Ab Global Correlations
| GCEAX Fund | USD 17.57 0.04 0.23% |
The current 90-days correlation between Ab Global E and Pender Real Estate is -0.05 (i.e., Good 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
Poor diversification
The correlation between Ab Global E and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Global E and DJI in the same portfolio, assuming nothing else is changed.
GCEAX |
Moving together with GCEAX Mutual Fund
| 0.64 | ANAZX | Ab Global Bond | PairCorr |
| 0.68 | ANAYX | Ab Global Bond | PairCorr |
| 0.64 | ANAGX | Ab Global Bond | PairCorr |
| 0.68 | ANAIX | Ab Global Bond | PairCorr |
| 0.64 | ANIAX | New York Municipal | PairCorr |
| 0.78 | STEYX | International Strategic | PairCorr |
| 0.89 | ARECX | Ab Global Real | PairCorr |
| 0.89 | AREAX | Ab Global Real | PairCorr |
| 0.94 | CIGYX | Ab Centrated Interna | PairCorr |
| 0.79 | ARRKX | Ab Global Real | PairCorr |
| 0.64 | ASCLX | Ab Select Longshort | PairCorr |
| 0.61 | ABNTX | Ab Bond Inflation | PairCorr |
| 0.61 | ABNOX | Ab Bond Inflation | PairCorr |
| 0.7 | ABVCX | Ab Value Fund | PairCorr |
| 0.9 | ABWAX | Ab All Market | PairCorr |
| 0.91 | ABWIX | Ab All Market | PairCorr |
| 0.73 | ATWAX | Ab Tax Managed | PairCorr |
| 0.71 | ATWCX | Ab Tax Managed | PairCorr |
| 0.73 | ATWYX | Ab Tax Managed | PairCorr |
| 0.71 | AUIIX | Ab Equity Income | PairCorr |
| 0.61 | AUIZX | Ab Equity Income | PairCorr |
| 0.71 | AUIYX | Ab Equity Income | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between GCEAX 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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PNDIX | 0.04 | 0.02 | 0.00 | 1.97 | 0.00 | 0.10 | 0.10 | |||
| REINX | 0.92 | (0.02) | 0.00 | (0.11) | 0.00 | 1.61 | 4.62 | |||
| PAREX | 1.00 | (0.06) | 0.00 | (0.16) | 0.00 | 1.65 | 6.34 | |||
| FIKMX | 0.27 | 0.02 | 0.22 | 0.07 | 0.30 | 0.59 | 1.36 | |||
| FORFX | 0.05 | 0.03 | 0.00 | 4.56 | 0.00 | 0.11 | 0.32 | |||
| ZRPTUX | 0.08 | (0.01) | 0.00 | (0.42) | 0.00 | 0.15 | 0.98 | |||
| TRREX | 1.01 | (0.12) | 0.00 | (2.07) | 0.00 | 1.63 | 6.60 |