Abbey Capital Correlations

Mutual Funds . USA . 
Fund . Abbey Capital Futures
ABYAX Fund  USD 10.78  0.05  0.46%   
The current 90-days correlation between Abbey Capital Futures and Dreyfus Short Intermediate is -0.3 (i.e., Very good diversification). The correlation of Abbey Capital 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.

Abbey Capital Correlation With Market

Good diversification

The correlation between Abbey Capital Futures and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Abbey Capital Futures 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 Abbey Capital Futures. 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 nation.

Moving together with Abbey Mutual Fund

  1.0ABYIX Abbey Capital FuturesPairCorr
  1.0ABYCX Abbey Capital FuturesPairCorr
  0.86MAFAX Abbey Capital MultiPairCorr
  0.86MAFCX Abbey Capital MultiPairCorr
  0.86MAFIX Abbey Capital MultiPairCorr
  0.77PQTAX Pimco Trends ManagedPairCorr
  0.77PQTNX Pimco Trends ManagedPairCorr
  0.9AHLPX American Beacon AhlPairCorr
  0.94AMFNX Asg Managed FuturesPairCorr
  0.94AMFAX Asg Managed FuturesPairCorr
  0.93ASFYX Asg Managed FuturesPairCorr

Moving against Abbey Mutual Fund

  0.74HLDIX Hartford EmergingPairCorr
  0.71BXEIX Barings Emerging MarketsPairCorr
  0.71BXEAX Barings Emerging MarketsPairCorr
  0.7BXECX Barings Emerging MarketsPairCorr
  0.43AQMRX Aqr Managed FuturesPairCorr
  0.33MGGYX Mirova Global GreenPairCorr
  0.31MGGAX Mirova Global GreenPairCorr
  0.87NECRX Loomis Sayles EPairCorr
  0.87RGEVX Us Government SecuritiesPairCorr
  0.84PYCWX Payden E BondPairCorr
  0.8PDINX Putnam Diversified IncomePairCorr
  0.75HLDCX Hartford EmergingPairCorr
  0.74HLDRX Hartford EmergingPairCorr
  0.74HLDAX Hartford EmergingPairCorr
  0.73HLDTX Hartford EmergingPairCorr
  0.72VMSSX Virtus Multi SectorPairCorr
  0.67MXECX Great-west CorePairCorr
  0.65MGBMX Mfs Global BondPairCorr
  0.63BBNTX Sterling Capital NorthPairCorr
  0.62EKIZX Wells Fargo AdjustablePairCorr
  0.62RROPX American Funds RetirementPairCorr
  0.57FAIJX FaijxPairCorr
  0.54HSXCX Hartford SchrodersPairCorr
  0.47SDFCX Swan Defined RiskPairCorr
  0.35ORAZX Oppnhmr Rochester ArizonaPairCorr
  0.88ABTAX Government BondPairCorr
  0.88AMUSX Us Government SecuritiesPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Abbey Mutual Fund performing well and Abbey Capital 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 Abbey Capital'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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