Ab Large Correlations
| APGYX Fund | USD 102.54 0.29 0.28% |
The current 90-days correlation between Ab Large Cap and Ab Small Cap is 0.89 (i.e., Very poor 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.
APGYX |
Moving together with APGYX Mutual Fund
| 0.89 | SCAVX | Ab Small Cap | PairCorr |
| 0.89 | SCCVX | Ab Small Cap | PairCorr |
| 0.95 | SCRSX | Small Cap Core | PairCorr |
| 0.95 | SCRYX | Small Cap Core | PairCorr |
| 0.95 | SCRZX | Small Cap Core | PairCorr |
| 0.89 | SCYVX | Ab Small Cap | PairCorr |
| 0.94 | APGZX | Ab Large Cap | PairCorr |
| 1.0 | APGAX | Ab Large Cap | PairCorr |
| 1.0 | APGCX | Ab Large Cap | PairCorr |
Moving against APGYX Mutual Fund
| 0.56 | ANBIX | Ab Bond Inflation | PairCorr |
| 0.47 | STHYX | Ab Sustainable Thematic | PairCorr |
| 0.46 | STHAX | Ab Sustainable Thematic | PairCorr |
| 0.38 | APAAX | Ab Pennsylvania Portfolio | PairCorr |
| 0.37 | APACX | Ab Pennsylvania Portfolio | PairCorr |
| 0.35 | STEZX | International Strategic | PairCorr |
| 0.34 | STEYX | International Strategic | PairCorr |
| 0.34 | STESX | International Strategic | PairCorr |
Related Correlations Analysis
| 0.96 | 0.39 | 0.28 | -0.73 | QUAYX | ||
| 0.96 | 0.54 | 0.48 | -0.56 | ATEYX | ||
| 0.39 | 0.54 | 0.85 | 0.18 | CBBYX | ||
| 0.28 | 0.48 | 0.85 | 0.36 | HLIEX | ||
| -0.73 | -0.56 | 0.18 | 0.36 | PONPX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between APGYX 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 | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| QUAYX | 1.29 | (0.16) | 0.00 | (0.21) | 0.00 | 2.26 | 6.72 | |||
| ATEYX | 0.83 | (0.06) | 0.00 | (0.15) | 0.00 | 1.35 | 4.29 | |||
| CBBYX | 0.80 | (0.12) | 0.00 | (0.25) | 0.00 | 0.96 | 9.23 | |||
| HLIEX | 0.76 | (0.06) | 0.00 | (0.15) | 0.00 | 1.23 | 6.08 | |||
| PONPX | 0.17 | 0.03 | 0.34 | 0.43 | 0.10 | 0.39 | 1.06 |