| AUUCX Fund | | | USD 21.30 0.10 0.47% |
The current 90-days correlation between Ab Select Equity and Ab E Opportunities is 0.97 (i.e., Almost no diversification). The correlation of Ab Select 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 Select Correlation With Market
Very poor diversification
The correlation between Ab Select Equity and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Select Equity and DJI in the same portfolio, assuming nothing else is changed.
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