Ab Global Correlations

CBSYX Fund

USD 15.82 0.03 0.19%

The current 90-days correlation between Ab Global Risk and Balanced Allocation Fund is 0.31 (i.e., Weak 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

Poor diversification

The correlation between Ab Global Risk and DJI is 0.65 (i.e., Poor 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 unemployment.

Moving together with CBSYX Mutual Fund

0.85	SCYVX	Ab Small Cap	Pair Corr
0.88	ASCLX	Ab Select Longshort	Pair Corr
0.97	ABVCX	Ab Value Fund	Pair Corr
0.93	ABYSX	Ab Discovery Value	Pair Corr
0.95	AUIAX	Ab Equity Income	Pair Corr
0.95	AUUIX	Ab Select Equity	Pair Corr
0.95	AUUYX	Ab Select Equity	Pair Corr
0.65	QUAIX	Ab Small Cap	Pair Corr
0.65	QUAZX	Ab Small Cap	Pair Corr
0.69	AGDAX	Ab High Income	Pair Corr
0.69	AGDYX	Ab High Income	Pair Corr
1.0	CABIX	Ab Global Risk	Pair Corr

Moving against CBSYX Mutual Fund

0.41	ABNCX	Ab Bond Inflation	Pair Corr
0.44	ONERX	One Rock Fund	Pair Corr

Related Correlations Analysis

	GBAYX	GLV	DLQIX	JDVNX	PLAAX	AMONX	POICX
GBAYX		0.3	0.78	0.84	0.75	0.75	0.67	GBAYX
GLV	0.3		0.19	0.29	0.08	0.09	0.08	GLV
DLQIX	0.78	0.19		0.9	0.95	0.99	0.93	DLQIX
JDVNX	0.84	0.29	0.9		0.85	0.89	0.89	JDVNX
PLAAX	0.75	0.08	0.95	0.85		0.95	0.89	PLAAX
AMONX	0.75	0.09	0.99	0.89	0.95		0.94	AMONX
POICX	0.67	0.08	0.93	0.89	0.89	0.94		POICX
	GBAYX	GLV	DLQIX	JDVNX	PLAAX	AMONX	POICX

Risk-Adjusted Indicators

There is a big difference between CBSYX 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
GBAYX	0.35	0.06	0.07	0.19	0.14	(0.42)	0.63	(0.53)	5.24
GLV	0.58	0.02	(0.01)	0.08	0.65	(0.66)	1.04	(1.31)	3.87
DLQIX	0.88	0.32	0.31	0.63	0.38	(1.06)	1.47	(1.30)	19.80
JDVNX	0.71	0.09	0.10	0.15	0.63	(0.83)	1.47	(1.28)	7.95
PLAAX	1.32	0.47	0.36	2.11	0.57	(1.58)	1.90	(1.92)	36.26
AMONX	1.23	0.47	0.36	1.02	0.51	(1.57)	1.76	(1.85)	31.94
POICX	0.62	0.17	0.27	0.36	0.00	(0.83)	0.81	(0.81)	16.27

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