Ab Global Correlations

Mutual Funds . USA . 
Fund . Ab Global E
GCEAX Fund  USD 18.08  0.27  1.52%   
The correlation of Ab Global 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 Global Correlation With Market

Almost no diversification

The correlation between Ab Global E and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Global E and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ab Global E. 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 GCEAX Mutual Fund

  1.0GCECX Ab Global EPairCorr
  1.0GCEYX Ab Global EPairCorr
  0.83AMTAX Ab All MarketPairCorr
  0.83AMTZX Ab All MarketPairCorr
  0.84AMTYX Ab All MarketPairCorr
  0.93AMTOX Ab All MarketPairCorr
  0.81STEYX International StrategicPairCorr
  0.85STEZX International StrategicPairCorr
  0.85STESX International StrategicPairCorr
  0.9SCAVX Ab Small CapPairCorr
  0.89SCCVX Ab Small CapPairCorr
  0.92SCRSX Small Cap CorePairCorr
  0.93SCRYX Small Cap CorePairCorr
  0.93SCRZX Small Cap CorePairCorr
  0.9SCYVX Ab Small CapPairCorr
  0.94APGZX Ab Large CapPairCorr
  0.94APGYX Ab Large CapPairCorr
  0.94APGAX Ab Large CapPairCorr
  0.94APGCX Ab Large CapPairCorr
  0.96SUTAX Ab Sustainable ThematicPairCorr
  0.96SUTCX Ab Sustainable ThematicPairCorr
  0.88SUTZX Ab Sustainable ThematicPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between GCEAX Mutual Fund performing well and Ab Global 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 Global'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.

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