Abbey Capital Correlations

ABYIX Fund

USD 10.83 0.05 0.46%

The current 90-days correlation between Abbey Capital Futures and Fidelity Advisor Financial is -0.02 (i.e., 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 -0.05 (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 gross domestic product.

Moving together with Abbey Mutual Fund

1.0	ABYAX	Abbey Capital Futures	Pair Corr
1.0	ABYCX	Abbey Capital Futures	Pair Corr
0.86	MAFAX	Abbey Capital Multi	Pair Corr
0.86	MAFCX	Abbey Capital Multi	Pair Corr
0.86	MAFIX	Abbey Capital Multi	Pair Corr
0.76	PQTAX	Pimco Trends Managed	Pair Corr
0.76	PQTNX	Pimco Trends Managed	Pair Corr
0.9	AHLPX	American Beacon Ahl	Pair Corr
0.93	AMFNX	Asg Managed Futures	Pair Corr
0.93	AMFAX	Asg Managed Futures	Pair Corr
0.93	ASFYX	Asg Managed Futures	Pair Corr

Moving against Abbey Mutual Fund

0.73	HLDIX	Hartford Emerging	Pair Corr
0.69	BXECX	Barings Emerging Markets	Pair Corr
0.69	BXEIX	Barings Emerging Markets	Pair Corr
0.69	BXEAX	Barings Emerging Markets	Pair Corr
0.42	AQMRX	Aqr Managed Futures	Pair Corr
0.34	MGGYX	Mirova Global Green	Pair Corr
0.31	MGGAX	Mirova Global Green	Pair Corr
0.87	RGEVX	Us Government Securities	Pair Corr
0.86	NECRX	Loomis Sayles E	Pair Corr
0.83	PYCWX	Payden E Bond	Pair Corr
0.8	PDINX	Putnam Diversified Income	Pair Corr
0.74	HLDCX	Hartford Emerging	Pair Corr
0.73	HLDRX	Hartford Emerging	Pair Corr
0.73	HLDAX	Hartford Emerging	Pair Corr
0.72	HLDTX	Hartford Emerging	Pair Corr
0.71	VMSSX	Virtus Multi Sector	Pair Corr
0.66	MXECX	Great-west Core	Pair Corr
0.64	MGBMX	Mfs Global Bond	Pair Corr
0.62	BBNTX	Sterling Capital North	Pair Corr
0.61	EKIZX	Wells Fargo Adjustable	Pair Corr
0.61	RROPX	American Funds Retirement	Pair Corr
0.58	FAIJX	Faijx	Pair Corr
0.53	HSXCX	Hartford Schroders	Pair Corr
0.48	SDFCX	Swan Defined Risk	Pair Corr
0.35	ORAZX	Oppnhmr Rochester Arizona	Pair Corr
0.87	ABTAX	Government Bond	Pair Corr
0.87	FMSCX	Fidelity Advisor Mortgage	Pair Corr

Related Correlations Analysis

	FIKBX	FAFSX	RMBKX	PGFMX	VFAIX	MSVIX	ICFAX	FIDAX
FIKBX		1.0	0.92	0.69	0.92	0.79	0.89	0.92	FIKBX
FAFSX	1.0		0.93	0.68	0.91	0.8	0.89	0.93	FAFSX
RMBKX	0.92	0.93		0.54	0.78	0.86	0.88	0.9	RMBKX
PGFMX	0.69	0.68	0.54		0.83	0.29	0.46	0.55	PGFMX
VFAIX	0.92	0.91	0.78	0.83		0.54	0.78	0.71	VFAIX
MSVIX	0.79	0.8	0.86	0.29	0.54		0.79	0.86	MSVIX
ICFAX	0.89	0.89	0.88	0.46	0.78	0.79		0.79	ICFAX
FIDAX	0.92	0.93	0.9	0.55	0.71	0.86	0.79		FIDAX
	FIKBX	FAFSX	RMBKX	PGFMX	VFAIX	MSVIX	ICFAX	FIDAX

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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.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
FIKBX	0.89	(0.03)	(0.10)	1.66	(2.69)	6.29
FAFSX	0.89	(0.04)	(0.11)	1.65	(2.71)	6.26
RMBKX	1.12	(0.13)	(0.20)	2.19	(3.08)	6.79
PGFMX	0.39	0.01	(0.05)	0.85	(0.86)	2.21
VFAIX	0.83	0.04	(0.03)	1.46	(2.51)	6.10
MSVIX	0.96	(0.18)	(0.27)	1.40	(2.19)	10.85
ICFAX	0.81	(0.06)	(0.13)	1.28	(2.10)	3.93
FIDAX	0.99	(0.11)	(0.18)	1.82	(3.26)	7.22

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