Ab Growth Correlations

AGRCX Fund

USD 9.24 0.20 2.12%

The current 90-days correlation between Ab Growth Fund and Barings High Yield is 0.07 (i.e., Significant diversification). The correlation of Ab Growth 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 Growth Correlation With Market

Average diversification

The correlation between Ab Growth Fund and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Growth Fund 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 Growth Fund. 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 main economic indicators.

Moving together with AGRCX Mutual Fund

0.85	ASCLX	Ab Select Longshort	Pair Corr
0.72	ABVCX	Ab Value Fund	Pair Corr
0.76	ABYSX	Ab Discovery Value	Pair Corr
0.73	AUUIX	Ab Select Equity	Pair Corr
0.72	ADGAX	Ab E Opportunities	Pair Corr
0.78	CABIX	Ab Global Risk	Pair Corr
0.76	WPASX	Ab Centrated Growth	Pair Corr
0.78	CBSYX	Ab Global Risk	Pair Corr

Moving against AGRCX Mutual Fund

0.36	MCSAX	Mfs Modity Strategy	Pair Corr
0.35	ECFAX	Eaton Vance Floating	Pair Corr

Related Correlations Analysis

	BXHCX	PHDTX	FODPX	MWHIX	RHMYX	AQRRX	RHYAX
BXHCX		0.91	0.97	0.97	0.51	0.93	0.96	BXHCX
PHDTX	0.91		0.96	0.92	0.45	0.86	0.94	PHDTX
FODPX	0.97	0.96		0.95	0.49	0.93	0.98	FODPX
MWHIX	0.97	0.92	0.95		0.63	0.87	0.91	MWHIX
RHMYX	0.51	0.45	0.49	0.63		0.36	0.39	RHMYX
AQRRX	0.93	0.86	0.93	0.87	0.36		0.96	AQRRX
RHYAX	0.96	0.94	0.98	0.91	0.39	0.96		RHYAX
	BXHCX	PHDTX	FODPX	MWHIX	RHMYX	AQRRX	RHYAX

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Risk-Adjusted Indicators

There is a big difference between AGRCX Mutual Fund performing well and Ab Growth 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 Growth'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
BXHCX	0.12	(0.02)	0.00	1.17	0.00	0.00	0.25	(0.25)	0.87
PHDTX	0.11	0.00	0.61	(1.15)	0.06	(0.16)	0.23	(0.23)	0.79
FODPX	0.13	(0.01)	0.53	0.41	0.16	(0.16)	0.27	(0.27)	0.90
MWHIX	0.10	(0.01)	0.62	0.68	0.12	(0.19)	0.22	(0.22)	0.76
RHMYX	0.25	(0.04)	0.00	1.59	0.00	0.00	0.63	(0.84)	1.70
AQRRX	0.50	(0.03)	0.00	0.28	0.00	0.00	0.93	(1.08)	3.50
RHYAX	0.12	(0.01)	0.47	(0.67)	0.15	(0.16)	0.21	(0.31)	1.13

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