Ab Small Correlations

SCAVX Fund

USD 16.19 0.01 0.06%

The current 90-days correlation between Ab Small Cap and Artisan High Income is 0.09 (i.e., Significant 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

Significant diversification

The correlation between Ab Small Cap and DJI is 0.06 (i.e., Significant 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 World Market Map 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 real.

Moving together with SCAVX Mutual Fund

0.94	SCCVX	Ab Small Cap	Pair Corr
0.91	SCRSX	Small Cap Core	Pair Corr
0.9	SCRYX	Small Cap Core	Pair Corr
0.9	SCRZX	Small Cap Core	Pair Corr
0.94	SCYVX	Ab Small Cap	Pair Corr
0.79	APGZX	Ab Large Cap	Pair Corr
0.79	APGYX	Ab Large Cap	Pair Corr
0.79	APGAX	Ab Large Cap	Pair Corr
0.78	APGCX	Ab Large Cap	Pair Corr

Moving against SCAVX Mutual Fund

0.55	ANAGX	Ab Global Bond	Pair Corr
0.55	ANACX	Ab Global Bond	Pair Corr
0.53	ANAZX	Ab Global Bond	Pair Corr
0.53	ANAYX	Ab Global Bond	Pair Corr
0.53	ANAIX	Ab Global Bond	Pair Corr
0.45	ANBIX	Ab Bond Inflation	Pair Corr
0.37	AMNCX	Ab Minnesota Portfolio	Pair Corr
0.36	AMNAX	Ab Minnesota Portfolio	Pair Corr
0.59	STHAX	Ab Sustainable Thematic	Pair Corr
0.58	STHYX	Ab Sustainable Thematic	Pair Corr
0.33	AOHCX	Ab Ohio Portfolio	Pair Corr
0.31	ANJCX	Ab New Jersey	Pair Corr
0.31	ANYCX	Ab New York	Pair Corr

Related Correlations Analysis

	APDFX	QLMABX	PARCX	WAHSX	NEAIX
APDFX		0.87	0.8	0.96	0.57	APDFX
QLMABX	0.87		0.93	0.8	0.82	QLMABX
PARCX	0.8	0.93		0.78	0.9	PARCX
WAHSX	0.96	0.8	0.78		0.54	WAHSX
NEAIX	0.57	0.82	0.9	0.54		NEAIX
	APDFX	QLMABX	PARCX	WAHSX	NEAIX

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Risk-Adjusted Indicators

There is a big difference between SCAVX 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
APDFX	0.11	0.03	(0.60)	0.56	0.00	(0.18)	0.33	(0.22)	0.90
QLMABX	0.48	(0.01)	(0.06)	0.12	0.57	(0.50)	0.95	(1.07)	3.04
PARCX	0.34	(0.02)	(0.17)	0.08	0.40	(0.36)	0.66	(0.76)	2.10
WAHSX	0.13	0.02	(0.54)	0.58	0.00	(0.24)	0.43	(0.14)	0.86
NEAIX	1.05	(0.10)	(0.03)	0.06	1.27	(1.11)	2.19	(2.27)	6.71

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