Abr Enhanced Correlations

ABRSX Fund

USD 7.98 0.01 0.13%

The current 90-days correlation between Abr Enhanced Short and Oakmark Select Fund is 0.81 (i.e., Very poor diversification). The correlation of Abr Enhanced 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.

Abr Enhanced Correlation With Market

Poor diversification

The correlation between Abr Enhanced Short and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Abr Enhanced Short 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 Abr Enhanced Short. 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 state.

Moving together with Abr Mutual Fund

0.97	VOLJX	Abr 7525 Volatility	Pair Corr
0.97	VOLSX	Abr 7525 Volatility	Pair Corr
0.81	ABRTX	Abr Dynamic Blend	Pair Corr
0.82	ABRVX	Abr Dynamic Blend	Pair Corr
1.0	ABRJX	Abr Enhanced Short	Pair Corr
0.85	NLSCX	Neuberger Berman Long	Pair Corr
0.83	NLSAX	Neuberger Berman Long	Pair Corr
0.82	NLSIX	Neuberger Berman Long	Pair Corr
0.93	ASLAX	Ab Select Longshort	Pair Corr
0.63	JHOMX	Jhomx	Pair Corr

Moving against Abr Mutual Fund

0.32	PWLMX	Pimco Rae Worldwide	Pair Corr
0.31	PWLIX	Pimco Rae Worldwide	Pair Corr
0.53	GF	New Germany Closed	Pair Corr
0.48	AMAPX	Amana Participation	Pair Corr
0.4	MFAAX	American Funds Mortgage	Pair Corr
0.38	USGDX	Morgan Stanley Government	Pair Corr
0.37	AOUAX	Angel Oak Ultrashort	Pair Corr
0.33	VTAPX	Vanguard Short Term	Pair Corr
0.33	LIRRX	Lord Abbett International	Pair Corr
0.31	OPIGX	Oppenheimer Core Bond	Pair Corr
0.41	VSGDX	Vanguard Short Term	Pair Corr
0.41	CIHCX	Cullen International High	Pair Corr
0.4	TASTX	Transamerica Short Term	Pair Corr
0.36	BISMX	Brandes International	Pair Corr
0.34	PSHIX	Short Term Income	Pair Corr

Related Correlations Analysis

	OAKLX	PCLVX	GMLVX	PCPAX	FMIQX	PAVLX	AMFFX
OAKLX		0.59	0.2	0.59	0.39	0.71	0.79	OAKLX
PCLVX	0.59		0.66	1.0	0.24	0.88	0.85	PCLVX
GMLVX	0.2	0.66		0.66	0.12	0.58	0.56	GMLVX
PCPAX	0.59	1.0	0.66		0.24	0.88	0.85	PCPAX
FMIQX	0.39	0.24	0.12	0.24		0.08	0.4	FMIQX
PAVLX	0.71	0.88	0.58	0.88	0.08		0.87	PAVLX
AMFFX	0.79	0.85	0.56	0.85	0.4	0.87		AMFFX
	OAKLX	PCLVX	GMLVX	PCPAX	FMIQX	PAVLX	AMFFX

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Risk-Adjusted Indicators

There is a big difference between Abr Mutual Fund performing well and Abr Enhanced 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 Abr Enhanced'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
OAKLX	0.76	(0.01)	0.00	(0.08)	0.00	0.00	1.40	(1.88)	3.58
PCLVX	0.73	(0.04)	0.00	(0.12)	0.00	0.00	1.24	(1.43)	7.92
GMLVX	0.71	0.04	0.08	0.03	0.91	(0.77)	1.57	(1.62)	5.51
PCPAX	0.73	(0.04)	0.00	(0.12)	0.00	0.00	1.23	(1.42)	7.87
FMIQX	0.85	(0.20)	0.00	(0.35)	0.00	0.00	1.17	(1.51)	10.22
PAVLX	0.62	0.04	0.09	0.01	0.76	(0.70)	1.20	(1.16)	3.20
AMFFX	0.63	(0.02)	0.00	(0.10)	0.00	0.00	1.09	(1.46)	4.69

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