Ab Sustainable Correlations

SUTZX Fund

USD 15.71 0.35 2.18%

The current 90-days correlation between Ab Sustainable Thematic and Ab Small Cap is 0.14 (i.e., Average 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

Average diversification

The correlation between Ab Sustainable Thematic and DJI is 0.14 (i.e., Average 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 SUTZX Mutual Fund

0.69	GCEAX	Ab Global E	Pair Corr
0.66	GCECX	Ab Global E	Pair Corr
0.72	GCEYX	Ab Global E	Pair Corr
0.79	AMTAX	Ab All Market	Pair Corr
0.83	AMTZX	Ab All Market	Pair Corr
0.8	AMTYX	Ab All Market	Pair Corr
0.82	AMTOX	Ab All Market	Pair Corr
0.71	SCRSX	Small Cap Core	Pair Corr
0.71	SCRYX	Small Cap Core	Pair Corr
0.73	SCRZX	Small Cap Core	Pair Corr
0.64	APGCX	Ab Large Cap	Pair Corr

Related Correlations Analysis

	QUAYX	ATEYX	CBBYX	HLIEX	PONPX
QUAYX		-0.19	0.41	0.5	-0.04	QUAYX
ATEYX	-0.19		0.62	0.58	0.36	ATEYX
CBBYX	0.41	0.62		0.94	0.15	CBBYX
HLIEX	0.5	0.58	0.94		0.03	HLIEX
PONPX	-0.04	0.36	0.15	0.03		PONPX
	QUAYX	ATEYX	CBBYX	HLIEX	PONPX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

HLIEX	+ 0.94	CBBYX
CBBYX	+ 0.62	ATEYX
HLIEX	+ 0.58	ATEYX
HLIEX	+ 0.5	QUAYX
CBBYX	+ 0.41	QUAYX
PONPX	+ 0.36	ATEYX

High negative correlations

ATEYX	- 0.19	QUAYX
PONPX	- 0.04	QUAYX

Risk-Adjusted Indicators

There is a big difference between SUTZX 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
QUAYX	0.96	0.01	0.02	0.03	1.30	(0.96)	1.93	(2.07)	9.06
ATEYX	0.70	(0.19)	0.00	(0.23)	0.00	0.00	1.06	(1.42)	9.12
CBBYX	0.64	(0.20)	0.00	(0.20)	0.00	0.00	1.00	(0.82)	13.04
HLIEX	0.61	(0.14)	0.00	(0.13)	0.00	0.00	0.98	(0.83)	9.00
PONPX	0.16	(0.03)	0.00	(0.52)	0.00	0.00	0.28	(0.37)	1.04

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