Ab Large Correlations

APGZX Fund

USD 116.30 0.27 0.23%

The current 90-days correlation between Ab Large Cap and Ab Global E is 0.78 (i.e., Poor 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 0.69 (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

0.81	SCAVX	Ab Small Cap	Pair Corr
0.81	SCCVX	Ab Small Cap	Pair Corr
0.9	SCRSX	Small Cap Core	Pair Corr
0.9	SCRYX	Small Cap Core	Pair Corr
0.82	SCYVX	Ab Small Cap	Pair Corr
0.97	CHCYX	Ab Discovery Growth	Pair Corr
0.98	ASCLX	Ab Select Longshort	Pair Corr
0.98	ASLAX	Ab Select Longshort	Pair Corr
0.9	ABSZX	Ab Discovery Value	Pair Corr
0.93	ABVCX	Ab Value Fund	Pair Corr
0.9	ABYSX	Ab Discovery Value	Pair Corr
0.66	AUNYX	Ab Municipal Bond	Pair Corr
0.66	AUNTX	Ab Municipal Bond	Pair Corr
0.98	AUUIX	Ab Select Equity	Pair Corr
0.99	ADGAX	Ab E Opportunities	Pair Corr
0.99	ADGYX	Ab E Opportunities	Pair Corr
0.99	ADGZX	Ab E Opportunities	Pair Corr
0.96	QUAIX	Ab Small Cap	Pair Corr
0.96	QUAKX	Ab Small Cap	Pair Corr

Moving against APGZX Mutual Fund

0.67	ANAIX	Ab Global Bond	Pair Corr
0.65	ANAGX	Ab Global Bond	Pair Corr
0.64	ANAZX	Ab Global Bond	Pair Corr
0.52	AMNCX	Ab Minnesota Portfolio	Pair Corr
0.52	ANYCX	Ab New York	Pair Corr
0.41	ARECX	Ab Global Real	Pair Corr
0.39	CIGYX	Ab Centrated Interna	Pair Corr
0.32	ABIMX	Ab Impact Municipal	Pair Corr
0.72	ABQZX	Ab Intermediate Bond	Pair Corr
0.51	AVACX	Ab Virginia Portfolio	Pair Corr
0.49	AVAAX	Ab Virginia Portfolio	Pair Corr
0.46	AWPIX	Ab International Growth	Pair Corr
0.42	AIDYX	Diversified Municipal	Pair Corr
0.42	AIDZX	Diversified Municipal	Pair Corr
0.41	SNDPX	Diversified Municipal	Pair Corr
0.39	ABNCX	Ab Bond Inflation	Pair Corr

Related Correlations Analysis

	GCEAX	GCECX	GCEYX	AMNCX	AMNAX	AMTAX	AMTYX	AMTOX	ANAZX	ANAYX
GCEAX		1.0	1.0	0.06	0.12	0.92	0.92	0.92	-0.04	-0.04	GCEAX
GCECX	1.0		1.0	0.08	0.14	0.92	0.92	0.92	-0.02	-0.01	GCECX
GCEYX	1.0	1.0		0.05	0.11	0.92	0.92	0.92	-0.05	-0.05	GCEYX
AMNCX	0.06	0.08	0.05		0.99	0.13	0.12	0.13	0.92	0.93	AMNCX
AMNAX	0.12	0.14	0.11	0.99		0.2	0.19	0.2	0.9	0.9	AMNAX
AMTAX	0.92	0.92	0.92	0.13	0.2		1.0	1.0	-0.02	-0.01	AMTAX
AMTYX	0.92	0.92	0.92	0.12	0.19	1.0		1.0	-0.02	-0.02	AMTYX
AMTOX	0.92	0.92	0.92	0.13	0.2	1.0	1.0		-0.01	-0.01	AMTOX
ANAZX	-0.04	-0.02	-0.05	0.92	0.9	-0.02	-0.02	-0.01		1.0	ANAZX
ANAYX	-0.04	-0.01	-0.05	0.93	0.9	-0.01	-0.02	-0.01	1.0		ANAYX
	GCEAX	GCECX	GCEYX	AMNCX	AMNAX	AMTAX	AMTYX	AMTOX	ANAZX	ANAYX

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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

GCECX	+ 1.0	GCEAX
GCEYX	+ 1.0	GCEAX
GCEYX	+ 1.0	GCECX
AMTYX	+ 1.0	AMTAX
AMTOX	+ 1.0	AMTAX
AMTOX	+ 1.0	AMTYX

High negative correlations

ANAYX	- 0.05	GCEYX
ANAZX	- 0.05	GCEYX
ANAYX	- 0.04	GCEAX
ANAZX	- 0.04	GCEAX
ANAYX	- 0.02	AMTYX
ANAZX	- 0.02	AMTYX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GCEAX	0.58	(0.07)	(0.14)	0.02	0.71	(0.60)	1.15	(1.24)	3.45
GCECX	0.57	(0.08)	(0.15)	0.01	0.70	(0.61)	1.18	(1.22)	3.44
GCEYX	0.57	(0.07)	(0.14)	0.02	0.71	(0.60)	1.14	(1.24)	3.44
AMNCX	0.12	0.00	0.00	0.15	0.00	0.00	0.31	(0.31)	1.15
AMNAX	0.12	0.00	(0.45)	0.11	0.19	(0.17)	0.31	(0.31)	1.15
AMTAX	0.49	0.00	(0.11)	0.13	0.54	(0.57)	1.18	(1.05)	3.45
AMTYX	0.49	0.01	(0.10)	0.14	0.55	(0.56)	1.08	(1.05)	3.57
AMTOX	0.49	0.00	(0.10)	0.13	0.53	(0.60)	1.10	(1.08)	3.43
ANAZX	0.18	(0.02)	0.00	1.56	0.00	0.00	0.29	(0.29)	1.01
ANAYX	0.17	(0.02)	0.00	0.66	0.00	0.00	0.29	(0.29)	1.01

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