Ab Large Correlations

APGAX Fund

USD 99.39 0.38 0.38%

The current 90-days correlation between Ab Large Cap and Ab Sustainable Global is 0.96 (i.e., Almost no diversification). The correlation of Ab Large 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 Large Correlation With Market

Almost no diversification

The correlation between Ab Large Cap and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Large Cap 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 Large Cap. 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 APGAX Mutual Fund

0.95	GCEAX	Ab Global E	Pair Corr
0.94	GCECX	Ab Global E	Pair Corr
0.95	GCEYX	Ab Global E	Pair Corr
0.87	AMTAX	Ab All Market	Pair Corr
0.87	AMTZX	Ab All Market	Pair Corr
0.87	AMTYX	Ab All Market	Pair Corr
0.87	AMTOX	Ab All Market	Pair Corr
0.87	STEYX	International Strategic	Pair Corr
0.86	STEZX	International Strategic	Pair Corr
0.94	STESX	International Strategic	Pair Corr
0.81	SCAVX	Ab Small Cap	Pair Corr
0.81	SCCVX	Ab Small Cap	Pair Corr
0.9	SCRSX	Small Cap Core	Pair Corr
0.9	SCRYX	Small Cap Core	Pair Corr
0.9	SCRZX	Small Cap Core	Pair Corr
0.82	SCYVX	Ab Small Cap	Pair Corr
1.0	APGZX	Ab Large Cap	Pair Corr
1.0	APGYX	Ab Large Cap	Pair Corr
1.0	APGCX	Ab Large Cap	Pair Corr
0.95	SUTAX	Ab Sustainable Thematic	Pair Corr
0.95	SUTCX	Ab Sustainable Thematic	Pair Corr
0.95	SUTZX	Ab Sustainable Thematic	Pair Corr

Moving against APGAX Mutual Fund

0.41	AAZCX	Ab Arizona Portfolio	Pair Corr
0.41	AAZAX	Ab Arizona Portfolio	Pair Corr
0.36	AAZYX	Ab Municipal Income	Pair Corr

Related Correlations Analysis

	ALTFX	CABDX	AGRFX	QUASX	AWPAX
ALTFX		0.83	0.9	0.98	0.89	ALTFX
CABDX	0.83		0.65	0.88	0.6	CABDX
AGRFX	0.9	0.65		0.86	0.95	AGRFX
QUASX	0.98	0.88	0.86		0.83	QUASX
AWPAX	0.89	0.6	0.95	0.83		AWPAX
	ALTFX	CABDX	AGRFX	QUASX	AWPAX

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Risk-Adjusted Indicators

There is a big difference between APGAX Mutual Fund performing well and Ab Large 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 Large'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
ALTFX	1.09	0.15	0.08	0.15	1.65	(1.14)	2.08	(1.74)	12.17
CABDX	1.00	0.02	0.01	0.02	1.53	(1.11)	1.82	(1.73)	9.28
AGRFX	1.26	0.19	0.09	(1.53)	1.81	(1.20)	2.58	(2.49)	13.75
QUASX	1.58	0.20	0.08	(1.45)	2.17	(1.60)	3.12	(3.20)	15.25
AWPAX	0.84	0.16	0.10	2.32	1.21	(0.85)	1.80	(1.70)	8.52

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