Ab Flexfee Correlations

Mutual Funds . USA . 
Fund . Ab Flexfee Thematic
FFTYX Fund  USD 14.82  0.02  0.13%   
The current 90-days correlation between Ab Flexfee Thematic and Artisan High Income is 0.42 (i.e., Very weak diversification). The correlation of Ab Flexfee 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 Flexfee Correlation With Market

Poor diversification

The correlation between Ab Flexfee Thematic and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Flexfee Thematic and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ab Flexfee Thematic. 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 FFTYX Mutual Fund

  0.97SCAVX Ab Small CapPairCorr
  0.97SCCVX Ab Small CapPairCorr
  0.97SCRSX Small Cap CorePairCorr
  0.97SCRYX Small Cap CorePairCorr
  0.97SCRZX Small Cap CorePairCorr
  0.97SCYVX Ab Small CapPairCorr
  0.97APGZX Ab Large CapPairCorr
  0.97APGYX Ab Large CapPairCorr
  0.97APGAX Ab Large CapPairCorr
  0.97APGCX Ab Large CapPairCorr

Moving against FFTYX Mutual Fund

  0.72ANBIX Ab Bond InflationPairCorr
  0.5ANAGX Ab Global BondPairCorr
  0.49ANAZX Ab Global BondPairCorr
  0.49ANAYX Ab Global BondPairCorr
  0.48ANAIX Ab Global BondPairCorr
  0.43AMNAX Ab Minnesota PortfolioPairCorr
  0.43ANACX Ab Global BondPairCorr
  0.36AMNCX Ab Minnesota PortfolioPairCorr
  0.36ANIAX New York MunicipalPairCorr
  0.35ANJAX Ab New JerseyPairCorr
  0.66STHAX Ab Sustainable ThematicPairCorr
  0.66STHYX Ab Sustainable ThematicPairCorr
  0.55APAAX Ab Pennsylvania PortfolioPairCorr
  0.53STEYX International StrategicPairCorr
  0.53STEZX International StrategicPairCorr
  0.53STESX International StrategicPairCorr
  0.53APACX Ab Pennsylvania PortfolioPairCorr
  0.38AOHAX Ab Ohio PortfolioPairCorr
  0.36ANIYX New York MunicipalPairCorr
  0.36AOHCX Ab Ohio PortfolioPairCorr
  0.32ANJCX Ab New JerseyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between FFTYX Mutual Fund performing well and Ab Flexfee 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 Flexfee'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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