Ab Concentrated Correlations

Mutual Funds USA . 
Fund . Ab Centrated International
CIGYX Fund  USD 10.70  0.04  0.38%   
The current 90-days correlation between Ab Centrated Interna and Ab Global E is 0.85 (i.e., Very poor diversification). The correlation of Ab Concentrated 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 Concentrated Correlation With Market

Very weak diversification

The correlation between Ab Centrated International and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Centrated International 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 Centrated International. 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 manufacturing.

Moving together with CIGYX Mutual Fund

  0.94GCEAX Ab Global EPairCorr
  0.94GCECX Ab Global EPairCorr
  0.94GCEYX Ab Global EPairCorr
  0.81AMTAX Ab All MarketPairCorr
  0.81AMTZX Ab All MarketPairCorr
  0.81AMTYX Ab All MarketPairCorr
  0.81AMTOX Ab All MarketPairCorr
  0.67ANAZX Ab Global BondPairCorr
  0.69ANAYX Ab Global BondPairCorr
  0.68ANAGX Ab Global BondPairCorr
  0.7ANAIX Ab Global BondPairCorr
  0.7ANACX Ab Global BondPairCorr
  0.65ANBIX Ab Bond InflationPairCorr
  0.71ANIAX New York MunicipalPairCorr
  0.62ANJAX Ab New JerseyPairCorr
  0.67ANIYX New York MunicipalPairCorr
  0.68ANMCX New York MunicipalPairCorr
  0.79STEYX International StrategicPairCorr
  0.79STEZX International StrategicPairCorr
  0.8STESX International StrategicPairCorr
  0.65STHAX Ab Sustainable ThematicPairCorr
  0.61STHYX Ab Sustainable ThematicPairCorr
  0.61AOHAX Ab Ohio PortfolioPairCorr
  0.67APAAX Ab Pennsylvania PortfolioPairCorr

Related Correlations Analysis

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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   
SCYVX
+ 0.98
CHCYX
ABYSX
+ 0.97
CHCYX
ABYSX
+ 0.97
SCYVX
CHCYX
+ 0.95
WPSGX
SCYVX
+ 0.95
WPSGX
ABYSX
+ 0.95
WPSGX
  
High negative correlations   
SCYVX
- 0.03
GCEYX
CHCYX
- 0.0
GCEYX

Risk-Adjusted Indicators

There is a big difference between CIGYX Mutual Fund performing well and Ab Concentrated 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 Concentrated'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.

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