Ab Global Correlations

Mutual Funds . USA . 
Fund . Ab Global Risk
CABNX Fund  USD 14.97  0.10  0.67%   
The current 90-days correlation between Ab Global Risk and Ab Global E is 0.25 (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 Risk and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Global Risk 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 Risk. 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 board of governors.

Moving together with CABNX Mutual Fund

  0.78GCEAX Ab Global EPairCorr
  0.75GCECX Ab Global EPairCorr
  0.8GCEYX Ab Global EPairCorr
  0.86AMTAX Ab All MarketPairCorr
  0.87AMTZX Ab All MarketPairCorr
  0.86AMTYX Ab All MarketPairCorr
  0.86AMTOX Ab All MarketPairCorr
  0.62ANBIX Ab Bond InflationPairCorr
  0.71STEZX International StrategicPairCorr
  0.69STESX International StrategicPairCorr
  0.75SCRSX Small Cap CorePairCorr
  0.74SCRYX Small Cap CorePairCorr
  0.75SCRZX Small Cap CorePairCorr
  0.64APGCX Ab Large CapPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between CABNX 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GCEAX  0.56 (0.11) 0.00 (0.14) 0.00 
 0.00 
 0.79 
(1.24)
 4.70 
GCECX  0.55 (0.10) 0.00 (0.14) 0.00 
 0.00 
 0.82 
(1.22)
 4.69 
GCEYX  0.56 (0.11) 0.00 (0.16) 0.00 
 0.00 
 0.79 
(1.24)
 5.18 
AMNCX  0.16 (0.04) 0.00  1.77  0.00 
 0.00 
 0.31 
(0.41)
 1.15 
AMNAX  0.16 (0.04) 0.00  2.33  0.00 
 0.00 
 0.31 
(0.42)
 1.15 
AMTAX  0.48 (0.11) 0.00 (0.30) 0.00 
 0.00 
 0.95 
(1.05)
 3.46 
AMTZX  0.48 (0.12) 0.00 (0.31) 0.00 
 0.00 
 0.97 
(1.06)
 3.42 
AMTYX  0.48 (0.11) 0.00 (0.32) 0.00 
 0.00 
 0.85 
(1.05)
 3.48 
AMTOX  0.49 (0.11) 0.00 (0.32) 0.00 
 0.00 
 0.98 
(1.08)
 3.45 
ANAZX  0.20 (0.04) 0.00 (0.99) 0.00 
 0.00 
 0.29 
(0.44)
 1.16 

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY