Abbey Capital Correlations

ABYAX Fund

USD 11.04 0.02 0.18%

The current 90-days correlation between Abbey Capital Futures and Pimco Trends Managed is 0.19 (i.e., Average diversification). The correlation of Abbey Capital 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.

Abbey Capital Correlation With Market

Very weak diversification

The correlation between Abbey Capital Futures and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Abbey Capital Futures 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 Abbey Capital Futures. 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 Abbey Mutual Fund

1.0	ABYIX	Abbey Capital Futures	Pair Corr
1.0	ABYCX	Abbey Capital Futures	Pair Corr
0.91	PQTAX	Pimco Trends Managed	Pair Corr
0.91	PQTNX	Pimco Trends Managed	Pair Corr
0.79	AHLPX	American Beacon Ahl	Pair Corr
0.94	AMFNX	Asg Managed Futures	Pair Corr
0.94	AMFAX	Asg Managed Futures	Pair Corr
0.94	ASFYX	Asg Managed Futures	Pair Corr
0.64	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Moving against Abbey Mutual Fund

0.71	RQECX	Resq Dynamic Allocation	Pair Corr
0.63	RSNRX	Victory Global Natural	Pair Corr
0.63	RSNYX	Victory Global Natural	Pair Corr
0.63	RGNCX	Victory Global Natural	Pair Corr
0.61	SMPIX	Semiconductor Ultrasector	Pair Corr
0.61	SMPSX	Semiconductor Ultrasector	Pair Corr
0.58	FIKGX	Fidelity Advisor Sem	Pair Corr
0.58	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.58	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.49	RMQAX	Monthly Rebalance	Pair Corr
0.49	RMQHX	Monthly Rebalance	Pair Corr
0.35	SCRYX	Small Cap Core	Pair Corr
0.7	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.62	LLPFX	Longleaf Partners	Pair Corr
0.59	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.57	LTFOX	Lord Abbett Affiliated	Pair Corr
0.55	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.54	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.53	RIV	Rivernorth Opportunities	Pair Corr
0.51	VTSMX	Vanguard Total Stock	Pair Corr
0.5	FEMDX	Franklin Emerging Market	Pair Corr
0.48	BAC	Bank of America Aggressive Push	Pair Corr
0.46	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.45	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.44	FBALX	Fidelity Balanced	Pair Corr
0.43	T	ATT Inc Aggressive Push	Pair Corr
0.38	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr

Related Correlations Analysis

	PQTAX	PQTNX	AHLPX	ABYAX	ABYIX	AMFAX	ASFYX
PQTAX		1.0	0.71	0.91	0.91	0.84	0.84	PQTAX
PQTNX	1.0		0.71	0.91	0.91	0.84	0.84	PQTNX
AHLPX	0.71	0.71		0.79	0.79	0.66	0.67	AHLPX
ABYAX	0.91	0.91	0.79		1.0	0.94	0.94	ABYAX
ABYIX	0.91	0.91	0.79	1.0		0.94	0.94	ABYIX
AMFAX	0.84	0.84	0.66	0.94	0.94		1.0	AMFAX
ASFYX	0.84	0.84	0.67	0.94	0.94	1.0		ASFYX
	PQTAX	PQTNX	AHLPX	ABYAX	ABYIX	AMFAX	ASFYX

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Risk-Adjusted Indicators

There is a big difference between Abbey Mutual Fund performing well and Abbey Capital 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 Abbey Capital'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
PQTAX	0.47	(0.02)	0.89	0.82	(1.09)	2.35
PQTNX	0.47	(0.03)	0.83	0.80	(1.07)	2.31
AHLPX	0.47	(0.06)	(0.06)	1.03	(0.91)	3.44
ABYAX	0.37	(0.06)	(0.09)	0.65	(0.82)	2.15
ABYIX	0.38	(0.06)	(0.09)	0.72	(0.82)	2.13
AMFAX	0.39	(0.07)	(0.08)	0.79	(0.92)	2.43
ASFYX	0.40	(0.07)	(0.08)	0.69	(0.90)	2.29

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