Abbey Capital Correlations
MAFCX Fund | USD 10.80 0.05 0.46% |
The current 90-days correlation between Abbey Capital Multi and Ambrus Core Bond is -0.21 (i.e., Very good diversification). The correlation of Abbey Capital 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.
Abbey Capital Correlation With Market
Very weak diversification
The correlation between Abbey Capital Multi and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Abbey Capital Multi and DJI in the same portfolio, assuming nothing else is changed.
Abbey |
Moving together with Abbey Mutual Fund
0.86 | ABYIX | Abbey Capital Futures | PairCorr |
0.86 | ABYAX | Abbey Capital Futures | PairCorr |
0.87 | ABYCX | Abbey Capital Futures | PairCorr |
1.0 | MAFAX | Abbey Capital Multi | PairCorr |
1.0 | MAFIX | Abbey Capital Multi | PairCorr |
Moving against Abbey Mutual Fund
0.7 | QSPRX | Aqr Style Premia | PairCorr |
0.55 | BIMBX | Blackrock Alternative | PairCorr |
0.55 | BAMBX | Blackrock Alternative | PairCorr |
0.55 | BKMBX | Blackrock Systematic | PairCorr |
0.53 | BMBCX | Blackrock Alternative | PairCorr |
0.52 | NHS | Neuberger Berman High | PairCorr |
0.84 | VSGDX | Vanguard Short Term | PairCorr |
0.79 | CIHCX | Cullen International High | PairCorr |
0.78 | VTAPX | Vanguard Short Term | PairCorr |
0.77 | HRBDX | Harbor Bond Fund | PairCorr |
0.75 | LIRRX | Lord Abbett International | PairCorr |
0.72 | EPDPX | Europac International | PairCorr |
0.68 | VMLTX | Vanguard Limited Term | PairCorr |
0.67 | PYCTX | Payden Rygel | PairCorr |
0.56 | SAEMX | Sa Emerging Markets | PairCorr |
0.45 | VGWAX | Vanguard Global Well | PairCorr |
0.33 | CTYCX | American Funds Lege | PairCorr |
0.86 | AMAPX | Amana Participation | PairCorr |
0.82 | TASTX | Transamerica Short Term | PairCorr |
0.79 | USGDX | Morgan Stanley Government | PairCorr |
0.78 | PSDNX | Putnam Ultra Short | PairCorr |
0.77 | BISMX | Brandes International | PairCorr |
0.76 | ABNOX | Ab Bond Inflation | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Abbey Mutual Fund performing well and Abbey Capital 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 Abbey Capital'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
TTRBX | 0.15 | 0.01 | 0.40 | 0.76 | 0.05 | 0.40 | 0.82 | |||
BMOPX | 0.23 | 0.02 | 0.26 | 0.55 | 0.21 | 0.55 | 1.36 | |||
JAFLX | 0.24 | 0.02 | 0.28 | 0.42 | 0.20 | 0.61 | 1.44 | |||
ABNCX | 0.16 | 0.02 | 0.44 | 0.96 | 0.00 | 0.30 | 0.90 | |||
CBOEX | 0.17 | 0.02 | 0.39 | 0.64 | 0.07 | 0.33 | 0.98 | |||
MBSAX | 0.18 | 0.02 | 0.29 | 0.16 | 0.19 | 0.36 | 1.34 | |||
GANPX | 0.06 | 0.00 | 0.42 | 0.03 | 0.00 | 0.10 | 0.48 | |||
ABNTX | 0.15 | 0.03 | 0.41 | 2.19 | 0.00 | 0.30 | 0.99 |