Ab E Correlations
ADGZX Fund | USD 25.46 0.19 0.75% |
The current 90-days correlation between Ab E Opportunities and Select Fund C is 0.54 (i.e., Very weak diversification). The correlation of Ab E 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 E Correlation With Market
Very weak diversification
The correlation between Ab E Opportunities and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab E Opportunities and DJI in the same portfolio, assuming nothing else is changed.
ADGZX |
Moving together with ADGZX Mutual Fund
0.78 | SCAVX | Ab Small Cap | PairCorr |
0.77 | SCCVX | Ab Small Cap | PairCorr |
0.95 | SCRSX | Small Cap Core | PairCorr |
0.91 | SCRYX | Small Cap Core | PairCorr |
0.91 | SCRZX | Small Cap Core | PairCorr |
0.69 | SCYVX | Ab Small Cap | PairCorr |
0.84 | APGZX | Ab Large Cap | PairCorr |
0.85 | APGYX | Ab Large Cap | PairCorr |
0.87 | APGAX | Ab Large Cap | PairCorr |
0.87 | APGCX | Ab Large Cap | PairCorr |
0.71 | SUTAX | Ab Sustainable Thematic | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between ADGZX Mutual Fund performing well and Ab E 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 E'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
ADGZX | 0.69 | (0.10) | 0.00 | (0.08) | 0.00 | 0.96 | 11.58 | |||
ACSLX | 0.75 | 0.02 | 0.01 | 0.05 | 1.48 | 1.52 | 7.15 | |||
ASERX | 0.73 | 0.03 | 0.01 | 0.14 | 1.35 | 1.53 | 6.34 | |||
MRLSX | 0.85 | (0.09) | 0.00 | (0.07) | 0.00 | 1.32 | 12.37 |