Ab High Correlations

AGDZX Fund

USD 7.08 0.01 0.14%

The current 90-days correlation between Ab High Income and Us Government Securities is 0.37 (i.e., Weak 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

Very poor diversification

The correlation between Ab High Income and DJI is 0.89 (i.e., Very poor 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 together with AGDZX Mutual Fund

0.86	GCEAX	Ab Global E	Pair Corr
0.85	GCECX	Ab Global E	Pair Corr
0.86	GCEYX	Ab Global E	Pair Corr
0.86	AMTAX	Ab All Market	Pair Corr
0.87	AMTZX	Ab All Market	Pair Corr
0.87	AMTYX	Ab All Market	Pair Corr
0.86	AMTOX	Ab All Market	Pair Corr
0.68	ANYCX	Ab New York	Pair Corr
0.91	SCCVX	Ab Small Cap	Pair Corr
0.85	SCRZX	Small Cap Core	Pair Corr
0.91	SCYVX	Ab Small Cap	Pair Corr
0.8	APGZX	Ab Large Cap	Pair Corr
0.8	APGYX	Ab Large Cap	Pair Corr
0.81	APGAX	Ab Large Cap	Pair Corr
0.8	APGCX	Ab Large Cap	Pair Corr
0.88	CHCLX	Ab Discovery Growth	Pair Corr
0.88	CHCCX	Ab Discovery Growth	Pair Corr
0.89	CHCYX	Ab Discovery Growth	Pair Corr
0.71	ARIIX	Ab Global Real	Pair Corr
0.79	ASCLX	Ab Select Longshort	Pair Corr
0.8	ASILX	Ab Select Longshort	Pair Corr
0.82	ABAEX	Ab Emerging Markets	Pair Corr
0.88	IRCYX	International Small Cap	Pair Corr
0.8	ASYLX	Ab Select Longshort	Pair Corr
0.77	ABIMX	Ab Impact Municipal	Pair Corr
0.93	ABICX	Ab International Value	Pair Corr
0.92	ABIAX	Ab International Value	Pair Corr
0.93	ABIYX	Ab International Value	Pair Corr
0.63	ABNOX	Ab Bond Inflation	Pair Corr
0.69	ATCCX	Ab Tax Aware	Pair Corr

Moving against AGDZX Mutual Fund

0.66

SUTCX

Ab Sustainable Thematic

Pair Corr

Related Correlations Analysis

	RYAQX	MXDQX	RYHJX	FCSCX	SSAGX	CGTFX
RYAQX		0.18	0.94	0.9	0.87	0.33	RYAQX
MXDQX	0.18		0.25	0.5	0.55	0.82	MXDQX
RYHJX	0.94	0.25		0.89	0.86	0.38	RYHJX
FCSCX	0.9	0.5	0.89		0.95	0.66	FCSCX
SSAGX	0.87	0.55	0.86	0.95		0.66	SSAGX
CGTFX	0.33	0.82	0.38	0.66	0.66		CGTFX
	RYAQX	MXDQX	RYHJX	FCSCX	SSAGX	CGTFX

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	0.41	0.06	0.06	(0.50)	0.30	(0.46)	1.00	(0.61)	2.02
MXDQX	0.15	(0.01)	(0.19)	(0.09)	0.16	(0.19)	0.25	(0.24)	0.74
RYHJX	0.41	0.08	0.09	(0.46)	0.26	(0.46)	1.00	(0.60)	2.03
FCSCX	0.05	0.00	0.00	(0.41)	0.00	0.00	0.13	(0.13)	0.53
SSAGX	0.05	0.01	0.00	4.01	0.00	0.00	0.10	(0.10)	0.51
CGTFX	0.12	(0.01)	(0.21)	(0.19)	0.15	(0.15)	0.25	(0.25)	0.66

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