Ab Large Correlations

Mutual Funds . USA . 
Fund . Ab Large Cap
APGZX Fund  USD 109.61  0.72  0.65%   
The current 90-days correlation between Ab Large Cap and Ab Global Bond is 0.02 (i.e., Significant 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 0.62 (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 nation.

Moving together with APGZX Mutual Fund

  0.77GCEAX Ab Global EPairCorr
  0.8GCECX Ab Global EPairCorr
  0.8GCEYX Ab Global EPairCorr
  0.77SCRSX Small Cap CorePairCorr
  0.79SCRYX Small Cap CorePairCorr
  0.77SCRZX Small Cap CorePairCorr
  0.94APGYX Ab Large CapPairCorr
  1.0APGAX Ab Large CapPairCorr
  0.93APGCX Ab Large CapPairCorr
  0.91CHCLX Ab Discovery GrowthPairCorr
  0.9CHCIX Ab Discovery GrowthPairCorr
  0.91CHCCX Ab Discovery GrowthPairCorr
  0.9CHCYX Ab Discovery GrowthPairCorr
  0.77CHCZX Ab Discovery GrowthPairCorr
  0.75CIAGX Ab Centrated InternaPairCorr
  0.75CICGX Ab Centrated InternaPairCorr

Moving against APGZX Mutual Fund

  0.38ANAIX Ab Global BondPairCorr
  0.65SUTAX Ab Sustainable ThematicPairCorr
  0.65SUTCX Ab Sustainable ThematicPairCorr
  0.65SUTZX Ab Sustainable ThematicPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between APGZX 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GCEAX  0.73  0.27  0.16 (1.10) 0.48 
(0.88)
 1.36 
(1.40)
 11.09 
GCECX  0.71  0.20  0.21  0.45  0.36 
(0.91)
 1.27 
(1.28)
 11.42 
GCEYX  0.71  0.20  0.20  0.44  0.36 
(0.91)
 1.30 
(1.30)
 11.04 
AMTAX  0.58  0.23  0.09 (1.09) 0.61 
(0.62)
 1.17 
(1.21)
 3.68 
AMTZX  0.57  0.17  0.10  0.48  0.61 
(0.63)
 1.10 
(1.12)
 3.57 
AMTYX  0.57  0.17  0.10  0.49  0.58 
(0.61)
 1.18 
(1.01)
 3.70 
AMTOX  0.57  0.17  0.10  0.48  0.62 
(0.65)
 1.11 
(1.04)
 3.61 
ANAZX  0.10  0.01 (0.48) 0.48  0.00 
(0.17)
 0.29 
(0.29)
 0.58 
ANAYX  0.10  0.01 (0.41) 0.39  0.00 
(0.16)
 0.14 
(0.29)
 0.72 
ANAGX  0.10  0.01 (0.46) 0.54  0.00 
(0.18)
 0.29 
(0.29)
 0.58 

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