Ab Growth Correlations

Mutual Funds . USA . 
Fund . Ab Growth Fund
AGRFX Fund  USD 114.45  0.27  0.24%   
The current 90-days correlation between Ab Growth Fund and Global Gold Fund is -0.13 (i.e., Good diversification). The correlation of Ab Growth 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 Growth Correlation With Market

Average diversification

The correlation between Ab Growth Fund and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Growth Fund 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 Growth Fund. 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 census.

Moving together with AGRFX Mutual Fund

  0.75GCEAX Ab Global EPairCorr
  0.75GCECX Ab Global EPairCorr
  0.74GCEYX Ab Global EPairCorr
  0.64AMNCX Ab Minnesota PortfolioPairCorr
  0.64AMTAX Ab All MarketPairCorr
  0.64AMTZX Ab All MarketPairCorr
  0.64AMTYX Ab All MarketPairCorr
  0.64AMTOX Ab All MarketPairCorr
  0.62ANYCX Ab New YorkPairCorr
  0.7STHAX Ab Sustainable ThematicPairCorr
  0.66STHYX Ab Sustainable ThematicPairCorr
  0.76SCAVX Ab Small CapPairCorr
  0.77SCCVX Ab Small CapPairCorr
  0.95SCRSX Small Cap CorePairCorr
  0.95SCRYX Small Cap CorePairCorr
  0.95SCRZX Small Cap CorePairCorr
  0.75SCYVX Ab Small CapPairCorr
  0.89APGZX Ab Large CapPairCorr
  0.89APGYX Ab Large CapPairCorr
  0.93APGAX Ab Large CapPairCorr
  0.99APGCX Ab Large CapPairCorr

Related Correlations Analysis

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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   
UIPMX
+ 1.0
AGGWX
FGDIX
+ 0.99
IIGCX
IIGCX
+ 0.93
AGGWX
IIGCX
+ 0.93
UIPMX
FGDIX
+ 0.92
AGGWX
FGDIX
+ 0.91
UIPMX
  
High negative correlations   
FGDIX
- 0.99
SPPIX
SPPIX
- 0.99
IIGCX
SPPIX
- 0.92
AGGWX
SPPIX
- 0.91
UIPMX
UNWPX
- 0.83
SPPIX
MXMVX
- 0.36
UNWPX

Risk-Adjusted Indicators

There is a big difference between AGRFX Mutual Fund performing well and Ab Growth 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 Growth'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.

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