Ab Emerging Correlations

Mutual Funds . USA . 
Fund . Ab Emerging Markets
ABIEX Fund  USD 8.89  0.06  0.67%   
The current 90-days correlation between Ab Emerging Markets and Lord Abbett Affiliated is 0.56 (i.e., Very weak diversification). The correlation of Ab Emerging 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 Emerging Correlation With Market

Weak diversification

The correlation between Ab Emerging Markets and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Emerging Markets 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 Emerging Markets. 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 income.

Moving together with ABIEX Mutual Fund

  0.79GCEAX Ab Global EPairCorr
  0.78GCECX Ab Global EPairCorr
  0.79GCEYX Ab Global EPairCorr
  0.77AMTAX Ab All MarketPairCorr
  0.77AMTZX Ab All MarketPairCorr
  0.77AMTYX Ab All MarketPairCorr
  0.77AMTOX Ab All MarketPairCorr
  0.78ANAZX Ab Global BondPairCorr
  0.77ANAYX Ab Global BondPairCorr
  0.78ANAGX Ab Global BondPairCorr
  0.77ANAIX Ab Global BondPairCorr
  0.76ANACX Ab Global BondPairCorr
  0.85ANBIX Ab Bond InflationPairCorr
  0.69ANIAX New York MunicipalPairCorr
  0.64ANJAX Ab New JerseyPairCorr
  0.69ANIYX New York MunicipalPairCorr
  0.63ANMCX New York MunicipalPairCorr
  0.96STEYX International StrategicPairCorr
  0.96STEZX International StrategicPairCorr
  0.96STESX International StrategicPairCorr
  0.81STHAX Ab Sustainable ThematicPairCorr
  0.82STHYX Ab Sustainable ThematicPairCorr
  0.64AOHAX Ab Ohio PortfolioPairCorr
  0.76APAAX Ab Pennsylvania PortfolioPairCorr
  0.71APACX Ab Pennsylvania PortfolioPairCorr

Moving against ABIEX Mutual Fund

  0.53SCCVX Ab Small CapPairCorr
  0.52SCAVX Ab Small CapPairCorr
  0.47SCRSX Small Cap CorePairCorr
  0.47SCRYX Small Cap CorePairCorr
  0.53SUTCX Ab Sustainable ThematicPairCorr
  0.52SCYVX Ab Small CapPairCorr
  0.52SUTAX Ab Sustainable ThematicPairCorr
  0.52CHCLX Ab Discovery GrowthPairCorr
  0.52CHCCX Ab Discovery GrowthPairCorr
  0.51SUTZX Ab Sustainable ThematicPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between ABIEX Mutual Fund performing well and Ab Emerging 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 Emerging'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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