Ab Global Correlations

ANAYX Fund

USD 6.90 0.01 0.15%

The current 90-days correlation between Ab Global Bond and Tax Free Conservative Income is 0.03 (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 0.12 (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 manufacturing.

Moving together with ANAYX Mutual Fund

0.65	PFOAX	Pimco Foreign Bond	Pair Corr
0.7	PFONX	Pimco International Bond	Pair Corr
0.65	HTD	John Hancock Tax	Pair Corr
0.76	T	ATT Inc Earnings Call Tomorrow	Pair Corr
0.72	JNJ	Johnson Johnson	Pair Corr
0.69	KO	Coca Cola	Pair Corr
0.72	IBM	International Business	Pair Corr
0.67	MCD	McDonalds	Pair Corr

Moving against ANAYX Mutual Fund

0.64	RGNCX	Victory Global Natural	Pair Corr
0.63	RSNYX	Victory Global Natural	Pair Corr
0.63	RSNRX	Victory Global Natural	Pair Corr
0.52	SMPIX	Semiconductor Ultrasector	Pair Corr
0.47	SMPSX	Semiconductor Ultrasector	Pair Corr
0.52	AA	Alcoa Corp	Pair Corr
0.49	CAT	Caterpillar	Pair Corr

Related Correlations Analysis

	TFCAX	CDBCX	MNDWX	PQCNX	ACBPX	FZABX	WCAFX
TFCAX		0.84	0.74	0.86	0.88	0.82	0.7	TFCAX
CDBCX	0.84		0.86	1.0	1.0	0.79	0.91	CDBCX
MNDWX	0.74	0.86		0.84	0.87	0.76	0.88	MNDWX
PQCNX	0.86	1.0	0.84		1.0	0.8	0.9	PQCNX
ACBPX	0.88	1.0	0.87	1.0		0.82	0.91	ACBPX
FZABX	0.82	0.79	0.76	0.8	0.82		0.83	FZABX
WCAFX	0.7	0.91	0.88	0.9	0.91	0.83		WCAFX
	TFCAX	CDBCX	MNDWX	PQCNX	ACBPX	FZABX	WCAFX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between ANAYX 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TFCAX	0.02	0.00	0.00	(0.28)	0.00	0.00	0.10	0.00	0.40
CDBCX	0.23	0.01	0.24	0.27	0.22	(0.30)	0.56	(0.44)	1.34
MNDWX	0.12	(0.01)	0.18	(0.32)	0.19	(0.18)	0.20	(0.38)	0.96
PQCNX	0.25	0.02	0.25	0.35	0.22	(0.30)	0.59	(0.47)	1.43
ACBPX	0.24	0.02	0.27	0.34	0.20	(0.30)	0.56	(0.44)	1.23
FZABX	0.74	0.11	0.12	0.10	1.01	(0.73)	1.45	(1.37)	6.16
WCAFX	0.25	0.00	0.13	(0.05)	0.35	(0.29)	0.57	(0.46)	1.62

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC