Ab Global Correlations

ARRKX Fund

USD 14.30 0.17 1.20%

The current 90-days correlation between Ab Global Real and Absolute Convertible Arbitrage is 0.21 (i.e., Modest 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

Modest diversification

The correlation between Ab Global Real and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Global Real 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 Real. 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 industry.

Moving together with ARRKX Mutual Fund

0.91	GCEAX	Ab Global E	Pair Corr
0.9	GCECX	Ab Global E	Pair Corr
0.91	GCEYX	Ab Global E	Pair Corr
0.62	AMNCX	Ab Minnesota Portfolio	Pair Corr
0.61	AMNAX	Ab Minnesota Portfolio	Pair Corr
0.97	AMTAX	Ab All Market	Pair Corr
0.97	AMTZX	Ab All Market	Pair Corr
0.97	AMTYX	Ab All Market	Pair Corr
0.74	AMTOX	Ab All Market	Pair Corr
0.61	ANAYX	Ab Global Bond	Pair Corr
0.62	ANAIX	Ab Global Bond	Pair Corr
0.63	ANACX	Ab Global Bond	Pair Corr
0.64	STEYX	International Strategic	Pair Corr
0.62	STEZX	International Strategic	Pair Corr
0.86	STESX	International Strategic	Pair Corr
0.82	STHAX	Ab Sustainable Thematic	Pair Corr
0.7	STHYX	Ab Sustainable Thematic	Pair Corr
0.62	APAAX	Ab Pennsylvania Portfolio	Pair Corr
0.83	SCRSX	Small Cap Core	Pair Corr
0.83	SCRYX	Small Cap Core	Pair Corr
0.76	SCRZX	Small Cap Core	Pair Corr
0.65	APGAX	Ab Large Cap	Pair Corr

Moving against ARRKX Mutual Fund

0.39

APGCX

Ab Large Cap

Pair Corr

Related Correlations Analysis

	ARBOX	XAVKX	CNSFX	MCINX	XNCVX	CICVX
ARBOX		0.42	0.57	0.8	0.42	0.47	ARBOX
XAVKX	0.42		0.67	0.68	0.64	0.66	XAVKX
CNSFX	0.57	0.67		0.65	0.97	0.98	CNSFX
MCINX	0.8	0.68	0.65		0.49	0.56	MCINX
XNCVX	0.42	0.64	0.97	0.49		0.98	XNCVX
CICVX	0.47	0.66	0.98	0.56	0.98		CICVX
	ARBOX	XAVKX	CNSFX	MCINX	XNCVX	CICVX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between ARRKX 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
ARBOX	0.10	(0.04)	0.00	(2.20)	0.00	0.00	0.09	(0.09)	1.76
XAVKX	0.51	(0.03)	0.00	(0.27)	0.00	0.00	0.90	(1.13)	4.06
CNSFX	0.48	0.03	0.03	0.19	0.63	(0.54)	0.93	(0.75)	3.61
MCINX	0.40	(0.05)	0.00	(0.22)	0.00	0.00	0.70	(0.57)	5.00
XNCVX	0.54	0.04	0.03	0.21	0.69	(0.65)	1.07	(0.99)	4.37
CICVX	0.48	0.04	0.04	0.26	0.62	(0.52)	0.99	(0.90)	3.54

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