Abbey Capital Correlations

Mutual Funds . USA . 
Fund . Abbey Capital Multi
MAFCX Fund  USD 10.81  0.01  0.09%   
The current 90-days correlation between Abbey Capital Multi and Ab High Income is 0.43 (i.e., Very weak diversification). The correlation of Abbey Capital 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.

Abbey Capital Correlation With Market

Good diversification

The correlation between Abbey Capital Multi and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Abbey Capital Multi and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Abbey Capital Multi. 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 Abbey Mutual Fund

  1.0MAFAX Abbey Capital MultiPairCorr
  1.0MAFIX Abbey Capital MultiPairCorr
  0.96BXMYX Blackstone AlternativePairCorr
  0.61QSPRX Aqr Style PremiaPairCorr
  0.96BXMIX Blackstone AlternativePairCorr
  0.96BXMDX Blackstone AlternativePairCorr
  0.98GARTX Goldman Sachs AbsolutePairCorr
  0.96GCRTX Goldman Sachs AbsolutePairCorr
  0.92PDI Pimco Dynamic IncomePairCorr
  0.95FTCAX Templeton Strained BondPairCorr
  0.96OAAIX Oppenheimer AggrssvPairCorr
  0.97SHXYX American Beacon ShapiroPairCorr
  0.96ISGAX Voya Solution BalancedPairCorr
  0.95MECZX Amg Managers CadencePairCorr
  0.96MCYIX Mainstay CandriamPairCorr
  0.94XHYIX Western Asset HighPairCorr
  0.91RVPHX Royce Smaller CompaniesPairCorr
  0.96VFIAX Vanguard 500 IndexPairCorr
  0.75PINFX Invesco Multi AssetPairCorr
  0.96VWWOX VwwoxPairCorr
  0.98VLSMX Valic Company IPairCorr
  0.89KNGLX Cboe Vest SpPairCorr
  0.96LEKKX Blackrock Lifepath EsgPairCorr
  0.94PPNMX Smallcap GrowthPairCorr
  0.96USDIX Ubs Ultra ShortPairCorr

Moving against Abbey Mutual Fund

  0.92USPSX Profunds UltrashortPairCorr
  0.78TCTGX Transamerica CleartrackPairCorr
  0.77TDKTX Cleartrack 2015 ClassPairCorr
  0.58ABYCX Abbey Capital FuturesPairCorr
  0.51ABYAX Abbey Capital FuturesPairCorr
  0.5ABYIX Abbey Capital FuturesPairCorr
  0.94USPIX Profunds UltrashortPairCorr
  0.91UIPIX Ultrashort Mid CapPairCorr
  0.77TCTJX Transamerica CleartrackPairCorr
  0.75TCSUX Cleartrack 2020 ClassPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Abbey Mutual Fund performing well and Abbey Capital 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 Abbey Capital'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY