Ab Global Correlations

AEEIX Fund

USD 14.79 0.06 0.41%

The current 90-days correlation between Ab Global Real and Baillie Gifford Health is 0.02 (i.e., Significant diversification). 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

Very weak diversification

The correlation between Ab Global Real and DJI is 0.43 (i.e., Very weak 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

0.83	GCEAX	Ab Global E	Pair Corr
0.84	GCECX	Ab Global E	Pair Corr
0.82	GCEYX	Ab Global E	Pair Corr
0.79	AMNCX	Ab Minnesota Portfolio	Pair Corr
0.67	AMNAX	Ab Minnesota Portfolio	Pair Corr
0.66	AMTAX	Ab All Market	Pair Corr
0.66	AMTZX	Ab All Market	Pair Corr
0.66	AMTYX	Ab All Market	Pair Corr
0.66	AMTOX	Ab All Market	Pair Corr
0.63	ANAZX	Ab Global Bond	Pair Corr
0.73	ANAYX	Ab Global Bond	Pair Corr
0.72	ANAGX	Ab Global Bond	Pair Corr
0.73	ANAIX	Ab Global Bond	Pair Corr
0.75	ANACX	Ab Global Bond	Pair Corr
0.81	ANIAX	New York Municipal	Pair Corr
0.81	ANJAX	Ab New Jersey	Pair Corr
0.82	ANJCX	Ab New Jersey	Pair Corr
0.71	ANIYX	New York Municipal	Pair Corr
0.84	ANMCX	New York Municipal	Pair Corr
0.81	ANYCX	Ab New York	Pair Corr
0.84	STHAX	Ab Sustainable Thematic	Pair Corr
0.74	STHYX	Ab Sustainable Thematic	Pair Corr
0.8	AOHAX	Ab Ohio Portfolio	Pair Corr
0.81	AOHCX	Ab Ohio Portfolio	Pair Corr
0.72	SCAVX	Ab Small Cap	Pair Corr
0.72	SCCVX	Ab Small Cap	Pair Corr
0.74	APAAX	Ab Pennsylvania Portfolio	Pair Corr
0.73	APACX	Ab Pennsylvania Portfolio	Pair Corr
0.77	SCRSX	Small Cap Core	Pair Corr
0.77	SCRYX	Small Cap Core	Pair Corr
0.77	SCRZX	Small Cap Core	Pair Corr
0.72	SCYVX	Ab Small Cap	Pair Corr
0.68	APGZX	Ab Large Cap	Pair Corr
0.7	APGYX	Ab Large Cap	Pair Corr
0.72	APGAX	Ab Large Cap	Pair Corr
0.76	APGCX	Ab Large Cap	Pair Corr

Related Correlations Analysis

	BGHDX	XXGRX	LYFAX	SCHLX	HIAHX	JAFKX	LOGSX
BGHDX		-0.05	-0.03	-0.01	-0.09	-0.09	-0.1	BGHDX
XXGRX	-0.05		0.9	0.82	0.85	0.9	0.95	XXGRX
LYFAX	-0.03	0.9		0.97	0.9	0.87	0.83	LYFAX
SCHLX	-0.01	0.82	0.97		0.89	0.83	0.74	SCHLX
HIAHX	-0.09	0.85	0.9	0.89		0.97	0.77	HIAHX
JAFKX	-0.09	0.9	0.87	0.83	0.97		0.84	JAFKX
LOGSX	-0.1	0.95	0.83	0.74	0.77	0.84		LOGSX
	BGHDX	XXGRX	LYFAX	SCHLX	HIAHX	JAFKX	LOGSX

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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

SCHLX	+ 0.97	LYFAX
JAFKX	+ 0.97	HIAHX
LOGSX	+ 0.95	XXGRX
LYFAX	+ 0.9	XXGRX
JAFKX	+ 0.9	XXGRX
HIAHX	+ 0.9	LYFAX

High negative correlations

LOGSX	- 0.1	BGHDX
JAFKX	- 0.09	BGHDX
HIAHX	- 0.09	BGHDX
XXGRX	- 0.05	BGHDX
LYFAX	- 0.03	BGHDX
SCHLX	- 0.01	BGHDX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BGHDX	0.43	0.05	0.03	(0.35)	0.84	(1.82)	1.27	(0.85)	8.70
XXGRX	0.78	(0.03)	0.00	(1.43)	0.00	0.00	1.51	(1.62)	4.50
LYFAX	0.58	0.00	0.03	(0.03)	0.73	(0.57)	1.12	(1.18)	2.95
SCHLX	0.60	0.02	0.06	(0.19)	0.68	(0.64)	1.24	(1.17)	2.98
HIAHX	0.63	0.01	0.03	0.00	0.76	(0.73)	1.19	(1.35)	3.28
JAFKX	0.72	(0.01)	0.00	(0.04)	0.00	0.00	1.29	(1.46)	3.93
LOGSX	0.63	(0.05)	0.00	(1.17)	0.00	0.00	1.18	(1.12)	4.03

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