Ab Sustainable Correlations

STHYX Fund

USD 8.34 0.03 0.36%

The current 90-days correlation between Ab Sustainable Thematic and Ab All Market is -0.15 (i.e., Good 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

Good diversification

The correlation between Ab Sustainable Thematic and DJI is -0.2 (i.e., Good 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 manufacturing.

Moving together with STHYX Mutual Fund

0.76	AMNCX	Ab Minnesota Portfolio	Pair Corr
0.83	AMNAX	Ab Minnesota Portfolio	Pair Corr
0.95	ANAZX	Ab Global Bond	Pair Corr
0.86	ANAYX	Ab Global Bond	Pair Corr
0.96	ANAGX	Ab Global Bond	Pair Corr
0.86	ANAIX	Ab Global Bond	Pair Corr
0.88	ANACX	Ab Global Bond	Pair Corr
0.94	ANBIX	Ab Bond Inflation	Pair Corr
0.8	ANIAX	New York Municipal	Pair Corr
0.8	ANJAX	Ab New Jersey	Pair Corr
0.78	ANJCX	Ab New Jersey	Pair Corr
0.84	ANIYX	New York Municipal	Pair Corr
0.76	ANMCX	New York Municipal	Pair Corr
0.78	ANYCX	Ab New York	Pair Corr
0.81	STEYX	International Strategic	Pair Corr
0.81	STEZX	International Strategic	Pair Corr
0.7	STESX	International Strategic	Pair Corr
0.87	STHAX	Ab Sustainable Thematic	Pair Corr
0.82	AOHAX	Ab Ohio Portfolio	Pair Corr
0.78	AOHCX	Ab Ohio Portfolio	Pair Corr
0.91	APAAX	Ab Pennsylvania Portfolio	Pair Corr
0.91	APACX	Ab Pennsylvania Portfolio	Pair Corr

Moving against STHYX Mutual Fund

0.69	SCAVX	Ab Small Cap	Pair Corr
0.66	SCRSX	Small Cap Core	Pair Corr
0.66	SCRYX	Small Cap Core	Pair Corr
0.6	SCCVX	Ab Small Cap	Pair Corr
0.69	SCYVX	Ab Small Cap	Pair Corr
0.68	CHCIX	Ab Discovery Growth	Pair Corr
0.68	CHCYX	Ab Discovery Growth	Pair Corr
0.67	SUTZX	Ab Sustainable Thematic	Pair Corr
0.65	SCRZX	Small Cap Core	Pair Corr
0.64	CHCZX	Ab Discovery Growth	Pair Corr

Related Correlations Analysis

	AMTOX	CDHIX	BXECX	APDOX	PWEAX	CBHAX
AMTOX		0.76	0.7	0.87	0.71	0.52	AMTOX
CDHIX	0.76		0.94	0.91	0.88	0.76	CDHIX
BXECX	0.7	0.94		0.9	0.82	0.81	BXECX
APDOX	0.87	0.91	0.9		0.75	0.67	APDOX
PWEAX	0.71	0.88	0.82	0.75		0.77	PWEAX
CBHAX	0.52	0.76	0.81	0.67	0.77		CBHAX
	AMTOX	CDHIX	BXECX	APDOX	PWEAX	CBHAX

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Risk-Adjusted Indicators

There is a big difference between STHYX 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
AMTOX	0.48	0.05	0.06	0.12	0.58	(0.55)	1.00	(1.10)	2.56
CDHIX	0.68	0.07	0.07	(0.26)	0.85	(0.70)	1.44	(1.51)	4.90
BXECX	0.19	0.04	0.12	(0.45)	0.00	(0.32)	0.55	(0.27)	1.21
APDOX	0.16	0.03	0.09	1.15	0.08	(0.18)	0.30	(0.29)	1.07
PWEAX	0.71	0.05	0.05	0.14	0.84	(0.82)	1.55	(1.59)	5.83
CBHAX	0.18	0.03	0.10	(1.82)	0.00	(0.24)	0.36	(0.36)	0.94

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