Ab Sustainable Correlations

ATECX Fund

USD 98.94 1.28 1.31%

The current 90-days correlation between Ab Sustainable Global and Artisan High Income is -0.19 (i.e., Good diversification). The correlation of Ab Sustainable 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 Sustainable Correlation With Market

Poor diversification

The correlation between Ab Sustainable Global and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Sustainable Global 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 Sustainable Global. 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 ATECX Mutual Fund

0.95	SCAVX	Ab Small Cap	Pair Corr
0.86	SCCVX	Ab Small Cap	Pair Corr
0.97	SCRSX	Small Cap Core	Pair Corr
0.97	SCRYX	Small Cap Core	Pair Corr
0.89	SCRZX	Small Cap Core	Pair Corr
0.95	SCYVX	Ab Small Cap	Pair Corr
0.98	APGZX	Ab Large Cap	Pair Corr
0.98	APGYX	Ab Large Cap	Pair Corr
0.98	APGAX	Ab Large Cap	Pair Corr
0.98	APGCX	Ab Large Cap	Pair Corr

Moving against ATECX Mutual Fund

0.62	ANBIX	Ab Bond Inflation	Pair Corr
0.42	ANAGX	Ab Global Bond	Pair Corr
0.41	ANAZX	Ab Global Bond	Pair Corr
0.38	AMNAX	Ab Minnesota Portfolio	Pair Corr
0.36	ANAYX	Ab Global Bond	Pair Corr
0.35	AMNCX	Ab Minnesota Portfolio	Pair Corr
0.35	ANAIX	Ab Global Bond	Pair Corr
0.31	ANACX	Ab Global Bond	Pair Corr
0.6	STHYX	Ab Sustainable Thematic	Pair Corr
0.53	STHAX	Ab Sustainable Thematic	Pair Corr
0.44	APACX	Ab Pennsylvania Portfolio	Pair Corr
0.43	APAAX	Ab Pennsylvania Portfolio	Pair Corr
0.39	STEYX	International Strategic	Pair Corr
0.39	STEZX	International Strategic	Pair Corr
0.32	STESX	International Strategic	Pair Corr

Related Correlations Analysis

	ARTFX	BBINX	ABNCX	BMOPX	TTRBX	FMUUX	MIIIX	JAFLX
ARTFX		0.86	0.83	0.76	0.82	0.89	0.72	0.75	ARTFX
BBINX	0.86		0.84	0.87	0.88	0.88	0.84	0.85	BBINX
ABNCX	0.83	0.84		0.97	0.98	0.94	0.96	0.97	ABNCX
BMOPX	0.76	0.87	0.97		0.99	0.89	1.0	1.0	BMOPX
TTRBX	0.82	0.88	0.98	0.99		0.93	0.97	0.98	TTRBX
FMUUX	0.89	0.88	0.94	0.89	0.93		0.86	0.88	FMUUX
MIIIX	0.72	0.84	0.96	1.0	0.97	0.86		1.0	MIIIX
JAFLX	0.75	0.85	0.97	1.0	0.98	0.88	1.0		JAFLX
	ARTFX	BBINX	ABNCX	BMOPX	TTRBX	FMUUX	MIIIX	JAFLX

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Risk-Adjusted Indicators

There is a big difference between ATECX Mutual Fund performing well and Ab Sustainable 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 Sustainable'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
ARTFX	0.13	0.00	0.19	(0.07)	0.09	(0.20)	0.44	(0.22)	0.89
BBINX	0.13	(0.01)	0.12	0.28	0.17	(0.18)	0.29	(0.30)	0.78
ABNCX	0.16	0.02	0.28	1.39	0.00	(0.20)	0.30	(0.30)	0.90
BMOPX	0.23	0.01	0.14	0.48	0.24	(0.27)	0.55	(0.44)	1.36
TTRBX	0.16	0.01	0.22	1.13	0.10	(0.19)	0.40	(0.30)	0.82
FMUUX	0.03	0.00	0.00	(0.06)	0.00	0.00	0.10	0.00	0.40
MIIIX	0.25	0.01	0.15	0.64	0.23	(0.32)	0.54	(0.43)	1.42
JAFLX	0.25	0.01	0.15	0.34	0.23	(0.30)	0.61	(0.50)	1.44

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