Ab Relative Correlations

Mutual Funds . USA . 
Fund . Ab Relative Value
CABDX Fund  USD 6.66  0.02  0.30%   
The current 90-days correlation between Ab Relative Value and Value Line Mid is 0.57 (i.e., Very weak diversification). The correlation of Ab Relative 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 Relative Correlation With Market

Almost no diversification

The correlation between Ab Relative Value and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Relative Value 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 Relative Value. 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 small area income & poverty estimates.

Moving together with CABDX Mutual Fund

  0.97GCEAX Ab Global EPairCorr
  0.85AMTZX Ab All MarketPairCorr
  0.84AMTOX Ab All MarketPairCorr
  0.97SCAVX Ab Small CapPairCorr
  0.97SCCVX Ab Small CapPairCorr
  0.96SCRSX Small Cap CorePairCorr
  0.96SCRYX Small Cap CorePairCorr
  0.97SCYVX Ab Small CapPairCorr
  0.91APGYX Ab Large CapPairCorr
  0.91APGCX Ab Large CapPairCorr
  0.94CHCIX Ab Discovery GrowthPairCorr
  0.93ASCLX Ab Select LongshortPairCorr
  0.93ASLAX Ab Select LongshortPairCorr
  0.94ABIAX Ab International ValuePairCorr
  0.98ABSZX Ab Discovery ValuePairCorr
  0.99ABVCX Ab Value FundPairCorr
  0.92ABWCX Ab All MarketPairCorr
  0.99ABVIX Ab Value FundPairCorr
  0.92ABWYX Ab All MarketPairCorr
  0.98ABYSX Ab Discovery ValuePairCorr
  0.93ATWCX Ab Tax ManagedPairCorr
  0.99AUIIX Ab Equity IncomePairCorr
  0.99AUIAX Ab Equity IncomePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between CABDX Mutual Fund performing well and Ab Relative 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 Relative'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GABSX  0.74  0.12  0.14  0.19  0.55 
(0.85)
 2.33 
(1.28)
 5.07 
GACIX  0.74  0.12  0.15  0.19  0.55 
(0.85)
 2.33 
(1.29)
 5.07 
CSVYX  0.79  0.07  0.09  0.14  0.69 
(0.96)
 2.38 
(1.38)
 5.00 
BDFIX  0.83 (0.07)(0.05) 0.01  1.10 
(0.80)
 1.66 
(1.71)
 4.54 
BDFFX  0.83 (0.07)(0.05) 0.00  1.11 
(0.80)
 1.62 
(1.71)
 4.54 
PPVFX  0.07  0.00 (0.59)(0.20) 0.00 
(0.12)
 0.11 
(0.11)
 0.32 
FLCCX  0.50  0.11  0.02 (0.37) 0.58 
(0.69)
 1.13 
(1.32)
 8.00 
SDLAX  0.76  0.19  0.21  0.29  0.49 
(0.93)
 1.21 
(1.19)
 16.91 
FAMVX  0.64 (0.01)(0.02) 0.06  0.75 
(0.66)
 1.34 
(1.29)
 4.33 
VLIFX  0.59 (0.04)(0.07) 0.02  0.71 
(0.65)
 1.44 
(1.24)
 3.99 

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