Ab Bond Correlations

ANBIX Fund

USD 10.37 0.01 0.1%

The current 90-days correlation between Ab Bond Inflation and Franklin Natural Resources is 0.29 (i.e., Modest diversification). The correlation of Ab Bond 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 Bond Correlation With Market

Good diversification

The correlation between Ab Bond Inflation and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Bond Inflation 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 Bond Inflation. 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 ANBIX Mutual Fund

0.77	GCEYX	Ab Global E	Pair Corr
0.82	AMTZX	Ab All Market	Pair Corr
0.82	AMTOX	Ab All Market	Pair Corr
0.68	ANAZX	Ab Global Bond	Pair Corr
0.71	ANAGX	Ab Global Bond	Pair Corr
0.66	ANACX	Ab Global Bond	Pair Corr
0.82	CIAGX	Ab Centrated Interna	Pair Corr
0.83	CIGYX	Ab Centrated Interna	Pair Corr
0.92	ABIYX	Ab International Value	Pair Corr
0.96	ABNTX	Ab Bond Inflation	Pair Corr
0.96	ABNOX	Ab Bond Inflation	Pair Corr
0.95	ABNCX	Ab Bond Inflation	Pair Corr
0.96	ABNYX	Ab Bond Inflation	Pair Corr
0.86	ABWAX	Ab All Market	Pair Corr
0.85	ABWYX	Ab All Market	Pair Corr
0.94	AUNTX	Ab Municipal Bond	Pair Corr
0.91	AUNCX	Ab Municipal Bond	Pair Corr

Related Correlations Analysis

	FRNRX	ALEFX	IEFCX	ENPSX	TMCLX	XGNTX
FRNRX		0.91	0.92	0.91	0.74	0.84	FRNRX
ALEFX	0.91		0.88	0.84	0.84	0.71	ALEFX
IEFCX	0.92	0.88		0.95	0.85	0.74	IEFCX
ENPSX	0.91	0.84	0.95		0.71	0.64	ENPSX
TMCLX	0.74	0.84	0.85	0.71		0.6	TMCLX
XGNTX	0.84	0.71	0.74	0.64	0.6		XGNTX
	FRNRX	ALEFX	IEFCX	ENPSX	TMCLX	XGNTX

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Risk-Adjusted Indicators

There is a big difference between ANBIX Mutual Fund performing well and Ab Bond 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 Bond'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
FRNRX	0.83	(0.03)	0.00	(0.13)	0.00	0.00	1.47	(1.88)	4.80
ALEFX	1.03	(0.02)	0.00	(0.05)	0.00	0.00	1.68	(2.45)	6.40
IEFCX	0.84	(0.06)	0.00	(0.13)	0.00	0.00	1.25	(2.18)	4.47
ENPSX	1.39	(0.16)	0.00	(0.21)	0.00	0.00	2.07	(3.54)	7.38
TMCLX	0.97	(0.01)	(0.01)	(0.02)	1.38	(0.97)	1.71	(2.31)	6.34
XGNTX	0.62	0.05	0.05	0.39	0.86	(0.63)	1.26	(1.27)	4.83

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Ab Bond Correlations

Ab Bond Correlation With Market

Good diversification

Moving together with ANBIX Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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