Ab Equity Correlations

Mutual Funds . USA . 
Fund . Ab Equity Income
AUIIX Fund  USD 36.23  0.26  0.72%   
The current 90-days correlation between Ab Equity Income and Pro Blend Moderate Term is 0.22 (i.e., Modest diversification). The correlation of Ab Equity 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 Equity Correlation With Market

Almost no diversification

The correlation between Ab Equity Income and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Equity Income 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 Equity Income. 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 AUIIX Mutual Fund

  0.96GCEAX Ab Global EPairCorr
  0.99GCECX Ab Global EPairCorr
  0.99GCEYX Ab Global EPairCorr
  0.83AMTAX Ab All MarketPairCorr
  0.84AMTZX Ab All MarketPairCorr
  0.84AMTYX Ab All MarketPairCorr
  0.84AMTOX Ab All MarketPairCorr
  0.98STEYX International StrategicPairCorr
  0.97STEZX International StrategicPairCorr
  0.97STESX International StrategicPairCorr
  0.95SCAVX Ab Small CapPairCorr
  0.96SCCVX Ab Small CapPairCorr
  0.96SCRSX Small Cap CorePairCorr
  0.96SCRYX Small Cap CorePairCorr
  0.96SCRZX Small Cap CorePairCorr
  0.96SCYVX Ab Small CapPairCorr
  0.92APGZX Ab Large CapPairCorr
  0.92APGYX Ab Large CapPairCorr
  0.94APGAX Ab Large CapPairCorr
  0.92APGCX Ab Large CapPairCorr
  0.96CHCLX Ab Discovery GrowthPairCorr
  0.95CHCIX Ab Discovery GrowthPairCorr
  0.95CHCCX Ab Discovery Growth Potential GrowthPairCorr
  0.95CHCYX Ab Discovery GrowthPairCorr
  0.93ASCLX Ab Select LongshortPairCorr
  0.95ASLAX Ab Select LongshortPairCorr

Moving against AUIIX Mutual Fund

  0.55SUTCX Ab Sustainable ThematicPairCorr
  0.55SUTZX Ab Sustainable ThematicPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between AUIIX Mutual Fund performing well and Ab Equity 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 Equity'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.

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