Ab Massachusetts Correlations

Mutual Funds . USA . 
Fund . Ab Massachusetts Portfolio
AMAAX Fund  USD 10.31  0.02  0.19%   
The current 90-days correlation between Ab Massachusetts Por and Ab Global E is 0.1 (i.e., Average diversification). The correlation of Ab Massachusetts 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 Massachusetts Correlation With Market

Average diversification

The correlation between Ab Massachusetts Portfolio and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Massachusetts Portfolio 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 Massachusetts Portfolio. 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 nation.

Moving together with AMAAX Mutual Fund

  0.63GCEAX Ab Global EPairCorr
  0.63GCECX Ab Global EPairCorr
  0.61GCEYX Ab Global EPairCorr
  0.94AMNCX Ab Minnesota PortfolioPairCorr
  0.94AMNAX Ab Minnesota PortfolioPairCorr
  0.87ANAZX Ab Global BondPairCorr
  0.88ANAYX Ab Global BondPairCorr
  0.89ANAGX Ab Global BondPairCorr
  0.89ANAIX Ab Global BondPairCorr
  0.91ANACX Ab Global BondPairCorr
  0.74ANBIX Ab Bond InflationPairCorr
  0.91ANIAX New York MunicipalPairCorr
  0.91ANJAX Ab New JerseyPairCorr
  0.92ANJCX Ab New JerseyPairCorr
  0.91ANIYX New York MunicipalPairCorr
  0.92ANMCX New York MunicipalPairCorr
  0.93ANYCX Ab New YorkPairCorr
  0.64STEYX International StrategicPairCorr
  0.63STEZX International StrategicPairCorr
  0.63STESX International StrategicPairCorr
  0.88STHAX Ab Sustainable ThematicPairCorr
  0.87STHYX Ab Sustainable ThematicPairCorr
  0.93AOHAX Ab Ohio PortfolioPairCorr
  0.94AOHCX Ab Ohio PortfolioPairCorr
  0.93APAAX Ab Pennsylvania PortfolioPairCorr
  0.93APACX Ab Pennsylvania PortfolioPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between AMAAX Mutual Fund performing well and Ab Massachusetts 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 Massachusetts' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GCEAX  0.57 (0.08) 0.00 (0.10) 0.00 
 0.00 
 0.79 
(1.24)
 4.70 
GCECX  0.56 (0.08) 0.00 (0.09) 0.00 
 0.00 
 0.82 
(1.22)
 4.69 
GCEYX  0.57 (0.09) 0.00 (0.10) 0.00 
 0.00 
 0.79 
(1.24)
 5.18 
AMNCX  0.16 (0.04) 0.00  1.91  0.00 
 0.00 
 0.31 
(0.41)
 1.15 
AMNAX  0.16 (0.04) 0.00  2.81  0.00 
 0.00 
 0.31 
(0.42)
 1.15 
AMTAX  0.49 (0.11) 0.00 (0.27) 0.00 
 0.00 
 0.95 
(1.05)
 3.46 
AMTZX  0.49 (0.11) 0.00 (0.27) 0.00 
 0.00 
 0.97 
(1.06)
 3.42 
AMTYX  0.49 (0.11) 0.00 (0.28) 0.00 
 0.00 
 0.85 
(1.05)
 3.48 
AMTOX  0.50 (0.11) 0.00 (0.28) 0.00 
 0.00 
 0.98 
(1.08)
 3.45 
ANAZX  0.19 (0.04) 0.00 (1.07) 0.00 
 0.00 
 0.29 
(0.44)
 1.16 

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