Ab High Correlations

AGDZX Fund

USD 7.06 0.01 0.14%

The current 90-days correlation between Ab High Income and Inverse Government Long is -0.44 (i.e., Very good 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

Good diversification

The correlation between Ab High Income and DJI is -0.03 (i.e., Good 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 nation.

Moving against AGDZX Mutual Fund

0.33	SCRSX	Small Cap Core	Pair Corr
0.33	SCRYX	Small Cap Core	Pair Corr
0.5	SUTCX	Ab Sustainable Thematic	Pair Corr
0.49	SUTAX	Ab Sustainable Thematic	Pair Corr
0.49	SUTZX	Ab Sustainable Thematic	Pair Corr
0.44	ARECX	Ab Global Real	Pair Corr
0.38	AREAX	Ab Global Real	Pair Corr
0.33	SCRZX	Small Cap Core	Pair Corr

Related Correlations Analysis

	RYAQX	SMAAX	IVMXX	FICMX	DPIGX	SIGVX	SSAGX
RYAQX		-0.57	0.0	-0.86	0.32	0.67	0.68	RYAQX
SMAAX	-0.57		0.0	0.8	0.44	0.12	0.06	SMAAX
IVMXX	0.0	0.0		0.0	0.0	0.0	0.0	IVMXX
FICMX	-0.86	0.8	0.0		0.16	-0.26	-0.28	FICMX
DPIGX	0.32	0.44	0.0	0.16		0.87	0.85	DPIGX
SIGVX	0.67	0.12	0.0	-0.26	0.87		0.96	SIGVX
SSAGX	0.68	0.06	0.0	-0.28	0.85	0.96		SSAGX
	RYAQX	SMAAX	IVMXX	FICMX	DPIGX	SIGVX	SSAGX

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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

SSAGX	+ 0.96	SIGVX
SIGVX	+ 0.87	DPIGX
SSAGX	+ 0.85	DPIGX
FICMX	+ 0.8	SMAAX
SSAGX	+ 0.68	RYAQX
SIGVX	+ 0.67	RYAQX

High negative correlations

FICMX	- 0.86	RYAQX
SMAAX	- 0.57	RYAQX
SSAGX	- 0.28	FICMX
SIGVX	- 0.26	FICMX
SSAGX	- 0.0	IVMXX
SIGVX	- 0.0	IVMXX

Risk-Adjusted Indicators

There is a big difference between AGDZX 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
RYAQX	0.66	0.08	0.00	(0.74)	0.75	(0.72)	1.44	(1.32)	5.22
SMAAX	0.15	(0.01)	0.00	(0.51)	0.00	0.00	0.30	(0.39)	1.40
IVMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FICMX	0.27	(0.02)	0.00	2.43	0.00	0.00	0.57	(0.57)	1.72
DPIGX	0.05	0.00	(0.57)	(0.13)	0.00	(0.15)	0.21	(0.11)	0.42
SIGVX	0.06	0.01	(0.57)	(3.42)	0.00	(0.20)	0.10	(0.10)	0.61
SSAGX	0.05	0.01	(0.58)	1.34	0.00	(0.19)	0.10	(0.10)	0.51

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