Ab Small Correlations

QUASX Fund

USD 57.36 1.26 2.25%

The current 90-days correlation between Ab Small Cap and Ab Large Cap is 0.88 (i.e., Very poor diversification). The correlation of Ab Small 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 Small Correlation With Market

Good diversification

The correlation between Ab Small Cap and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Small Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ab Small Cap. 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 state.

Moving together with QUASX Mutual Fund

0.65	VSGAX	Vanguard Small Cap	Pair Corr
0.98	VSGIX	Vanguard Small Cap	Pair Corr
0.98	VISGX	Vanguard Small Cap	Pair Corr
0.95	VEXPX	Vanguard Explorer	Pair Corr
0.95	VEXRX	Vanguard Explorer	Pair Corr
0.95	JGMIX	Janus Triton	Pair Corr
0.95	JGMRX	Janus Triton	Pair Corr
0.67	JGMAX	Janus Triton	Pair Corr
0.95	JGMCX	Janus Triton	Pair Corr
0.7	GPMFX	Guidepath Managed Futures	Pair Corr
0.67	BA	Boeing Buyout Trend	Pair Corr
0.62	HD	Home Depot	Pair Corr
0.83	AXP	American Express	Pair Corr

Moving against QUASX Mutual Fund

0.92	GAAKX	Gmo Alternative Allo	Pair Corr
0.87	GAAGX	Gmo Alternative Allo	Pair Corr
0.75	GPBFX	Gmo E Plus	Pair Corr
0.41	WARCX	Wells Fargo Advantage	Pair Corr
0.77	VZ	Verizon Communications Aggressive Push	Pair Corr
0.67	MCD	McDonalds	Pair Corr
0.63	TRV	The Travelers Companies	Pair Corr
0.62	PG	Procter Gamble	Pair Corr
0.6	JNJ	Johnson Johnson	Pair Corr
0.32	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr

Related Correlations Analysis

	APGAX	AGRFX	CHCLX	ALTFX	CABDX
APGAX		1.0	0.92	0.98	0.58	APGAX
AGRFX	1.0		0.92	0.98	0.59	AGRFX
CHCLX	0.92	0.92		0.92	0.54	CHCLX
ALTFX	0.98	0.98	0.92		0.59	ALTFX
CABDX	0.58	0.59	0.54	0.59		CABDX
	APGAX	AGRFX	CHCLX	ALTFX	CABDX

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Risk-Adjusted Indicators

There is a big difference between QUASX Mutual Fund performing well and Ab Small 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 Small'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
APGAX	1.04	(0.14)	0.00	0.74	0.00	0.00	1.68	(2.75)	5.24
AGRFX	1.09	(0.15)	0.00	0.76	0.00	0.00	1.58	(2.75)	5.40
CHCLX	1.25	(0.15)	0.00	(0.21)	0.00	0.00	2.10	(3.44)	6.24
ALTFX	0.82	(0.08)	0.00	0.88	0.00	0.00	1.35	(1.94)	4.29
CABDX	0.63	0.02	0.11	(1.35)	0.80	(0.60)	0.97	(1.26)	2.95

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