Ab Select Correlations

AUUYX Fund

USD 22.09 0.19 0.85%

The current 90-days correlation between Ab Select Equity and Victory Rs Partners is 0.34 (i.e., Weak 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

Average diversification

The correlation between Ab Select Equity and DJI is 0.18 (i.e., Average 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.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ab Select Equity. 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 manufacturing.

Moving together with AUUYX Mutual Fund

0.78	AMTOX	Ab All Market	Pair Corr
0.66	SCYVX	Ab Small Cap	Pair Corr
0.75	ARECX	Ab Global Real	Pair Corr
0.95	ASCLX	Ab Select Longshort	Pair Corr
0.93	ABVCX	Ab Value Fund	Pair Corr
0.91	ABYSX	Ab Discovery Value	Pair Corr
0.93	AUIAX	Ab Equity Income	Pair Corr
0.68	AUNTX	Ab Municipal Bond	Pair Corr
0.67	AUNCX	Ab Municipal Bond	Pair Corr
0.95	AUUIX	Ab Select Equity	Pair Corr
0.96	ADGAX	Ab E Opportunities	Pair Corr
0.76	AEEIX	Ab Global Real	Pair Corr
0.83	CABIX	Ab Global Risk	Pair Corr
0.97	WPASX	Ab Centrated Growth	Pair Corr
0.87	CBSYX	Ab Global Risk	Pair Corr
0.88	ALCKX	Ab Large Cap	Pair Corr

Related Correlations Analysis

	RSPKX	HDCAX	TMVAX	EIPIX	BOSVX	MSSGX	LANIX
RSPKX		0.32	0.85	0.93	0.93	0.17	0.77	RSPKX
HDCAX	0.32		0.51	0.42	0.12	0.87	0.58	HDCAX
TMVAX	0.85	0.51		0.82	0.73	0.39	0.79	TMVAX
EIPIX	0.93	0.42	0.82		0.84	0.32	0.71	EIPIX
BOSVX	0.93	0.12	0.73	0.84		-0.07	0.65	BOSVX
MSSGX	0.17	0.87	0.39	0.32	-0.07		0.38	MSSGX
LANIX	0.77	0.58	0.79	0.71	0.65	0.38		LANIX
	RSPKX	HDCAX	TMVAX	EIPIX	BOSVX	MSSGX	LANIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

EIPIX	+ 0.93	RSPKX
BOSVX	+ 0.93	RSPKX
MSSGX	+ 0.87	HDCAX
TMVAX	+ 0.85	RSPKX
BOSVX	+ 0.84	EIPIX
EIPIX	+ 0.82	TMVAX

High negative correlations

MSSGX

- 0.07

BOSVX

Risk-Adjusted Indicators

There is a big difference between AUUYX Mutual Fund performing well and Ab Select 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 Select'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
RSPKX	0.79	(0.08)	0.00	(0.23)	0.00	0.00	1.58	(1.29)	12.35
HDCAX	0.47	0.04	0.02	(3.30)	0.62	(0.49)	0.84	(1.03)	3.80
TMVAX	0.96	(0.06)	0.00	(0.48)	0.00	0.00	1.96	(1.75)	16.02
EIPIX	0.75	(0.03)	0.00	(0.08)	0.00	0.00	1.33	(1.08)	10.11
BOSVX	0.98	(0.12)	0.00	(0.31)	0.00	0.00	1.81	(1.45)	15.27
MSSGX	1.53	0.47	0.25	23.13	1.41	(1.89)	3.70	(2.26)	11.77
LANIX	0.57	(0.05)	0.00	(0.14)	0.00	0.00	1.04	(0.87)	8.27

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC