Ab Bond Correlations

ABNZX Fund

USD 10.33 0.01 0.1%

The current 90-days correlation between Ab Bond Inflation and Cref Inflation Linked Bond is 0.81 (i.e., Very poor 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

Modest diversification

The correlation between Ab Bond Inflation and DJI is 0.2 (i.e., Modest 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 nation.

Moving together with ABNZX Mutual Fund

0.99	ANBIX	Ab Bond Inflation	Pair Corr
0.74	STHAX	Ab Sustainable Thematic	Pair Corr
0.73	STHYX	Ab Sustainable Thematic	Pair Corr

Related Correlations Analysis

	QCILIX	MFTFX	ABNAX	FIPRX	ANBIX	MXIHX	EVOIX
QCILIX		0.35	0.74	0.89	0.82	0.91	0.4	QCILIX
MFTFX	0.35		0.35	0.2	0.37	0.45	0.92	MFTFX
ABNAX	0.74	0.35		0.85	0.95	0.83	0.27	ABNAX
FIPRX	0.89	0.2	0.85		0.85	0.85	0.15	FIPRX
ANBIX	0.82	0.37	0.95	0.85		0.89	0.32	ANBIX
MXIHX	0.91	0.45	0.83	0.85	0.89		0.46	MXIHX
EVOIX	0.4	0.92	0.27	0.15	0.32	0.46		EVOIX
	QCILIX	MFTFX	ABNAX	FIPRX	ANBIX	MXIHX	EVOIX

Risk-Adjusted Indicators

There is a big difference between ABNZX 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
QCILIX	0.09	(0.01)	(0.59)	(0.39)	0.11	(0.10)	0.19	(0.15)	0.62
MFTFX	1.10	0.12	0.09	0.18	1.08	(1.34)	2.62	(1.78)	6.84
ABNAX	0.07	(0.01)	0.00	(0.48)	0.00	0.00	0.19	(0.19)	0.47
FIPRX	0.14	(0.01)	(0.37)	(2.45)	0.17	(0.19)	0.30	(0.30)	0.99
ANBIX	0.07	(0.01)	(0.74)	(0.48)	0.08	(0.11)	0.10	(0.10)	0.48
MXIHX	0.11	(0.01)	(0.45)	(0.26)	0.12	(0.15)	0.21	(0.21)	0.74
EVOIX	0.46	0.08	0.03	0.37	0.44	(0.59)	1.04	(1.05)	3.60

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Ab Bond Correlations

Ab Bond Correlation With Market

Modest diversification

Moving together with ABNZX Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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