01 | |||
| SWGXX | 0.03 | 0.01 | 0.00 | (0.52) | 0.00 | 0.00 | 1.01 | |||
| WGEXX | 0.03 | 0.01 | 0.00 | 0.42 | 0.00 | 0.00 | 1.01 | |||
| NCGXX | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | |||
| TRZFX | 0.31 | 0.06 | 0.00 | 4.17 | 0.18 | 0.83 | 1.94 |