Ab Relative Correlations
| CBBCX Fund | USD 6.30 0.02 0.32% |
The current 90-days correlation between Ab Relative Value and Smallcap Fund Fka is 0.77 (i.e., Poor diversification). The correlation of Ab Relative 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 Relative Correlation With Market
Poor diversification
The correlation between Ab Relative Value and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Relative Value and DJI in the same portfolio, assuming nothing else is changed.
CBBCX |
Moving together with CBBCX Mutual Fund
| 0.77 | AMTOX | Ab All Market | PairCorr |
| 0.72 | ARECX | Ab Global Real | PairCorr |
| 0.71 | CIAGX | Ab Centrated Interna | PairCorr |
| 0.91 | ASCLX | Ab Select Longshort | PairCorr |
| 0.98 | ABVCX | Ab Value Fund | PairCorr |
| 0.93 | ABWYX | Ab All Market | PairCorr |
| 0.63 | ABYSX | Ab Discovery Value | PairCorr |
| 0.96 | AUIAX | Ab Equity Income | PairCorr |
| 0.91 | AUUIX | Ab Select Equity | PairCorr |
| 0.91 | AUUYX | Ab Select Equity | PairCorr |
| 0.71 | AEEIX | Ab Global Real | PairCorr |
| 0.81 | AWPIX | Ab International Growth | PairCorr |
| 0.88 | CABIX | Ab Global Risk | PairCorr |
| 1.0 | CABDX | Ab Relative Value | PairCorr |
Related Correlations Analysis
| 0.94 | 0.93 | 0.99 | 0.74 | 0.78 | PSBMX | ||
| 0.94 | 0.88 | 0.96 | 0.7 | 0.7 | MSSGX | ||
| 0.93 | 0.88 | 0.92 | 0.61 | 0.81 | SECAX | ||
| 0.99 | 0.96 | 0.92 | 0.72 | 0.73 | GMAPX | ||
| 0.74 | 0.7 | 0.61 | 0.72 | 0.78 | GLVIX | ||
| 0.78 | 0.7 | 0.81 | 0.73 | 0.78 | OWSMX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between CBBCX Mutual Fund performing well and Ab Relative 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 Relative'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PSBMX | 1.01 | (0.14) | 0.00 | (0.21) | 0.00 | 1.64 | 5.36 | |||
| MSSGX | 1.79 | (0.09) | 0.00 | (0.14) | 0.00 | 3.70 | 10.50 | |||
| SECAX | 1.06 | (0.23) | 0.00 | (0.30) | 0.00 | 1.46 | 11.65 | |||
| GMAPX | 0.99 | (0.12) | 0.00 | (0.18) | 0.00 | 1.80 | 5.33 | |||
| GLVIX | 0.92 | (0.03) | 0.00 | (0.10) | 0.00 | 1.50 | 5.60 | |||
| OWSMX | 0.67 | (0.06) | 0.00 | (0.17) | 0.00 | 1.19 | 3.89 |