Ab Bond Correlations

ABNYX Fund

USD 10.60 0.02 0.19%

The current 90-days correlation between Ab Bond Inflation and Pender Real Estate is 0.03 (i.e., Significant 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

Good diversification

The correlation between Ab Bond Inflation and DJI is -0.13 (i.e., Good 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.

Check out 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 manufacturing.

Moving together with ABNYX Mutual Fund

0.88	ANAZX	Ab Global Bond	Pair Corr
0.89	ANAGX	Ab Global Bond	Pair Corr
1.0	ANBIX	Ab Bond Inflation	Pair Corr
0.91	STEYX	International Strategic	Pair Corr
0.62	ARECX	Ab Global Real	Pair Corr
0.7	ABIMX	Ab Impact Municipal	Pair Corr
0.98	ABNTX	Ab Bond Inflation	Pair Corr
1.0	ABNOX	Ab Bond Inflation	Pair Corr
1.0	ABNCX	Ab Bond Inflation	Pair Corr
0.84	AUNYX	Ab Municipal Bond	Pair Corr
0.84	AUNOX	Ab Municipal Bond	Pair Corr
0.86	AGDAX	Ab High Income	Pair Corr
0.83	SNCAX	California Municipal	Pair Corr
0.97	VTAPX	Vanguard Short Term	Pair Corr
0.97	VTSPX	Vanguard Short Term	Pair Corr
0.96	TRLDX	T Rowe Price	Pair Corr
0.98	TRBFX	T Rowe Price	Pair Corr
0.98	TRPZX	T Rowe Price	Pair Corr
0.98	FSTZX	Fidelity Series 0	Pair Corr
0.98	TIIWX	Tiaa Cref Inflation	Pair Corr
0.98	TIIHX	Tiaa Cref Inflation	Pair Corr

Moving against ABNYX Mutual Fund

0.7	CHCIX	Ab Discovery Growth	Pair Corr
0.61	ABPYX	Ab Servative Wealth	Pair Corr
0.61	ABPRX	Ab Large Cap	Pair Corr
0.43	ADGAX	Ab E Opportunities	Pair Corr
0.81	SMPIX	Semiconductor Ultrasector	Pair Corr
0.79	SMPSX	Semiconductor Ultrasector	Pair Corr
0.75	QUAIX	Ab Small Cap	Pair Corr
0.75	QUAZX	Ab Small Cap	Pair Corr
0.75	QUAYX	Ab Small Cap	Pair Corr
0.57	WPASX	Ab Centrated Growth	Pair Corr
0.57	ALCKX	Ab Large Cap	Pair Corr
0.53	RSNRX	Victory Global Natural	Pair Corr
0.52	RSNYX	Victory Global Natural	Pair Corr

Related Correlations Analysis

	PNDIX	CREFX	VREQX	NRSCX	FREEX	PAREX
PNDIX		0.59	0.39	0.54	-0.03	0.46	PNDIX
CREFX	0.59		0.81	0.4	0.64	0.95	CREFX
VREQX	0.39	0.81		0.28	0.71	0.82	VREQX
NRSCX	0.54	0.4	0.28		0.2	0.36	NRSCX
FREEX	-0.03	0.64	0.71	0.2		0.69	FREEX
PAREX	0.46	0.95	0.82	0.36	0.69		PAREX
	PNDIX	CREFX	VREQX	NRSCX	FREEX	PAREX

Click cells to compare fundamentals

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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

PAREX	+ 0.95	CREFX
PAREX	+ 0.82	VREQX
VREQX	+ 0.81	CREFX
FREEX	+ 0.71	VREQX
PAREX	+ 0.69	FREEX
FREEX	+ 0.64	CREFX

High negative correlations

FREEX

- 0.03

PNDIX

Risk-Adjusted Indicators

There is a big difference between ABNYX Mutual Fund performing well and Ab Bond 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 Bond'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
PNDIX	0.04	0.02	0.00	(6.51)	0.00	0.00	0.10	0.00	0.10
CREFX	0.91	0.01	0.00	(0.05)	0.00	0.00	1.59	(1.75)	4.82
VREQX	0.87	(0.06)	0.00	0.18	0.00	0.00	1.62	(1.81)	4.60
NRSCX	0.18	0.00	0.24	0.08	0.22	(0.18)	0.31	(0.37)	1.00
FREEX	0.99	(0.13)	0.00	(0.30)	0.00	0.00	1.62	(2.46)	7.05
PAREX	1.02	(0.08)	0.00	(0.19)	0.00	0.00	1.65	(2.30)	6.34

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