Ab International Correlations

ABICX Fund

USD 15.33 0.10 0.65%

The current 90-days correlation between Ab International Value and Angel Oak Financial is 0.28 (i.e., Modest 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

Good diversification

The correlation between Ab International Value and DJI is -0.2 (i.e., Good 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 main economic indicators.

Moving together with ABICX Mutual Fund

0.68	GCEAX	Ab Global E	Pair Corr
0.67	GCECX	Ab Global E	Pair Corr
0.69	GCEYX	Ab Global E	Pair Corr
0.71	AMTAX	Ab All Market	Pair Corr
0.76	AMTZX	Ab All Market	Pair Corr
0.72	AMTYX	Ab All Market	Pair Corr
0.71	AMTOX	Ab All Market	Pair Corr
0.81	ANAZX	Ab Global Bond	Pair Corr
0.8	ANAYX	Ab Global Bond	Pair Corr
0.81	ANAGX	Ab Global Bond	Pair Corr
0.8	ANAIX	Ab Global Bond	Pair Corr
0.76	ANACX	Ab Global Bond	Pair Corr
0.95	ANBIX	Ab Bond Inflation	Pair Corr
0.71	ANIAX	New York Municipal	Pair Corr
0.64	ANJAX	Ab New Jersey	Pair Corr
0.71	ANIYX	New York Municipal	Pair Corr
0.64	ANMCX	New York Municipal	Pair Corr
0.96	STEYX	International Strategic	Pair Corr
0.96	STEZX	International Strategic	Pair Corr
0.96	STESX	International Strategic	Pair Corr
0.87	STHAX	Ab Sustainable Thematic	Pair Corr
0.87	STHYX	Ab Sustainable Thematic	Pair Corr
0.65	AOHAX	Ab Ohio Portfolio	Pair Corr
0.8	APAAX	Ab Pennsylvania Portfolio	Pair Corr
0.76	APACX	Ab Pennsylvania Portfolio	Pair Corr

Moving against ABICX Mutual Fund

0.7	SCAVX	Ab Small Cap	Pair Corr
0.7	SCCVX	Ab Small Cap	Pair Corr
0.64	SCRSX	Small Cap Core	Pair Corr
0.64	SCRYX	Small Cap Core	Pair Corr
0.7	SCYVX	Ab Small Cap	Pair Corr
0.7	SUTCX	Ab Sustainable Thematic	Pair Corr
0.67	CHCLX	Ab Discovery Growth	Pair Corr
0.67	CHCIX	Ab Discovery Growth	Pair Corr
0.67	CHCYX	Ab Discovery Growth	Pair Corr
0.67	CHCZX	Ab Discovery Growth	Pair Corr

Related Correlations Analysis

	XFINX	JHMXX	DVFYX	AEYXX	QCMMIX	GCFSX
XFINX		0.0	0.59	0.0	0.06	0.45	XFINX
JHMXX	0.0		0.0	0.0	0.0	0.0	JHMXX
DVFYX	0.59	0.0		0.0	0.4	0.78	DVFYX
AEYXX	0.0	0.0	0.0		0.0	0.0	AEYXX
QCMMIX	0.06	0.0	0.4	0.0		0.75	QCMMIX
GCFSX	0.45	0.0	0.78	0.0	0.75		GCFSX
	XFINX	JHMXX	DVFYX	AEYXX	QCMMIX	GCFSX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

GCFSX	+ 0.78	DVFYX
GCFSX	+ 0.75	QCMMIX
DVFYX	+ 0.59	XFINX
GCFSX	+ 0.45	XFINX
QCMMIX	+ 0.4	DVFYX
QCMMIX	+ 0.06	XFINX

High negative correlations

GCFSX	- 0.0	AEYXX
QCMMIX	- 0.0	AEYXX
AEYXX	- 0.0	DVFYX
GCFSX	- 0.0	JHMXX
QCMMIX	- 0.0	JHMXX
AEYXX	- 0.0	JHMXX

Risk-Adjusted Indicators

There is a big difference between ABICX 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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
XFINX	0.14	(0.02)	0.00	0.36	0.00	0.00	0.28	(0.64)	1.27
JHMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DVFYX	0.85	0.07	0.05	0.03	1.27	(0.82)	1.65	(2.39)	6.47
AEYXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
QCMMIX	0.02	0.01	0.00	(3.86)	0.00	0.00	0.03	0.00	0.03
GCFSX	0.75	0.04	0.07	(0.41)	1.04	(0.76)	1.80	(2.41)	4.68

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