Ab Value Correlations

ABVIX Fund

USD 18.96 0.05 0.26%

The current 90-days correlation between Ab Value Fund and Eip Growth And is 0.04 (i.e., Significant diversification). The correlation of Ab Value 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 Value Correlation With Market

Almost no diversification

The correlation between Ab Value Fund and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Value Fund 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 Value Fund. 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 gross domestic product.

Moving together with ABVIX Mutual Fund

0.96	GCEAX	Ab Global E	Pair Corr
0.87	AMTZX	Ab All Market	Pair Corr
0.86	AMTOX	Ab All Market	Pair Corr
0.96	SCAVX	Ab Small Cap	Pair Corr
0.97	SCCVX	Ab Small Cap	Pair Corr
0.97	SCRSX	Small Cap Core	Pair Corr
0.97	SCRYX	Small Cap Core	Pair Corr
0.96	SCYVX	Ab Small Cap	Pair Corr
0.91	APGYX	Ab Large Cap	Pair Corr
0.91	APGCX	Ab Large Cap	Pair Corr
0.95	CHCIX	Ab Discovery Growth	Pair Corr
0.93	ASCLX	Ab Select Longshort	Pair Corr
0.93	ASLAX	Ab Select Longshort	Pair Corr
0.95	ABIAX	Ab International Value	Pair Corr
0.99	ABSZX	Ab Discovery Value	Pair Corr
1.0	ABVCX	Ab Value Fund	Pair Corr
0.92	ABWCX	Ab All Market	Pair Corr
0.92	ABWYX	Ab All Market	Pair Corr
0.99	ABYSX	Ab Discovery Value	Pair Corr
0.93	ATWCX	Ab Tax Managed	Pair Corr
0.98	AUIIX	Ab Equity Income	Pair Corr
0.98	AUIAX	Ab Equity Income	Pair Corr

Moving against ABVIX Mutual Fund

0.31

ABNCX

Ab Bond Inflation

Pair Corr

Related Correlations Analysis

	TEGRX	LLLRX	GETFX	LMLRX	CIPMX	ARTSX	EIPIX
TEGRX		0.84	0.87	0.84	0.95	0.92	0.91	TEGRX
LLLRX	0.84		0.79	1.0	0.82	0.86	0.83	LLLRX
GETFX	0.87	0.79		0.8	0.82	0.92	0.8	GETFX
LMLRX	0.84	1.0	0.8		0.83	0.87	0.84	LMLRX
CIPMX	0.95	0.82	0.82	0.83		0.88	0.94	CIPMX
ARTSX	0.92	0.86	0.92	0.87	0.88		0.87	ARTSX
EIPIX	0.91	0.83	0.8	0.84	0.94	0.87		EIPIX
	TEGRX	LLLRX	GETFX	LMLRX	CIPMX	ARTSX	EIPIX

Risk-Adjusted Indicators

There is a big difference between ABVIX Mutual Fund performing well and Ab Value 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 Value'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
TEGRX	0.77	0.29	0.32	0.61	0.23	(0.96)	1.30	(1.27)	16.99
LLLRX	0.56	0.05	0.04	0.14	0.65	(0.60)	1.03	(1.22)	5.44
GETFX	0.57	0.12	0.17	0.21	0.30	(0.70)	1.01	(1.06)	10.15
LMLRX	0.27	0.02	(0.06)	0.13	0.21	(0.33)	0.53	(0.53)	2.52
CIPMX	1.03	0.32	0.35	0.76	0.32	(1.40)	1.68	(1.22)	23.97
ARTSX	1.14	0.17	0.16	0.18	0.94	(1.36)	2.12	(1.92)	13.44
EIPIX	0.73	0.29	0.32	15.79	0.00	(0.93)	1.13	(0.86)	15.53

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