Ab Tax-managed Correlations
| ATWAX Fund | USD 22.24 0.30 1.37% |
The current 90-days correlation between Ab Tax Managed and Blackrock Global Longshort is -0.26 (i.e., Very good diversification). The correlation of Ab Tax-managed 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 Tax-managed Correlation With Market
Poor diversification
The correlation between Ab Tax Managed Wealth and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Tax Managed Wealth and DJI in the same portfolio, assuming nothing else is changed.
ATWAX |
Moving together with ATWAX Mutual Fund
| 0.68 | GCEAX | Ab Global E | PairCorr |
| 0.7 | GCECX | Ab Global E | PairCorr |
| 0.68 | GCEYX | Ab Global E | PairCorr |
| 0.69 | SCAVX | Ab Small Cap | PairCorr |
| 0.68 | SCCVX | Ab Small Cap | PairCorr |
| 0.74 | SCRSX | Small Cap Core | PairCorr |
| 0.75 | SCRYX | Small Cap Core | PairCorr |
| 0.75 | SCRZX | Small Cap Core | PairCorr |
| 0.69 | SCYVX | Ab Small Cap | PairCorr |
| 0.83 | APGZX | Ab Large Cap | PairCorr |
| 0.83 | APGYX | Ab Large Cap | PairCorr |
| 0.83 | APGAX | Ab Large Cap | PairCorr |
| 0.83 | APGCX | Ab Large Cap | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between ATWAX Mutual Fund performing well and Ab Tax-managed 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 Tax-managed'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BDMKX | 0.08 | 0.01 | 0.26 | (0.69) | 0.00 | 0.11 | 0.44 | |||
| FSHAX | 0.05 | 0.00 | 0.22 | (0.22) | 0.00 | 0.10 | 0.51 | |||
| VUBFX | 0.04 | 0.01 | 0.00 | (1.34) | 0.00 | 0.10 | 0.20 | |||
| AOUNX | 0.05 | 0.01 | 0.00 | (0.64) | 0.00 | 0.10 | 0.52 | |||
| RSDIX | 0.09 | 0.01 | 0.40 | (0.45) | 0.00 | 0.21 | 0.62 | |||
| CMGUX | 0.04 | 0.01 | 0.00 | (0.61) | 0.00 | 0.11 | 0.54 | |||
| FMUUX | 0.03 | 0.00 | 0.00 | (0.06) | 0.00 | 0.10 | 0.40 | |||
| ATOAX | 0.02 | 0.00 | 0.00 | (0.07) | 0.00 | 0.00 | 0.30 |