| ABNOX Fund | | | USD 10.32 0.02 0.19% |
The current 90-days correlation between Ab Bond Inflation and Allianzgi Nfj Large Cap is 0.37 (i.e., Weak diversification). The correlation of Ab Bond 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 Bond Correlation With Market
Significant diversification
The correlation between Ab Bond Inflation and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Bond Inflation and DJI in the same portfolio, assuming nothing else is changed.
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Trending Equities to better understand how to build diversified portfolios, which includes a position in Ab Bond Inflation. 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 persons.