Ab International Correlations

ABIAX Fund

USD 13.67 0.04 0.29%

The current 90-days correlation between Ab International Value and Ab Global E is 0.48 (i.e., Very weak diversification). The correlation of Ab International 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 International Correlation With Market

Average diversification

The correlation between Ab International Value and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab International Value 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 International Value. 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 ABIAX Mutual Fund

0.78	GCEAX	Ab Global E	Pair Corr
0.79	GCECX	Ab Global E	Pair Corr
0.77	GCEYX	Ab Global E	Pair Corr
0.79	AMTAX	Ab All Market	Pair Corr
0.79	AMTZX	Ab All Market	Pair Corr
0.79	AMTYX	Ab All Market	Pair Corr
0.79	AMTOX	Ab All Market	Pair Corr
0.79	ANBIX	Ab Bond Inflation	Pair Corr
0.82	STEYX	International Strategic	Pair Corr
0.9	STEZX	International Strategic	Pair Corr
0.9	STESX	International Strategic	Pair Corr
0.71	STHAX	Ab Sustainable Thematic	Pair Corr
0.62	STHYX	Ab Sustainable Thematic	Pair Corr

Moving against ABIAX Mutual Fund

0.68	APGCX	Ab Large Cap	Pair Corr
0.47	CHCYX	Ab Discovery Growth	Pair Corr
0.47	CHCZX	Ab Discovery Growth	Pair Corr
0.46	CHCLX	Ab Discovery Growth	Pair Corr
0.46	CHCIX	Ab Discovery Growth	Pair Corr
0.45	CHCCX	Ab Discovery Growth	Pair Corr

Related Correlations Analysis

	GCEAX	GCECX	GCEYX	AMNCX	AMNAX	AMTAX	AMTZX	AMTYX	AMTOX	ANAZX
GCEAX		1.0	1.0	0.69	0.68	0.91	0.9	0.9	0.9	0.57	GCEAX
GCECX	1.0		1.0	0.69	0.68	0.9	0.89	0.89	0.9	0.58	GCECX
GCEYX	1.0	1.0		0.68	0.67	0.91	0.91	0.91	0.91	0.55	GCEYX
AMNCX	0.69	0.69	0.68		1.0	0.62	0.61	0.61	0.62	0.91	AMNCX
AMNAX	0.68	0.68	0.67	1.0		0.61	0.6	0.6	0.6	0.91	AMNAX
AMTAX	0.91	0.9	0.91	0.62	0.61		1.0	1.0	1.0	0.44	AMTAX
AMTZX	0.9	0.89	0.91	0.61	0.6	1.0		1.0	1.0	0.42	AMTZX
AMTYX	0.9	0.89	0.91	0.61	0.6	1.0	1.0		1.0	0.43	AMTYX
AMTOX	0.9	0.9	0.91	0.62	0.6	1.0	1.0	1.0		0.43	AMTOX
ANAZX	0.57	0.58	0.55	0.91	0.91	0.44	0.42	0.43	0.43		ANAZX
	GCEAX	GCECX	GCEYX	AMNCX	AMNAX	AMTAX	AMTZX	AMTYX	AMTOX	ANAZX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

There is a big difference between ABIAX Mutual Fund performing well and Ab International 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 International'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
GCEAX	0.54	(0.12)	(1.26)	0.78	(1.24)	3.91
GCECX	0.53	(0.12)	(1.18)	0.81	(1.22)	3.89
GCEYX	0.54	(0.13)	(1.25)	0.77	(1.24)	4.40
AMNCX	0.16	(0.04)	(0.81)	0.31	(0.41)	1.15
AMNAX	0.17	(0.03)	(0.86)	0.31	(0.42)	1.15
AMTAX	0.47	(0.11)	(0.81)	0.95	(1.05)	3.46
AMTZX	0.47	(0.12)	(0.79)	0.97	(1.06)	3.42
AMTYX	0.48	(0.12)	(0.76)	0.85	(1.05)	3.48
AMTOX	0.48	(0.12)	(0.73)	0.98	(1.08)	3.45
ANAZX	0.19	(0.03)	(1.26)	0.29	(0.44)	1.16

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

2024 Macroaxis LLC