Ab Minnesota Correlations

AMNAX Fund

USD 9.48 0.03 0.32%

The current 90-days correlation between Ab Minnesota Portfolio and Touchstone Large Cap is -0.17 (i.e., Good diversification). The correlation of Ab Minnesota 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 Minnesota Correlation With Market

Good diversification

The correlation between Ab Minnesota Portfolio and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Minnesota 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 Minnesota 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 AMNAX Mutual Fund

0.9	AMNCX	Ab Minnesota Portfolio	Pair Corr
0.9	ANAZX	Ab Global Bond	Pair Corr
0.81	ANAYX	Ab Global Bond	Pair Corr
0.9	ANAGX	Ab Global Bond	Pair Corr
0.8	ANAIX	Ab Global Bond	Pair Corr
0.8	ANACX	Ab Global Bond	Pair Corr
0.72	ANBIX	Ab Bond Inflation	Pair Corr
0.8	ANIAX	New York Municipal	Pair Corr
0.87	ANJAX	Ab New Jersey	Pair Corr
0.87	ANJCX	Ab New Jersey	Pair Corr
0.8	ANIYX	New York Municipal	Pair Corr
0.82	ANMCX	New York Municipal	Pair Corr
0.89	ANYCX	Ab New York	Pair Corr
0.79	STHAX	Ab Sustainable Thematic	Pair Corr
0.87	STHYX	Ab Sustainable Thematic	Pair Corr
0.9	AOHAX	Ab Ohio Portfolio	Pair Corr
0.9	AOHCX	Ab Ohio Portfolio	Pair Corr
0.87	APAAX	Ab Pennsylvania Portfolio	Pair Corr
0.97	APACX	Ab Pennsylvania Portfolio	Pair Corr

Moving against AMNAX Mutual Fund

0.46	SCRSX	Small Cap Core	Pair Corr
0.46	SCRYX	Small Cap Core	Pair Corr
0.45	SCAVX	Ab Small Cap	Pair Corr
0.45	SCCVX	Ab Small Cap	Pair Corr
0.51	SUTCX	Ab Sustainable Thematic	Pair Corr
0.48	CHCLX	Ab Discovery Growth	Pair Corr
0.48	CHCIX	Ab Discovery Growth	Pair Corr
0.48	CHCYX	Ab Discovery Growth	Pair Corr
0.48	CHCZX	Ab Discovery Growth	Pair Corr
0.46	SCRZX	Small Cap Core	Pair Corr

Related Correlations Analysis

	TACLX	LTFOX	FMIQX	TRCPX	DOXGX	JDVNX	PCPAX
TACLX		0.83	0.29	0.94	0.9	0.4	0.85	TACLX
LTFOX	0.83		0.35	0.89	0.87	0.56	0.66	LTFOX
FMIQX	0.29	0.35		0.21	0.17	0.93	0.05	FMIQX
TRCPX	0.94	0.89	0.21		0.91	0.41	0.89	TRCPX
DOXGX	0.9	0.87	0.17	0.91		0.3	0.89	DOXGX
JDVNX	0.4	0.56	0.93	0.41	0.3		0.17	JDVNX
PCPAX	0.85	0.66	0.05	0.89	0.89	0.17		PCPAX
	TACLX	LTFOX	FMIQX	TRCPX	DOXGX	JDVNX	PCPAX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between AMNAX Mutual Fund performing well and Ab Minnesota 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 Minnesota'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
TACLX	0.66	0.01	0.00	(0.02)	0.00	0.00	1.28	(1.48)	3.10
LTFOX	0.69	(0.05)	0.00	0.30	0.00	0.00	1.42	(1.60)	3.58
FMIQX	0.87	(0.19)	0.00	(0.30)	0.00	0.00	1.20	(1.51)	10.22
TRCPX	0.67	0.04	0.05	0.01	0.86	(0.71)	1.27	(1.53)	3.55
DOXGX	0.63	0.00	0.05	(0.07)	0.89	(0.61)	1.30	(1.41)	3.35
JDVNX	0.87	(0.17)	0.00	(0.27)	0.00	0.00	1.24	(1.95)	10.15
PCPAX	0.62	0.07	0.09	0.06	0.75	(0.69)	1.23	(1.32)	3.20

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