Ab Relative Correlations
| CBBYX Fund | USD 6.35 0.02 0.31% |
The current 90-days correlation between Ab Relative Value and Fidelity Advisor Diversified is 0.64 (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 0.75 (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.
CBBYX |
Moving together with CBBYX Mutual Fund
| 0.83 | GCEAX | Ab Global E | PairCorr |
| 0.73 | ARECX | Ab Global Real | PairCorr |
| 0.73 | AREAX | Ab Global Real | PairCorr |
| 0.62 | CIGYX | Ab Centrated Interna | PairCorr |
| 0.73 | ARRKX | Ab Global Real | PairCorr |
| 0.85 | ASCLX | Ab Select Longshort | PairCorr |
| 0.92 | ABVCX | Ab Value Fund | PairCorr |
| 0.93 | ABWAX | Ab All Market | PairCorr |
| 0.93 | ABWIX | Ab All Market | PairCorr |
| 0.89 | ATWAX | Ab Tax Managed | PairCorr |
| 0.88 | ATWCX | Ab Tax Managed | PairCorr |
| 0.9 | ATWYX | Ab Tax Managed | PairCorr |
Related Correlations Analysis
| 0.76 | 0.8 | 0.61 | 0.84 | FZABX | ||
| 0.76 | 0.45 | 0.93 | 0.42 | LIGFX | ||
| 0.8 | 0.45 | 0.23 | 0.86 | ACDOX | ||
| 0.61 | 0.93 | 0.23 | 0.3 | LBISX | ||
| 0.84 | 0.42 | 0.86 | 0.3 | QDARX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between CBBYX 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FZABX | 0.74 | 0.11 | 0.12 | 0.10 | 1.01 | 1.45 | 6.16 | |||
| LIGFX | 0.32 | 0.01 | 0.00 | (0.03) | 0.00 | 0.55 | 1.75 | |||
| ACDOX | 0.25 | 0.01 | 0.25 | (0.17) | 0.23 | 0.55 | 1.46 | |||
| LBISX | 0.65 | 0.04 | 0.00 | (0.02) | 0.00 | 1.34 | 3.76 | |||
| QDARX | 0.08 | 0.03 | 0.90 | (11.92) | 0.00 | 0.25 | 0.49 |