Ab Bond Correlations

ABNOX Fund

USD 10.34 0.01 0.1%

The current 90-days correlation between Ab Bond Inflation and Omni Small Cap Value is 0.23 (i.e., Modest diversification). The correlation of Ab Bond 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 Bond Correlation With Market

Poor diversification

The correlation between Ab Bond Inflation and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Bond Inflation and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ab Bond Inflation. 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 metropolitan statistical area.

Moving together with ABNOX Mutual Fund

0.86	AMTAX	Ab All Market	Pair Corr
0.86	AMTZX	Ab All Market	Pair Corr
0.86	AMTYX	Ab All Market	Pair Corr
0.86	AMTOX	Ab All Market	Pair Corr
0.75	ANAZX	Ab Global Bond	Pair Corr
0.76	ANAYX	Ab Global Bond	Pair Corr
0.77	ANAGX	Ab Global Bond	Pair Corr
0.84	ANAIX	Ab Global Bond	Pair Corr
0.75	ANACX	Ab Global Bond	Pair Corr
0.98	ANBIX	Ab Bond Inflation	Pair Corr
0.83	ANYCX	Ab New York	Pair Corr
0.72	STEYX	International Strategic	Pair Corr
0.72	STEZX	International Strategic	Pair Corr
0.72	STESX	International Strategic	Pair Corr
0.68	STHAX	Ab Sustainable Thematic	Pair Corr
0.81	STHYX	Ab Sustainable Thematic	Pair Corr
0.77	SCAVX	Ab Small Cap	Pair Corr
0.78	SCCVX	Ab Small Cap	Pair Corr
0.78	SCYVX	Ab Small Cap	Pair Corr
0.85	ARIIX	Ab Global Real	Pair Corr

Moving against ABNOX Mutual Fund

0.39	SUTAX	Ab Sustainable Thematic	Pair Corr
0.39	SUTCX	Ab Sustainable Thematic	Pair Corr
0.39	SUTZX	Ab Sustainable Thematic	Pair Corr

Related Correlations Analysis

	BXDCX	USCAX	LANIX	DGINX	LMBMX	VEURX	BOSVX
BXDCX		0.85	0.84	0.91	0.86	0.96	0.94	BXDCX
USCAX	0.85		0.87	0.91	0.98	0.92	0.89	USCAX
LANIX	0.84	0.87		0.92	0.9	0.93	0.85	LANIX
DGINX	0.91	0.91	0.92		0.94	0.96	0.91	DGINX
LMBMX	0.86	0.98	0.9	0.94		0.93	0.88	LMBMX
VEURX	0.96	0.92	0.93	0.96	0.93		0.94	VEURX
BOSVX	0.94	0.89	0.85	0.91	0.88	0.94		BOSVX
	BXDCX	USCAX	LANIX	DGINX	LMBMX	VEURX	BOSVX

Risk-Adjusted Indicators

There is a big difference between ABNOX Mutual Fund performing well and Ab Bond 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 Bond'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
BXDCX	0.06	0.01	(0.26)	0.26	0.00	(0.14)	0.11	(0.11)	0.43
USCAX	0.87	0.26	0.22	3.32	0.59	(1.10)	2.13	(1.52)	7.96
LANIX	0.53	(0.01)	(0.03)	0.03	0.72	(0.53)	0.97	(1.39)	3.44
DGINX	0.34	0.04	0.00	1.48	0.39	(0.37)	0.77	(0.79)	2.06
LMBMX	0.94	0.19	0.13	6.14	0.88	(1.07)	2.19	(1.80)	7.52
VEURX	0.64	0.11	0.12	0.20	0.55	(0.70)	1.59	(1.29)	3.34
BOSVX	0.87	0.19	0.21	0.21	0.58	(1.10)	2.84	(1.49)	5.40

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