Ab Global Correlations

GCEYX Fund

USD 17.57 0.04 0.23%

The current 90-days correlation between Ab Global E and Eip Growth And is -0.08 (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

Good diversification

The correlation between Ab Global E and DJI is -0.05 (i.e., Good 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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ab Global E. 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 GCEYX Mutual Fund

0.73	FCWGX	American Funds Capital	Pair Corr
0.73	FWCGX	American Funds Capital	Pair Corr
0.72	CWGIX	Capital World Growth	Pair Corr
0.71	CWGFX	Capital World Growth	Pair Corr
0.69	CWGCX	Capital World Growth	Pair Corr
0.7	RWIFX	Capital World Growth	Pair Corr
0.71	CWICX	Capital World Growth	Pair Corr
0.71	RWIAX	Capital World Growth	Pair Corr
0.71	CWIAX	Capital World Growth	Pair Corr
0.71	WGIFX	Capital World Growth	Pair Corr
0.64	XPPRX	Voya Prime Rate	Pair Corr
0.69	PCF	Putnam High Income	Pair Corr
0.61	MMM	3M Company	Pair Corr
0.74	DD	Dupont De Nemours	Pair Corr
0.68	GE	GE Aerospace	Pair Corr
0.65	IBM	International Business	Pair Corr

Moving against GCEYX Mutual Fund

0.68

MRK

Merck Company

Pair Corr

Related Correlations Analysis

	EIPIX	LONAX	CDGCX	JHLGX	TAAKX	PAGLX	FFCGX	GFAFX
EIPIX		0.51	0.28	0.62	0.32	0.48	0.71	0.3	EIPIX
LONAX	0.51		0.53	0.89	0.87	0.93	0.72	0.85	LONAX
CDGCX	0.28	0.53		0.64	0.8	0.45	0.51	0.56	CDGCX
JHLGX	0.62	0.89	0.64		0.86	0.94	0.94	0.74	JHLGX
TAAKX	0.32	0.87	0.8	0.86		0.84	0.67	0.84	TAAKX
PAGLX	0.48	0.93	0.45	0.94	0.84		0.85	0.78	PAGLX
FFCGX	0.71	0.72	0.51	0.94	0.67	0.85		0.53	FFCGX
GFAFX	0.3	0.85	0.56	0.74	0.84	0.78	0.53		GFAFX
	EIPIX	LONAX	CDGCX	JHLGX	TAAKX	PAGLX	FFCGX	GFAFX

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Risk-Adjusted Indicators

There is a big difference between GCEYX 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
EIPIX	0.83	0.02	(0.04)	1.68	(1.72)	7.26
LONAX	0.57	(0.06)	(0.18)	1.06	(1.42)	3.16
CDGCX	0.66	(0.03)	(0.13)	1.12	(1.61)	7.00
JHLGX	0.59	(0.01)	(0.09)	1.05	(1.26)	3.49
TAAKX	0.84	(0.05)	(0.13)	1.39	(1.78)	5.92
PAGLX	0.75	(0.03)	(0.11)	1.11	(1.62)	4.65
FFCGX	0.74	0.02	(0.04)	1.37	(1.56)	4.66
GFAFX	1.13	(0.28)	0.55	1.56	(2.35)	12.57

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