Ab Large Correlations

ALLIX Fund

USD 112.28 0.68 0.61%

The current 90-days correlation between Ab Large Cap and Ab Large Cap is 0.56 (i.e., Very weak diversification). The correlation of Ab Large 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 Large Correlation With Market

Poor diversification

The correlation between Ab Large Cap and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Large Cap 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 Large Cap. 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 gross domestic product.

Moving together with ALLIX Mutual Fund

0.86	APWIX	Ab Servative Wealth	Pair Corr
0.65	CHCZX	Ab Discovery Growth	Pair Corr

Related Correlations Analysis

	APGYX	APGCX	HALFF	TRIRX	PSLV	PHYS	CIVIX	JFRDX	JACTX	TRIGX
APGYX		1.0	0.82	0.82	0.86	0.7	0.89	0.16	0.93	0.87	APGYX
APGCX	1.0		0.81	0.82	0.86	0.69	0.89	0.17	0.93	0.86	APGCX
HALFF	0.82	0.81		0.76	0.78	0.5	0.8	0.18	0.83	0.84	HALFF
TRIRX	0.82	0.82	0.76		0.68	0.5	0.82	0.49	0.77	0.78	TRIRX
PSLV	0.86	0.86	0.78	0.68		0.89	0.89	-0.09	0.84	0.91	PSLV
PHYS	0.7	0.69	0.5	0.5	0.89		0.76	-0.19	0.67	0.76	PHYS
CIVIX	0.89	0.89	0.8	0.82	0.89	0.76		0.18	0.87	0.94	CIVIX
JFRDX	0.16	0.17	0.18	0.49	-0.09	-0.19	0.18		0.18	0.06	JFRDX
JACTX	0.93	0.93	0.83	0.77	0.84	0.67	0.87	0.18		0.85	JACTX
TRIGX	0.87	0.86	0.84	0.78	0.91	0.76	0.94	0.06	0.85		TRIGX
	APGYX	APGCX	HALFF	TRIRX	PSLV	PHYS	CIVIX	JFRDX	JACTX	TRIGX

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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

APGCX	+ 1.0	APGYX
TRIGX	+ 0.94	CIVIX
JACTX	+ 0.93	APGYX
JACTX	+ 0.93	APGCX
TRIGX	+ 0.91	PSLV
CIVIX	+ 0.89	APGYX

High negative correlations

JFRDX	- 0.19	PHYS
JFRDX	- 0.09	PSLV

Risk-Adjusted Indicators

There is a big difference between ALLIX Mutual Fund performing well and Ab Large 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 Large'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
APGYX	0.82	0.11	0.10	0.21	0.85	(0.92)	1.87	(1.63)	12.21
APGCX	0.82	0.11	0.09	0.20	0.85	(0.92)	1.87	(1.64)	12.27
HALFF	0.35	0.05	(0.01)	2.52	0.33	(1.33)	1.80	(1.11)	3.43
TRIRX	0.75	0.01	0.01	0.07	1.04	(0.76)	2.01	(1.82)	4.33
PSLV	2.28	0.65	0.19	0.80	2.83	(2.56)	4.00	(4.43)	15.48
PHYS	1.08	0.15	0.06	0.49	1.75	(1.11)	2.25	(2.07)	10.26
CIVIX	0.61	0.08	0.09	0.15	0.59	(0.70)	1.57	(1.08)	3.95
JFRDX	0.78	(0.05)	(0.04)	0.00	1.32	(0.68)	1.62	(2.05)	4.84
JACTX	1.00	0.17	0.12	0.21	1.02	(1.08)	2.11	(2.05)	16.84
TRIGX	0.54	0.08	0.08	0.16	0.60	(0.58)	1.35	(1.07)	2.75

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