Ab Large Correlations

APGYX Fund

USD 107.35 0.13 0.12%

The current 90-days correlation between Ab Large Cap and Columbia Seligman Munications is 0.39 (i.e., 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 0.74 (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 private.

Moving together with APGYX Mutual Fund

0.85	GCEAX	Ab Global E	Pair Corr
0.85	GCECX	Ab Global E	Pair Corr
0.85	GCEYX	Ab Global E	Pair Corr
0.76	STEYX	International Strategic	Pair Corr
0.75	STEZX	International Strategic	Pair Corr
0.76	STESX	International Strategic	Pair Corr
0.65	SCAVX	Ab Small Cap	Pair Corr
0.66	SCCVX	Ab Small Cap	Pair Corr
0.87	SCRSX	Small Cap Core	Pair Corr
0.87	SCRYX	Small Cap Core	Pair Corr
0.87	SCRZX	Small Cap Core	Pair Corr
0.65	SCYVX	Ab Small Cap	Pair Corr
1.0	APGZX	Ab Large Cap	Pair Corr
1.0	APGAX	Ab Large Cap	Pair Corr
1.0	APGCX	Ab Large Cap	Pair Corr
0.95	CHCLX	Ab Discovery Growth	Pair Corr
0.95	CHCIX	Ab Discovery Growth	Pair Corr
0.95	CHCCX	Ab Discovery Growth	Pair Corr
0.95	CHCYX	Ab Discovery Growth	Pair Corr
0.83	CHCZX	Ab Discovery Growth	Pair Corr
0.65	CIAGX	Ab Centrated Interna	Pair Corr
0.64	CICGX	Ab Centrated Interna	Pair Corr

Moving against APGYX Mutual Fund

0.9	SUTAX	Ab Sustainable Thematic	Pair Corr
0.9	SUTCX	Ab Sustainable Thematic	Pair Corr
0.9	SUTZX	Ab Sustainable Thematic	Pair Corr

Related Correlations Analysis

	ALLIX	APGCX	CIVIX	TRIGX	TADGX	TRIRX	CCIZX	COFYX	IGAIX	SCMIX
ALLIX		0.32	-0.2	-0.28	-0.09	0.66	0.11	0.18	-0.15	0.05	ALLIX
APGCX	0.32		0.65	0.56	0.63	0.82	0.56	0.98	0.66	0.79	APGCX
CIVIX	-0.2	0.65		0.99	0.96	0.36	0.85	0.78	0.97	0.92	CIVIX
TRIGX	-0.28	0.56	0.99		0.94	0.24	0.86	0.71	0.97	0.9	TRIGX
TADGX	-0.09	0.63	0.96	0.94		0.39	0.85	0.76	0.91	0.88	TADGX
TRIRX	0.66	0.82	0.36	0.24	0.39		0.36	0.76	0.39	0.51	TRIRX
CCIZX	0.11	0.56	0.85	0.86	0.85	0.36		0.66	0.85	0.93	CCIZX
COFYX	0.18	0.98	0.78	0.71	0.76	0.76	0.66		0.78	0.86	COFYX
IGAIX	-0.15	0.66	0.97	0.97	0.91	0.39	0.85	0.78		0.91	IGAIX
SCMIX	0.05	0.79	0.92	0.9	0.88	0.51	0.93	0.86	0.91		SCMIX
	ALLIX	APGCX	CIVIX	TRIGX	TADGX	TRIRX	CCIZX	COFYX	IGAIX	SCMIX

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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

TRIGX	+ 0.99	CIVIX
COFYX	+ 0.98	APGCX
IGAIX	+ 0.97	CIVIX
IGAIX	+ 0.97	TRIGX
TADGX	+ 0.96	CIVIX
TADGX	+ 0.94	TRIGX

High negative correlations

TRIGX	- 0.28	ALLIX
CIVIX	- 0.2	ALLIX
IGAIX	- 0.15	ALLIX
TADGX	- 0.09	ALLIX

Risk-Adjusted Indicators

There is a big difference between APGYX 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
ALLIX	0.65	(0.14)	0.00	(0.15)	0.00	0.00	1.10	(1.64)	4.31
APGCX	0.80	0.02	0.00	0.10	0.89	(0.89)	1.13	(1.66)	12.77
CIVIX	0.66	0.16	0.19	0.27	0.50	(0.78)	1.54	(0.96)	4.36
TRIGX	0.60	0.17	0.22	0.32	0.33	(0.69)	1.47	(1.01)	2.94
TADGX	0.51	0.03	0.02	0.10	0.55	(0.55)	0.98	(0.97)	3.17
TRIRX	0.72	(0.10)	0.00	(0.08)	0.00	0.00	1.33	(1.98)	4.79
CCIZX	1.37	(0.03)	0.00	0.04	1.97	(1.25)	2.50	(3.42)	7.62
COFYX	0.67	0.04	0.03	0.12	0.75	(0.74)	0.99	(1.58)	9.19
IGAIX	0.65	0.22	0.28	0.39	0.24	(0.80)	1.52	(0.96)	8.15
SCMIX	1.47	0.10	0.05	0.14	1.93	(1.41)	2.83	(3.43)	11.55

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