Ab International Correlations
| AWPAX Fund | USD 19.23 0.13 0.68% |
The current 90-days correlation between Ab International Growth and Multisector Bond Sma is 0.63 (i.e., Poor diversification). The correlation of Ab International 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 International Correlation With Market
Weak diversification
The correlation between Ab International Growth and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab International Growth and DJI in the same portfolio, assuming nothing else is changed.
AWPAX |
Moving together with AWPAX Mutual Fund
| 0.87 | GCEAX | Ab Global E | PairCorr |
| 0.88 | GCECX | Ab Global E | PairCorr |
| 0.87 | GCEYX | Ab Global E | PairCorr |
| 0.79 | AMTAX | Ab All Market | PairCorr |
| 0.79 | AMTZX | Ab All Market | PairCorr |
| 0.79 | AMTYX | Ab All Market | PairCorr |
| 0.79 | AMTOX | Ab All Market | PairCorr |
| 0.73 | ANBIX | Ab Bond Inflation | PairCorr |
| 0.84 | STEYX | International Strategic | PairCorr |
| 0.84 | STEZX | International Strategic | PairCorr |
| 0.84 | STESX | International Strategic | PairCorr |
| 0.77 | STHAX | Ab Sustainable Thematic | PairCorr |
| 0.74 | STHYX | Ab Sustainable Thematic | PairCorr |
| 0.65 | SCRSX | Small Cap Core | PairCorr |
| 0.65 | SCRYX | Small Cap Core | PairCorr |
| 0.65 | SCRZX | Small Cap Core | PairCorr |
| 0.66 | APGCX | Ab Large Cap | PairCorr |
Related Correlations Analysis
| 0.77 | 0.79 | 0.76 | 0.0 | 0.8 | 0.1 | MBSAX | ||
| 0.77 | 0.57 | 0.71 | 0.0 | 0.62 | 0.14 | MSTBX | ||
| 0.79 | 0.57 | 0.81 | 0.0 | 1.0 | 0.02 | TBGAX | ||
| 0.76 | 0.71 | 0.81 | 0.0 | 0.83 | 0.25 | ANAGX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | AGRXX | ||
| 0.8 | 0.62 | 1.0 | 0.83 | 0.0 | 0.02 | TFBIX | ||
| 0.1 | 0.14 | 0.02 | 0.25 | 0.0 | 0.02 | MWCSX | ||
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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 AWPAX Mutual Fund performing well and Ab International 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 International'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MBSAX | 0.22 | (0.01) | (0.07) | (0.04) | 0.30 | 0.52 | 1.55 | |||
| MSTBX | 0.10 | (0.01) | (0.15) | (0.22) | 0.09 | 0.21 | 0.62 | |||
| TBGAX | 0.23 | (0.02) | 0.00 | (0.28) | 0.00 | 0.46 | 1.75 | |||
| ANAGX | 0.19 | (0.02) | 0.00 | (0.39) | 0.00 | 0.44 | 1.16 | |||
| AGRXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TFBIX | 0.20 | (0.02) | 0.00 | (0.29) | 0.00 | 0.40 | 1.59 | |||
| MWCSX | 0.02 | (0.01) | 0.00 | (0.98) | 0.00 | 0.00 | 0.97 |