Ab Large Correlations

APGCX Fund

USD 111.71 0.34 0.31%

The current 90-days correlation between Ab Large Cap and Columbia Trarian Core is 0.98 (i.e., Almost no 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

Very poor diversification

The correlation between Ab Large Cap and DJI is 0.88 (i.e., Very 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 private.

Moving together with APGCX Mutual Fund

0.67	AMTOX	Ab All Market	Pair Corr
0.86	SCYVX	Ab Small Cap	Pair Corr
1.0	APGYX	Ab Large Cap	Pair Corr
0.98	ASCLX	Ab Select Longshort	Pair Corr
0.9	ABVCX	Ab Value Fund	Pair Corr
0.9	ABYSX	Ab Discovery Value	Pair Corr
0.89	AUIAX	Ab Equity Income	Pair Corr
0.96	AUUIX	Ab Select Equity	Pair Corr
0.93	AUUCX	Ab Select Equity	Pair Corr
0.89	ADGAX	Ab E Opportunities	Pair Corr
0.93	ADGZX	Ab E Opportunities	Pair Corr
0.75	AWPIX	Ab International Growth	Pair Corr
0.79	QUAIX	Ab Small Cap	Pair Corr
0.81	AGDAX	Ab High Income	Pair Corr
0.89	CABIX	Ab Global Risk	Pair Corr
0.91	WPASX	Ab Centrated Growth	Pair Corr
0.89	CBSYX	Ab Global Risk	Pair Corr
0.84	AGTHX	Growth Fund	Pair Corr
0.86	GFACX	Growth Fund	Pair Corr
0.87	GFAFX	Growth Fund	Pair Corr
0.87	FAFGX	American Funds	Pair Corr
0.87	FFAFX	American Funds	Pair Corr
0.87	CGFFX	Growth Fund	Pair Corr

Moving against APGCX Mutual Fund

0.72

FFTYX

Ab Flexfee Thematic

Pair Corr

Related Correlations Analysis

	JARTX	CIVVX	TADGX	TRRMX	NOSIX	SMGIX
JARTX		0.82	0.8	0.78	0.82	0.94	JARTX
CIVVX	0.82		0.94	0.98	0.93	0.9	CIVVX
TADGX	0.8	0.94		0.93	0.93	0.87	TADGX
TRRMX	0.78	0.98	0.93		0.96	0.87	TRRMX
NOSIX	0.82	0.93	0.93	0.96		0.89	NOSIX
SMGIX	0.94	0.9	0.87	0.87	0.89		SMGIX
	JARTX	CIVVX	TADGX	TRRMX	NOSIX	SMGIX

Risk-Adjusted Indicators

There is a big difference between APGCX 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
JARTX	0.97	0.10	0.07	0.16	1.08	(1.03)	1.62	(2.06)	18.38
CIVVX	0.67	0.11	0.13	0.18	0.58	(0.80)	1.60	(1.09)	4.36
TADGX	0.48	0.01	0.00	0.06	0.54	(0.52)	0.92	(0.97)	3.17
TRRMX	0.55	0.07	0.08	0.14	0.57	(0.59)	1.15	(1.11)	5.08
NOSIX	0.55	0.01	0.00	0.06	0.74	(0.58)	1.17	(1.18)	4.78
SMGIX	0.64	0.08	0.07	0.16	0.69	(0.72)	1.02	(1.14)	9.48

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