Ab Sustainable Correlations
| ALTFX Fund | USD 144.36 1.46 1.02% |
The current 90-days correlation between Ab Sustainable Global and Baron Health Care is 0.47 (i.e., Very weak diversification). The correlation of Ab Sustainable 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 Sustainable Correlation With Market
Very weak diversification
The correlation between Ab Sustainable Global and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Sustainable Global and DJI in the same portfolio, assuming nothing else is changed.
ALTFX |
Moving together with ALTFX Mutual Fund
| 0.76 | GCEAX | Ab Global E | PairCorr |
| 0.75 | GCECX | Ab Global E | PairCorr |
| 0.78 | GCEYX | Ab Global E | PairCorr |
| 0.89 | AMTAX | Ab All Market | PairCorr |
| 0.93 | AMTZX | Ab All Market | PairCorr |
| 0.9 | AMTYX | Ab All Market | PairCorr |
| 0.92 | AMTOX | Ab All Market | PairCorr |
| 0.68 | ANBIX | Ab Bond Inflation | PairCorr |
| 0.77 | STESX | International Strategic | PairCorr |
| 0.65 | APGCX | Ab Large Cap | PairCorr |
Related Correlations Analysis
| 0.94 | 0.65 | 0.78 | 0.92 | 0.81 | 0.92 | BHCHX | ||
| 0.94 | 0.52 | 0.77 | 0.89 | 0.73 | 0.92 | XXGRX | ||
| 0.65 | 0.52 | 0.72 | 0.7 | 0.78 | 0.56 | AHSCX | ||
| 0.78 | 0.77 | 0.72 | 0.77 | 0.85 | 0.69 | LYFAX | ||
| 0.92 | 0.89 | 0.7 | 0.77 | 0.87 | 0.87 | PHLAX | ||
| 0.81 | 0.73 | 0.78 | 0.85 | 0.87 | 0.75 | ETAHX | ||
| 0.92 | 0.92 | 0.56 | 0.69 | 0.87 | 0.75 | THQ | ||
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Risk-Adjusted Indicators
There is a big difference between ALTFX Mutual Fund performing well and Ab Sustainable 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 Sustainable'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BHCHX | 0.68 | (0.19) | 0.00 | (0.23) | 0.00 | 1.27 | 4.20 | |||
| XXGRX | 0.67 | (0.24) | 0.00 | (1.97) | 0.00 | 0.95 | 3.52 | |||
| AHSCX | 0.59 | (0.11) | 0.00 | (0.17) | 0.00 | 0.90 | 5.39 | |||
| LYFAX | 0.67 | (0.18) | 0.00 | (1.62) | 0.00 | 1.10 | 3.82 | |||
| PHLAX | 0.71 | (0.17) | 0.00 | (0.24) | 0.00 | 1.04 | 5.07 | |||
| ETAHX | 1.15 | (0.20) | 0.00 | (0.15) | 0.00 | 2.27 | 7.54 | |||
| THQ | 0.91 | (0.23) | 0.00 | (0.26) | 0.00 | 1.49 | 5.19 |