Ab Global Correlations

AEEIX Fund  USD 14.45  0.03  0.21%   
The correlation of Ab Global 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 Global Correlation With Market

Poor diversification

The correlation between Ab Global Real and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Global Real 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 Global Real. 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 AEEIX Mutual Fund

  0.83ANAZX Ab Global BondPairCorr
  0.83ANAYX Ab Global BondPairCorr
  0.82ANAGX Ab Global BondPairCorr
  0.7ANBIX Ab Bond InflationPairCorr
  0.82ANIAX New York MunicipalPairCorr
  0.72STEYX International StrategicPairCorr
  1.0ARECX Ab Global RealPairCorr
  0.77ABIMX Ab Impact MunicipalPairCorr
  0.7ABNTX Ab Bond InflationPairCorr
  0.69ABNOX Ab Bond InflationPairCorr
  0.68ABNCX Ab Bond InflationPairCorr
  0.7ABNYX Ab Bond InflationPairCorr
  0.64ABVCX Ab Value FundPairCorr
  0.71ABWIX Ab All MarketPairCorr
  0.82AUNYX Ab Municipal BondPairCorr
  0.82AUNTX Ab Municipal BondPairCorr
  0.82AUNOX Ab Municipal BondPairCorr
  0.82AUNCX Ab Municipal BondPairCorr
  0.85AGDAX Ab High IncomePairCorr
  0.8AGDYX Ab High IncomePairCorr
  0.81SNCAX California MunicipalPairCorr
  0.68SNIDX Intermediate DurationPairCorr
  0.89CABIX Ab Global RiskPairCorr
  0.89CBSYX Ab Global RiskPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
STPXXAEYXX
SMAAXAEYXX
AEAXXAEYXX
JHMXXAEYXX
ICAXXAEYXX
ELMXXAEYXX
  
High negative correlations   
ELMXXICAXX
ELMXXJHMXX
ICAXXJHMXX
ELMXXAEAXX
ICAXXAEAXX
JHMXXAEAXX

Risk-Adjusted Indicators

There is a big difference between AEEIX Mutual Fund performing well and Ab Global 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 Global'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.