Ab High Correlations
| AGDYX Fund | USD 7.06 0.01 0.14% |
The current 90-days correlation between Ab High Income and Mesirow Financial Small is 0.23 (i.e., Modest 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
Average diversification
The correlation between Ab High Income and DJI is 0.18 (i.e., Average 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.
AGDYX |
Moving together with AGDYX Mutual Fund
| 0.64 | AMTAX | Ab All Market | PairCorr |
| 0.64 | AMTZX | Ab All Market | PairCorr |
| 0.65 | AMTYX | Ab All Market | PairCorr |
| 0.64 | AMTOX | Ab All Market | PairCorr |
| 0.63 | SCAVX | Ab Small Cap | PairCorr |
| 0.62 | SCCVX | Ab Small Cap | PairCorr |
| 0.74 | SCRSX | Small Cap Core | PairCorr |
| 0.74 | SCRYX | Small Cap Core | PairCorr |
| 0.74 | SCRZX | Small Cap Core | PairCorr |
| 0.63 | SCYVX | Ab Small Cap | PairCorr |
| 0.76 | APGZX | Ab Large Cap | PairCorr |
| 0.76 | APGYX | Ab Large Cap | PairCorr |
| 0.76 | APGAX | Ab Large Cap | PairCorr |
| 0.76 | APGCX | Ab Large Cap | PairCorr |
Moving against AGDYX Mutual Fund
Related Correlations Analysis
| 0.0 | 0.7 | 0.21 | 0.84 | 0.84 | 0.8 | MSVIX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | RGFIX | ||
| 0.7 | 0.0 | 0.17 | 0.71 | 0.69 | 0.68 | ICFAX | ||
| 0.21 | 0.0 | 0.17 | 0.24 | 0.21 | 0.26 | FTIXX | ||
| 0.84 | 0.0 | 0.71 | 0.24 | 0.99 | 0.97 | VFAIX | ||
| 0.84 | 0.0 | 0.69 | 0.21 | 0.99 | 0.97 | BTO | ||
| 0.8 | 0.0 | 0.68 | 0.26 | 0.97 | 0.97 | FIKBX | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between AGDYX 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MSVIX | 0.78 | (0.06) | (0.03) | 0.08 | 0.83 | 1.78 | 5.71 | |||
| RGFIX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ICFAX | 0.93 | (0.22) | 0.00 | (0.10) | 0.00 | 1.43 | 5.10 | |||
| FTIXX | 0.03 | 0.01 | 0.00 | (0.30) | 0.00 | 0.00 | 1.01 | |||
| VFAIX | 0.78 | 0.06 | 0.12 | 0.17 | 0.51 | 1.77 | 8.51 | |||
| BTO | 0.90 | 0.10 | 0.15 | 0.20 | 0.72 | 1.88 | 9.88 | |||
| FIKBX | 0.84 | 0.27 | 0.16 | (2.16) | 0.51 | 1.88 | 9.76 |