AB Moderate Correlations

BUFM Etf

39.54 0.11 0.28%

The current 90-days correlation between AB Moderate Buffer and FT Cboe Vest is 0.92 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AB Moderate moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AB Moderate Buffer moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

AB Moderate Correlation With Market

Very poor diversification

The correlation between AB Moderate Buffer and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AB Moderate Buffer and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with BUFM Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AB Moderate Buffer. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with BUFM Etf

0.89	INOV	Innovator ETFs Trust	Pair Corr
0.99	BUFR	First Trust Cboe Sell-off Trend	Pair Corr
0.93	BUFD	FT Cboe Vest	Pair Corr
0.99	PSEP	Innovator SP 500	Pair Corr
0.96	PJAN	Innovator SP 500	Pair Corr
0.93	PJUL	Innovator SP 500	Pair Corr
0.93	PAUG	Innovator Equity Power	Pair Corr
0.92	DNOV	FT Cboe Vest	Pair Corr
0.96	PMAY	Innovator SP 500	Pair Corr
0.93	ACII	Innovator ETFs Trust	Pair Corr
0.64	AGQ	ProShares Ultra Silver	Pair Corr
0.61	JNUG	Direxion Daily Junior	Pair Corr
0.64	SIL	Global X Silver	Pair Corr
0.87	AA	Alcoa Corp	Pair Corr
0.66	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.64	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.85	BA	Boeing	Pair Corr
0.65	INTC	Intel	Pair Corr
0.76	WMT	Walmart Common Stock	Pair Corr

Moving against BUFM Etf

0.66	HPQ	HP Inc Aggressive Push	Pair Corr
0.53	MSFT	Microsoft Sell-off Trend	Pair Corr
0.35	MMM	3M Company	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.33	-0.33	0.37	0.17	-0.48	-0.08	0.34	0.25	0.38	META
MSFT	-0.33		0.75	-0.48	-0.52	0.65	0.75	-0.02	-0.77	-0.88	MSFT
UBER	-0.33	0.75		-0.42	-0.27	0.73	0.39	-0.19	-0.77	-0.68	UBER
F	0.37	-0.48	-0.42		-0.15	-0.35	-0.12	0.38	0.63	0.57	F
T	0.17	-0.52	-0.27	-0.15		-0.19	-0.67	-0.05	0.18	0.41	T
A	-0.48	0.65	0.73	-0.35	-0.19		0.35	-0.12	-0.57	-0.73	A
CRM	-0.08	0.75	0.39	-0.12	-0.67	0.35		0.42	-0.41	-0.75	CRM
JPM	0.34	-0.02	-0.19	0.38	-0.05	-0.12	0.42		0.27	-0.01	JPM
MRK	0.25	-0.77	-0.77	0.63	0.18	-0.57	-0.41	0.27		0.76	MRK
XOM	0.38	-0.88	-0.68	0.57	0.41	-0.73	-0.75	-0.01	0.76		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

XOM	+ 0.76	MRK
UBER	+ 0.75	MSFT
CRM	+ 0.75	MSFT
A	+ 0.73	UBER
A	+ 0.65	MSFT
MRK	+ 0.63	F

High negative correlations

XOM	- 0.88	MSFT
MRK	- 0.77	UBER
MRK	- 0.77	MSFT
XOM	- 0.75	CRM
XOM	- 0.73	A
XOM	- 0.68	UBER

AB Moderate Competition Risk-Adjusted Indicators

There is a big difference between BUFM Etf performing well and AB Moderate ETF 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 Moderate'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
META	1.50	0.14	0.07	0.33	1.32	(1.82)	3.43	(2.47)	13.69
MSFT	1.34	(0.33)	0.00	(0.70)	0.00	0.00	1.90	(2.74)	13.28
UBER	1.46	(0.39)	0.00	(0.62)	0.00	0.00	2.41	(3.82)	11.09
F	1.17	(0.01)	(0.01)	0.08	1.19	(1.42)	3.38	(2.35)	7.16
T	0.95	0.17	0.10	1.80	0.82	(1.08)	2.02	(1.54)	5.31
A	1.22	(0.29)	0.00	(0.16)	0.00	0.00	2.90	(2.58)	7.85
CRM	1.68	(0.48)	0.00	(0.34)	0.00	0.00	2.94	(5.31)	12.37
JPM	1.21	(0.08)	(0.02)	0.03	1.66	(1.26)	2.34	(3.11)	7.38
MRK	1.31	0.49	0.32	1.17	0.99	(1.62)	3.59	(1.98)	8.09
XOM	1.17	0.44	0.27	3.48	0.92	(1.39)	2.69	(2.11)	5.85

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