Ab All Correlations

ACEAX Fund

USD 10.84 0.09 0.84%

The current 90-days correlation between Ab All China and Technology Munications Portfolio is 0.07 (i.e., Significant diversification). The correlation of Ab All 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 All Correlation With Market

Poor diversification

The correlation between Ab All China and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab All China 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 All China. 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 ACEAX Mutual Fund

0.67	GCEAX	Ab Global E	Pair Corr
0.66	GCECX	Ab Global E	Pair Corr
0.62	GCEYX	Ab Global E	Pair Corr
0.83	AMTAX	Ab All Market	Pair Corr
0.8	AMTZX	Ab All Market	Pair Corr
0.83	AMTYX	Ab All Market	Pair Corr
0.8	AMTOX	Ab All Market	Pair Corr
0.62	ANAZX	Ab Global Bond	Pair Corr
0.68	ANAGX	Ab Global Bond	Pair Corr
0.61	ANACX	Ab Global Bond	Pair Corr
0.61	ANBIX	Ab Bond Inflation	Pair Corr
0.75	ANYCX	Ab New York	Pair Corr
0.74	STEYX	International Strategic	Pair Corr
0.73	STEZX	International Strategic	Pair Corr
0.76	STESX	International Strategic	Pair Corr
0.7	SCCVX	Ab Small Cap	Pair Corr
0.62	SCRYX	Small Cap Core	Pair Corr
0.69	SCYVX	Ab Small Cap	Pair Corr
0.65	CHCZX	Ab Discovery Growth	Pair Corr
0.69	ARIIX	Ab Global Real	Pair Corr

Moving against ACEAX Mutual Fund

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

Related Correlations Analysis

	JAGTX	BIPIX	VCSTX	USTCX	ISTIX	STPAX
JAGTX		0.73	0.57	0.85	0.92	0.89	JAGTX
BIPIX	0.73		0.36	0.66	0.78	0.68	BIPIX
VCSTX	0.57	0.36		0.44	0.58	0.34	VCSTX
USTCX	0.85	0.66	0.44		0.79	0.91	USTCX
ISTIX	0.92	0.78	0.58	0.79		0.82	ISTIX
STPAX	0.89	0.68	0.34	0.91	0.82		STPAX
	JAGTX	BIPIX	VCSTX	USTCX	ISTIX	STPAX

Risk-Adjusted Indicators

There is a big difference between ACEAX Mutual Fund performing well and Ab All 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 All'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
JAGTX	1.28	0.11	0.06	0.18	1.46	(1.28)	2.03	(2.60)	19.59
BIPIX	1.94	0.18	0.08	0.21	2.10	(2.14)	4.29	(3.27)	10.98
VCSTX	1.20	(0.13)	0.00	(0.07)	0.00	0.00	2.16	(3.24)	6.94
USTCX	1.10	0.05	(0.01)	(2.74)	1.50	(1.04)	2.45	(2.42)	10.82
ISTIX	1.41	0.17	0.09	0.21	1.65	(1.47)	2.92	(3.27)	18.70
STPAX	1.17	0.20	0.12	0.51	1.11	(1.29)	1.84	(2.16)	23.81

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