Ab Sustainable Correlations

STHAX Fund

USD 8.35 0.01 0.12%

The current 90-days correlation between Ab Sustainable Thematic and Franklin Mutual Global is 0.06 (i.e., Significant diversification). The correlation of Ab Sustainable 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 Sustainable Correlation With Market

Modest diversification

The correlation between Ab Sustainable Thematic and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Sustainable Thematic 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 Sustainable Thematic. 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 nation.

Moving together with STHAX Mutual Fund

0.77	AMNCX	Ab Minnesota Portfolio	Pair Corr
0.85	AMNAX	Ab Minnesota Portfolio	Pair Corr
0.81	ANAZX	Ab Global Bond	Pair Corr
0.95	ANAYX	Ab Global Bond	Pair Corr
0.81	ANAGX	Ab Global Bond	Pair Corr
0.95	ANAIX	Ab Global Bond	Pair Corr
0.82	ANACX	Ab Global Bond	Pair Corr
0.75	ANBIX	Ab Bond Inflation	Pair Corr
0.82	ANIAX	New York Municipal	Pair Corr
0.68	ANJAX	Ab New Jersey	Pair Corr
0.68	ANJCX	Ab New Jersey	Pair Corr
0.87	ANIYX	New York Municipal	Pair Corr
0.77	ANMCX	New York Municipal	Pair Corr
0.69	ANYCX	Ab New York	Pair Corr
0.65	STEYX	International Strategic	Pair Corr
0.65	STEZX	International Strategic	Pair Corr
0.84	STESX	International Strategic	Pair Corr
0.87	STHYX	Ab Sustainable Thematic	Pair Corr
0.72	AOHAX	Ab Ohio Portfolio	Pair Corr
0.8	AOHCX	Ab Ohio Portfolio	Pair Corr
0.77	APAAX	Ab Pennsylvania Portfolio	Pair Corr
0.86	APACX	Ab Pennsylvania Portfolio	Pair Corr

Moving against STHAX Mutual Fund

0.66	SCCVX	Ab Small Cap	Pair Corr
0.58	SCAVX	Ab Small Cap	Pair Corr
0.57	SCRSX	Small Cap Core	Pair Corr
0.57	SCRYX	Small Cap Core	Pair Corr
0.67	SCRZX	Small Cap Core	Pair Corr
0.67	CHCCX	Ab Discovery Growth	Pair Corr
0.66	CHCLX	Ab Discovery Growth	Pair Corr
0.62	SUTCX	Ab Sustainable Thematic	Pair Corr
0.6	SUTAX	Ab Sustainable Thematic	Pair Corr
0.6	CHCIX	Ab Discovery Growth	Pair Corr

Related Correlations Analysis

	TEDIX	HRLAX	BXFIX	GWOAX	ANAGX	AQGNX	DODWX	GMADX
TEDIX		0.78	0.55	0.8	0.78	0.75	0.89	0.74	TEDIX
HRLAX	0.78		0.56	0.73	0.64	0.78	0.78	0.74	HRLAX
BXFIX	0.55	0.56		0.67	0.68	0.66	0.57	0.54	BXFIX
GWOAX	0.8	0.73	0.67		0.73	0.88	0.83	0.86	GWOAX
ANAGX	0.78	0.64	0.68	0.73		0.65	0.72	0.63	ANAGX
AQGNX	0.75	0.78	0.66	0.88	0.65		0.82	0.91	AQGNX
DODWX	0.89	0.78	0.57	0.83	0.72	0.82		0.81	DODWX
GMADX	0.74	0.74	0.54	0.86	0.63	0.91	0.81		GMADX
	TEDIX	HRLAX	BXFIX	GWOAX	ANAGX	AQGNX	DODWX	GMADX

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Risk-Adjusted Indicators

There is a big difference between STHAX Mutual Fund performing well and Ab Sustainable 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 Sustainable'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
TEDIX	0.65	0.00	0.00	0.00	1.60	(0.57)	1.01	(1.47)	7.35
HRLAX	0.33	0.09	0.15	0.40	0.37	(0.40)	0.83	(0.49)	2.05
BXFIX	0.08	(0.01)	(0.06)	0.24	0.06	(0.28)	0.23	(0.12)	0.93
GWOAX	0.61	0.03	0.03	(0.12)	0.84	(0.61)	1.29	(1.14)	3.92
ANAGX	0.19	0.00	(0.02)	0.12	0.20	(0.27)	0.44	(0.44)	1.46
AQGNX	0.85	0.09	0.07	0.09	1.00	(0.90)	1.55	(1.80)	5.59
DODWX	0.82	(0.08)	0.00	(0.11)	0.00	0.00	1.28	(1.11)	13.09
GMADX	0.73	0.04	0.03	0.06	1.30	(0.73)	1.26	(1.63)	11.02

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