Ab Global Correlations

Mutual Funds . USA . 
Fund . Ab Global E
GCEYX Fund  USD 19.10  0.09  0.47%   
The current 90-days correlation between Ab Global E and Siit Equity Factor is -0.07 (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 manufacturing.

Moving together with GCEYX Mutual Fund

  0.98GCEAX Ab Global EPairCorr
  1.0GCECX Ab Global EPairCorr
  0.95AMTAX Ab All MarketPairCorr
  0.95AMTZX Ab All MarketPairCorr
  0.95AMTYX Ab All MarketPairCorr
  0.96AMTOX Ab All MarketPairCorr
  0.79ANAZX Ab Global BondPairCorr
  0.79ANAYX Ab Global BondPairCorr
  0.76ANAGX Ab Global BondPairCorr
  0.79ANAIX Ab Global BondPairCorr
  0.78ANACX Ab Global BondPairCorr
  0.77ANBIX Ab Bond InflationPairCorr
  0.93ANIAX New York MunicipalPairCorr
  0.93ANIYX New York MunicipalPairCorr
  0.91ANMCX New York MunicipalPairCorr
  0.95STEYX International StrategicPairCorr
  0.96STEZX International StrategicPairCorr
  0.96STESX International StrategicPairCorr
  0.82STHAX Ab Sustainable ThematicPairCorr
  0.83STHYX Ab Sustainable ThematicPairCorr
  0.97SCAVX Ab Small CapPairCorr
  0.97SCCVX Ab Small CapPairCorr
  0.99SCRSX Small Cap CorePairCorr
  0.98SCRYX Small Cap CorePairCorr
  0.98SCRZX Small Cap CorePairCorr
  0.97SCYVX Ab Small CapPairCorr
  0.99APGZX Ab Large CapPairCorr
  0.99APGYX Ab Large CapPairCorr
  0.97APGAX 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
  0.98CHCIX 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 GCEYX 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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