Ab High Correlations

ABTYX Fund

USD 10.29 0.02 0.19%

The current 90-days correlation between Ab High Income and Specialized Technology Fund is 0.09 (i.e., Significant diversification). The correlation of Ab High 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 High Correlation With Market

Very weak diversification

The correlation between Ab High Income and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab High Income 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 High Income. 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 services.

Moving together with ABTYX Mutual Fund

0.77	ANAZX	Ab Global Bond	Pair Corr
0.69	ANAGX	Ab Global Bond	Pair Corr
0.78	ANAIX	Ab Global Bond	Pair Corr
0.94	ABIMX	Ab Impact Municipal	Pair Corr
0.89	ABTHX	Ab High Income	Pair Corr
0.64	AGDZX	Ab High Income	Pair Corr
0.62	AGDYX	Ab High Income	Pair Corr
0.84	NHMRX	Nuveen High Yield	Pair Corr
0.84	NHMFX	Nuveen High Yield	Pair Corr
0.78	AMHIX	American High Income	Pair Corr
0.78	ABHFX	American High Income	Pair Corr
0.81	AHICX	American High Income	Pair Corr
0.81	GHYCX	Goldman Sachs High	Pair Corr
0.85	GHYAX	Goldman Sachs High	Pair Corr
0.83	NHMAX	Nuveen High Yield	Pair Corr
0.71	NHCCX	Nuveen High Yield	Pair Corr
0.91	ACTDX	Invesco High Yield	Pair Corr

Related Correlations Analysis

	DTEYX	FIJYX	HTECX	DTGRX	TOWTX	JNGTX	WFSTX
DTEYX		0.29	0.95	0.97	0.93	0.94	0.81	DTEYX
FIJYX	0.29		0.38	0.29	0.28	0.24	0.1	FIJYX
HTECX	0.95	0.38		0.94	0.9	0.91	0.77	HTECX
DTGRX	0.97	0.29	0.94		0.9	0.98	0.82	DTGRX
TOWTX	0.93	0.28	0.9	0.9		0.88	0.79	TOWTX
JNGTX	0.94	0.24	0.91	0.98	0.88		0.82	JNGTX
WFSTX	0.81	0.1	0.77	0.82	0.79	0.82		WFSTX
	DTEYX	FIJYX	HTECX	DTGRX	TOWTX	JNGTX	WFSTX

Risk-Adjusted Indicators

There is a big difference between ABTYX Mutual Fund performing well and Ab High 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 High'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
DTEYX	1.16	0.17	0.10	0.23	1.33	(1.15)	2.19	(2.35)	12.28
FIJYX	1.17	0.15	0.07	0.55	1.41	(1.21)	2.80	(2.43)	7.19
HTECX	1.32	0.33	0.26	0.42	0.85	(1.66)	1.55	(2.08)	30.04
DTGRX	1.20	0.30	0.16	1.64	1.24	(1.23)	2.17	(2.36)	15.61
TOWTX	0.71	0.01	0.01	0.06	0.80	(0.77)	1.49	(1.37)	4.54
JNGTX	1.19	0.33	0.16	(2.03)	1.21	(1.26)	2.15	(2.59)	19.25
WFSTX	1.16	0.22	0.11	(0.62)	1.10	(1.37)	1.59	(2.61)	21.74

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Ab High Correlations

Ab High Correlation With Market

Very weak diversification

Moving together with ABTYX Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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