Ab Large Correlations

APGCX Fund

USD 55.28 0.15 0.27%

The current 90-days correlation between Ab Large Cap and Ab Sustainable Global is 0.92 (i.e., Almost no diversification). The correlation of Ab Large 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 Large Correlation With Market

Poor diversification

The correlation between Ab Large Cap and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Large Cap 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 Large Cap. 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 main economic indicators.

Moving together with APGCX Mutual Fund

0.9	SCAVX	Ab Small Cap	Pair Corr
0.89	SCCVX	Ab Small Cap	Pair Corr
0.95	SCRSX	Small Cap Core	Pair Corr
0.95	SCRYX	Small Cap Core	Pair Corr
0.95	SCRZX	Small Cap Core	Pair Corr
0.9	SCYVX	Ab Small Cap	Pair Corr
0.94	APGZX	Ab Large Cap	Pair Corr
1.0	APGYX	Ab Large Cap	Pair Corr
1.0	APGAX	Ab Large Cap	Pair Corr

Moving against APGCX Mutual Fund

0.57	ANBIX	Ab Bond Inflation	Pair Corr
0.31	ANAGX	Ab Global Bond	Pair Corr
0.48	STHYX	Ab Sustainable Thematic	Pair Corr
0.47	STHAX	Ab Sustainable Thematic	Pair Corr
0.39	APAAX	Ab Pennsylvania Portfolio	Pair Corr
0.38	APACX	Ab Pennsylvania Portfolio	Pair Corr
0.36	STEYX	International Strategic	Pair Corr
0.36	STEZX	International Strategic	Pair Corr
0.36	STESX	International Strategic	Pair Corr

Related Correlations Analysis

	ATECX	CBBCX	NYVCX	MNNCX	AGRCX
ATECX		0.47	0.42	0.75	0.92	ATECX
CBBCX	0.47		0.99	0.81	0.47	CBBCX
NYVCX	0.42	0.99		0.79	0.41	NYVCX
MNNCX	0.75	0.81	0.79		0.74	MNNCX
AGRCX	0.92	0.47	0.41	0.74		AGRCX
	ATECX	CBBCX	NYVCX	MNNCX	AGRCX

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Risk-Adjusted Indicators

There is a big difference between APGCX Mutual Fund performing well and Ab Large 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 Large'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
ATECX	0.83	(0.06)	(0.15)	1.35	(2.13)	4.30
CBBCX	0.78	(0.19)	(3.93)	1.08	(1.41)	9.27
NYVCX	0.95	(0.22)	(3.73)	1.61	(1.61)	13.71
MNNCX	1.03	(0.31)	3.69	1.33	(2.15)	12.77
AGRCX	1.10	(0.19)	0.64	1.61	(2.97)	5.41

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