Ab Large Correlations
| APGZX Fund | USD 109.62 1.23 1.11% |
The current 90-days correlation between Ab Large Cap and Wells Fargo Special is -0.11 (i.e., Good 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
Good diversification
The correlation between Ab Large Cap and DJI is -0.09 (i.e., Good 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.
APGZX |
Moving together with APGZX Mutual Fund
| 0.76 | GCECX | Ab Global E | PairCorr |
| 0.69 | GCEYX | Ab Global E | PairCorr |
| 0.69 | AMNCX | Ab Minnesota Portfolio | PairCorr |
| 0.71 | AMNAX | Ab Minnesota Portfolio | PairCorr |
| 0.72 | ANAZX | Ab Global Bond | PairCorr |
| 0.69 | ANAGX | Ab Global Bond | PairCorr |
| 0.7 | ANACX | Ab Global Bond | PairCorr |
| 0.77 | ANIYX | New York Municipal | PairCorr |
| 0.75 | STHAX | Ab Sustainable Thematic | PairCorr |
| 0.72 | STHYX | Ab Sustainable Thematic | PairCorr |
| 0.81 | SCRYX | Small Cap Core | PairCorr |
| 1.0 | APGYX | Ab Large Cap | PairCorr |
| 0.72 | APWIX | Ab Servative Wealth | PairCorr |
| 0.81 | CHCYX | Ab Discovery Growth | PairCorr |
| 0.69 | CIAGX | Ab Centrated Interna | PairCorr |
| 0.82 | ARIIX | Ab Global Real | PairCorr |
| 0.72 | CIGYX | Ab Centrated Interna | PairCorr |
| 0.72 | AAZYX | Ab Municipal Income | PairCorr |
| 0.73 | ATEYX | Ab Sustainable Global | PairCorr |
| 0.7 | ABSZX | Ab Discovery Value | PairCorr |
| 0.79 | ABSIX | Ab Discovery Value | PairCorr |
Related Correlations Analysis
| 0.73 | 0.61 | 0.86 | 0.78 | WFPRX | ||
| 0.73 | 0.52 | 0.73 | 0.53 | HRAUX | ||
| 0.61 | 0.52 | 0.53 | 0.82 | RNWGX | ||
| 0.86 | 0.73 | 0.53 | 0.69 | FGROX | ||
| 0.78 | 0.53 | 0.82 | 0.69 | CDDYX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between APGZX 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WFPRX | 0.67 | (0.22) | 0.00 | (0.35) | 0.00 | 1.15 | 6.35 | |||
| HRAUX | 1.22 | (0.32) | 0.00 | (0.36) | 0.00 | 1.61 | 13.62 | |||
| RNWGX | 0.54 | (0.01) | (0.02) | (0.04) | 0.89 | 0.85 | 3.71 | |||
| FGROX | 1.15 | (0.26) | 0.00 | 0.36 | 0.00 | 1.35 | 10.28 | |||
| CDDYX | 0.56 | (0.08) | 0.00 | 2.11 | 0.00 | 0.89 | 4.34 |