Ab Global Correlations

Mutual Funds . USA . 
Fund . Ab Global Bond
ANAIX Fund  USD 6.90  0.01  0.15%   
The current 90-days correlation between Ab Global Bond and World Precious Minerals is 0.07 (i.e., Significant diversification). The correlation of Ab Global 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 Global Correlation With Market

Average diversification

The correlation between Ab Global Bond 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 Global Bond 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 Global Bond. 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 gross domestic product.

Moving together with ANAIX Mutual Fund

  0.67GCEAX Ab Global EPairCorr
  0.66GCECX Ab Global EPairCorr
  0.68GCEYX Ab Global EPairCorr
  0.84AMNCX Ab Minnesota PortfolioPairCorr
  0.78AMNAX Ab Minnesota PortfolioPairCorr
  0.94ANAZX Ab Global BondPairCorr
  1.0ANAYX Ab Global BondPairCorr
  0.94ANAGX Ab Global BondPairCorr
  0.99ANACX Ab Global BondPairCorr
  0.87ANBIX Ab Bond InflationPairCorr
  0.91ANIAX New York MunicipalPairCorr
  0.93ANJAX Ab New JerseyPairCorr
  0.91ANJCX Ab New JerseyPairCorr
  0.92ANIYX New York MunicipalPairCorr
  0.9ANMCX New York MunicipalPairCorr
  0.88ANYCX Ab New YorkPairCorr
  0.76STEYX International StrategicPairCorr
  0.76STEZX International StrategicPairCorr
  0.76STESX International StrategicPairCorr
  0.95STHAX Ab Sustainable ThematicPairCorr
  0.95STHYX Ab Sustainable ThematicPairCorr
  0.92AOHAX Ab Ohio PortfolioPairCorr
  0.9AOHCX Ab Ohio PortfolioPairCorr
  0.89APAAX Ab Pennsylvania PortfolioPairCorr
  0.96APACX Ab Pennsylvania PortfolioPairCorr

Moving against ANAIX Mutual Fund

  0.38SCCVX Ab Small CapPairCorr
  0.37SCAVX Ab Small CapPairCorr
  0.37SCRSX Small Cap CorePairCorr
  0.37SCRYX Small Cap CorePairCorr
  0.47SUTCX Ab Sustainable ThematicPairCorr
  0.46SUTAX Ab Sustainable ThematicPairCorr
  0.42SUTZX Ab Sustainable ThematicPairCorr
  0.42CHCIX Ab Discovery GrowthPairCorr
  0.42CHCYX Ab Discovery GrowthPairCorr
  0.42CHCZX Ab Discovery GrowthPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between ANAIX Mutual Fund performing well and Ab Global 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 Global'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.

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