Ab Global Correlations

Mutual Funds . USA . 
Fund . Ab Global E
GCECX Fund  USD 18.42  0.08  0.43%   
The current 90-days correlation between Ab Global E and Gmo High Yield is -0.14 (i.e., Good diversification). 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

Very poor diversification

The correlation between Ab Global E and DJI is 0.89 (i.e., Very poor 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 main economic indicators.

Moving together with GCECX Mutual Fund

  0.98GCEAX Ab Global EPairCorr
  1.0GCEYX Ab Global EPairCorr
  0.95AMTAX Ab All MarketPairCorr
  0.95AMTZX Ab All MarketPairCorr
  0.95AMTYX Ab All MarketPairCorr
  0.96AMTOX Ab All MarketPairCorr
  0.78ANAZX Ab Global BondPairCorr
  0.78ANAYX Ab Global BondPairCorr
  0.74ANAGX Ab Global BondPairCorr
  0.78ANAIX Ab Global BondPairCorr
  0.76ANACX Ab Global BondPairCorr
  0.75ANBIX Ab Bond InflationPairCorr
  0.92ANIAX New York MunicipalPairCorr
  0.93ANIYX New York MunicipalPairCorr
  0.9ANMCX New York MunicipalPairCorr
  0.95STEYX International StrategicPairCorr
  0.96STEZX International StrategicPairCorr
  0.95STESX International StrategicPairCorr
  0.79STHAX Ab Sustainable ThematicPairCorr
  0.84STHYX Ab Sustainable ThematicPairCorr
  0.97SCAVX Ab Small CapPairCorr
  0.99SCCVX Ab Small CapPairCorr
  0.99SCRSX Small Cap CorePairCorr
  0.99SCRYX Small Cap CorePairCorr
  0.99SCRZX Small Cap CorePairCorr
  0.97SCYVX Ab Small CapPairCorr
  0.99APGZX Ab Large CapPairCorr
  0.99APGYX Ab Large CapPairCorr
  0.99APGAX Ab Large CapPairCorr
  0.99APGCX Ab Large CapPairCorr
  0.98SUTAX Ab Sustainable ThematicPairCorr
  0.99SUTCX Ab Sustainable ThematicPairCorr
  0.99SUTZX Ab Sustainable ThematicPairCorr
  0.99APWIX Ab Servative WealthPairCorr
  0.98CHCLX Ab Discovery GrowthPairCorr
  0.99CHCIX Ab Discovery GrowthPairCorr
  0.99CHCCX Ab Discovery GrowthPairCorr
  0.99CHCYX Ab Discovery GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between GCECX 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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