Ab Equity Correlations

AUIYX Fund

USD 36.86 0.38 1.02%

The current 90-days correlation between Ab Equity Income and Guidemark Large Cap is 0.36 (i.e., Weak 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 0.92 (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 producer price index.

Moving together with AUIYX Mutual Fund

0.97	GCEAX	Ab Global E	Pair Corr
0.99	GCECX	Ab Global E	Pair Corr
0.99	GCEYX	Ab Global E	Pair Corr
0.82	AMTAX	Ab All Market	Pair Corr
0.84	AMTZX	Ab All Market	Pair Corr
0.84	AMTYX	Ab All Market	Pair Corr
0.84	AMTOX	Ab All Market	Pair Corr
0.64	ANBIX	Ab Bond Inflation	Pair Corr
0.98	STEYX	International Strategic	Pair Corr
0.98	STEZX	International Strategic	Pair Corr
0.98	STESX	International Strategic	Pair Corr
0.95	SCAVX	Ab Small Cap	Pair Corr
0.96	SCCVX	Ab Small Cap	Pair Corr
0.96	SCRSX	Small Cap Core	Pair Corr
0.96	SCRYX	Small Cap Core	Pair Corr
0.96	SCRZX	Small Cap Core	Pair Corr
0.96	SCYVX	Ab Small Cap	Pair Corr
0.89	APGZX	Ab Large Cap	Pair Corr
0.89	APGYX	Ab Large Cap	Pair Corr
0.92	APGAX	Ab Large Cap	Pair Corr
0.88	APGCX	Ab Large Cap	Pair Corr
0.95	CHCLX	Ab Discovery Growth	Pair Corr
0.93	CHCIX	Ab Discovery Growth	Pair Corr
0.93	CHCCX	Ab Discovery Growth	Pair Corr
0.93	CHCYX	Ab Discovery Growth	Pair Corr
0.83	CHCZX	Ab Discovery Growth	Pair Corr

Moving against AUIYX Mutual Fund

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

Related Correlations Analysis

	AMFFX	TWQZX	LMTIX	HNLVX	MTCGX	RTLCX	GMLVX
AMFFX		0.97	0.94	0.95	0.85	0.71	0.81	AMFFX
TWQZX	0.97		0.93	0.93	0.85	0.71	0.85	TWQZX
LMTIX	0.94	0.93		0.9	0.79	0.86	0.73	LMTIX
HNLVX	0.95	0.93	0.9		0.88	0.71	0.84	HNLVX
MTCGX	0.85	0.85	0.79	0.88		0.67	0.87	MTCGX
RTLCX	0.71	0.71	0.86	0.71	0.67		0.63	RTLCX
GMLVX	0.81	0.85	0.73	0.84	0.87	0.63		GMLVX
	AMFFX	TWQZX	LMTIX	HNLVX	MTCGX	RTLCX	GMLVX

Risk-Adjusted Indicators

There is a big difference between AUIYX 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AMFFX	0.54	0.16	0.17	(2.01)	0.45	(0.61)	0.87	(1.03)	7.65
TWQZX	0.57	0.18	0.22	1.42	0.43	(0.70)	1.28	(1.13)	3.68
LMTIX	0.63	0.02	0.02	0.07	0.78	(0.63)	1.15	(1.37)	4.94
HNLVX	1.01	0.48	0.67	1.29	0.00	(1.19)	1.29	(0.95)	26.68
MTCGX	1.16	0.26	0.21	0.46	0.86	(1.35)	1.38	(1.87)	29.28
RTLCX	0.55	(0.05)	0.00	(0.03)	0.00	0.00	1.13	(1.19)	3.51
GMLVX	0.68	0.12	0.14	0.25	0.57	(0.85)	1.47	(1.27)	4.36

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