Ab Global Correlations

CABIX Fund

USD 17.70 0.01 0.06%

The current 90-days correlation between Ab Global Risk and HUMANA INC is 0.04 (i.e., Significant diversification). The correlation of Ab Global 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 Global Correlation With Market

Good diversification

The correlation between Ab Global Risk and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Global Risk 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 Global Risk. 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 gross domestic product.

Moving together with CABIX Mutual Fund

0.79	GCEAX	Ab Global E	Pair Corr
0.79	GCECX	Ab Global E	Pair Corr
0.78	GCEYX	Ab Global E	Pair Corr
0.82	AMTAX	Ab All Market	Pair Corr
0.79	AMTZX	Ab All Market	Pair Corr
0.82	AMTYX	Ab All Market	Pair Corr
0.82	AMTOX	Ab All Market	Pair Corr
0.77	ANBIX	Ab Bond Inflation	Pair Corr
0.68	ANIAX	New York Municipal	Pair Corr
0.68	ANIYX	New York Municipal	Pair Corr
0.61	ANMCX	New York Municipal	Pair Corr
0.61	STEYX	International Strategic	Pair Corr
0.61	STEZX	International Strategic	Pair Corr
0.72	APAAX	Ab Pennsylvania Portfolio	Pair Corr
0.73	APACX	Ab Pennsylvania Portfolio	Pair Corr
0.7	SUTAX	Ab Sustainable Thematic	Pair Corr

Related Correlations Analysis

	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	144285AL7	AAEVX
444859BR2		0.0	0.3	-0.62	-0.59	-0.09	0.21	-0.34	0.08	-0.7	444859BR2
AQUI	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	0.3	0.0		-0.5	-0.45	-0.44	-0.02	0.08	-0.24	-0.39	BRRAY
MSTSX	-0.62	0.0	-0.5		0.72	0.4	0.03	-0.09	0.13	0.79	MSTSX
LBHIX	-0.59	0.0	-0.45	0.72		0.62	-0.21	0.17	-0.02	0.69	LBHIX
ABHYX	-0.09	0.0	-0.44	0.4	0.62		-0.01	-0.21	0.3	0.13	ABHYX
SCAXF	0.21	0.0	-0.02	0.03	-0.21	-0.01		-0.71	0.39	-0.3	SCAXF
VIASP	-0.34	0.0	0.08	-0.09	0.17	-0.21	-0.71		-0.52	0.3	VIASP
144285AL7	0.08	0.0	-0.24	0.13	-0.02	0.3	0.39	-0.52		-0.13	144285AL7
AAEVX	-0.7	0.0	-0.39	0.79	0.69	0.13	-0.3	0.3	-0.13		AAEVX
	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	144285AL7	AAEVX

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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

AAEVX	+ 0.79	MSTSX
LBHIX	+ 0.72	MSTSX
AAEVX	+ 0.69	LBHIX
ABHYX	+ 0.62	LBHIX
ABHYX	+ 0.4	MSTSX
144285AL7	+ 0.39	SCAXF

High negative correlations

VIASP	- 0.71	SCAXF
AAEVX	- 0.7	444859BR2
MSTSX	- 0.62	444859BR2
LBHIX	- 0.59	444859BR2
144285AL7	- 0.52	VIASP
MSTSX	- 0.5	BRRAY

Risk-Adjusted Indicators

There is a big difference between CABIX Mutual Fund performing well and Ab Global 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 Global'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
444859BR2	1.32	0.04	0.00	0.04	0.00	0.00	5.93	(4.60)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.10)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.49	(0.03)	(0.09)	0.05	0.52	(0.59)	1.21	(1.02)	2.80
LBHIX	0.11	0.00	(0.27)	0.00	0.00	(0.29)	0.24	(0.24)	0.96
ABHYX	0.16	0.00	(0.17)	0.11	0.26	(0.23)	0.34	(0.33)	1.91
SCAXF	0.70	(0.40)	0.00	(1.01)	0.00	0.00	0.00	0.00	23.47
VIASP	0.75	0.14	0.04	(6.44)	1.01	(0.84)	2.28	(1.15)	7.18
144285AL7	0.36	(0.02)	0.00	4.40	0.00	0.00	0.96	(0.95)	2.51
AAEVX	0.51	0.06	(0.05)	(0.67)	0.56	(0.61)	1.07	(0.77)	3.24

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