Ab All Correlations

AMTAX Fund

USD 9.54 0.01 0.10%

The current 90-days correlation between Ab All Market and Ab Global E is -0.08 (i.e., Good diversification). The correlation of Ab All 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 All Correlation With Market

Significant diversification

The correlation between Ab All Market and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab All Market 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 All Market. 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 AMTAX Mutual Fund

0.87	GCEYX	Ab Global E	Pair Corr
0.92	AMTOX	Ab All Market	Pair Corr
0.66	STEYX	International Strategic	Pair Corr
0.71	SUTCX	Ab Sustainable Thematic	Pair Corr
0.87	ABIEX	Ab Emerging Markets	Pair Corr
0.7	ATEYX	Ab Sustainable Global	Pair Corr
0.76	ABWYX	Ab All Market	Pair Corr
0.7	ATWAX	Ab Tax Managed	Pair Corr
0.72	FFTYX	Ab Flexfee Thematic	Pair Corr

Related Correlations Analysis

	GCEAX	GCECX	GCEYX	AMNCX	AMNAX	AMTZX	AMTYX	AMTOX	ANAZX
GCEAX		1.0	1.0	0.05	0.1	0.87	0.87	0.92	-0.05	GCEAX
GCECX	1.0		1.0	0.08	0.12	0.86	0.86	0.92	-0.02	GCECX
GCEYX	1.0	1.0		0.04	0.09	0.87	0.87	0.92	-0.06	GCEYX
AMNCX	0.05	0.08	0.04		1.0	0.03	0.03	0.12	0.92	AMNCX
AMNAX	0.1	0.12	0.09	1.0		0.09	0.09	0.18	0.9	AMNAX
AMTZX	0.87	0.86	0.87	0.03	0.09		1.0	0.92	-0.12	AMTZX
AMTYX	0.87	0.86	0.87	0.03	0.09	1.0		0.92	-0.12	AMTYX
AMTOX	0.92	0.92	0.92	0.12	0.18	0.92	0.92		-0.03	AMTOX
ANAZX	-0.05	-0.02	-0.06	0.92	0.9	-0.12	-0.12	-0.03		ANAZX
	GCEAX	GCECX	GCEYX	AMNCX	AMNAX	AMTZX	AMTYX	AMTOX	ANAZX

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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

GCECX	+ 1.0	GCEAX
GCEYX	+ 1.0	GCEAX
GCEYX	+ 1.0	GCECX
AMNAX	+ 1.0	AMNCX
AMTYX	+ 1.0	AMTZX
AMTOX	+ 0.92	GCEAX

High negative correlations

ANAZX	- 0.12	AMTYX
ANAZX	- 0.12	AMTZX
ANAZX	- 0.06	GCEYX
ANAZX	- 0.05	GCEAX
ANAZX	- 0.03	AMTOX
ANAZX	- 0.02	GCECX

Risk-Adjusted Indicators

There is a big difference between AMTAX Mutual Fund performing well and Ab All 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 All'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
GCEAX	0.57	(0.08)	(0.15)	0.00	0.72	(0.58)	0.94	(1.24)	3.45
GCECX	0.56	(0.08)	(0.16)	0.00	0.71	(0.58)	0.95	(1.22)	3.44
GCEYX	0.56	(0.08)	(0.15)	0.00	0.71	(0.57)	0.98	(1.24)	3.44
AMNCX	0.13	0.01	(0.40)	0.05	0.18	(0.17)	0.31	(0.31)	1.15
AMNAX	0.13	0.01	(0.39)	0.00	0.17	(0.18)	0.31	(0.31)	1.15
AMTZX	0.46	0.02	(0.15)	0.86	0.59	(0.49)	0.99	(1.06)	2.26
AMTYX	0.46	0.02	(0.15)	0.96	0.57	(0.52)	0.98	(1.05)	2.33
AMTOX	0.46	(0.02)	(0.14)	0.05	0.57	(0.54)	1.00	(1.08)	2.38
ANAZX	0.18	(0.01)	(0.46)	1.22	0.22	(0.23)	0.29	(0.29)	1.01

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