Ab Concentrated Correlations

CICGX Fund

USD 9.93 0.12 1.22%

The current 90-days correlation between Ab Centrated Interna and Ab Global E is 0.86 (i.e., Very poor diversification). The correlation of Ab Concentrated 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 Concentrated Correlation With Market

Very weak diversification

The correlation between Ab Centrated International and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Centrated International 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 Centrated International. 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 price.

Moving together with CICGX Mutual Fund

0.64	ANAZX	Ab Global Bond	Pair Corr
0.64	ANAYX	Ab Global Bond	Pair Corr
0.64	ANAGX	Ab Global Bond	Pair Corr
0.64	ANAIX	Ab Global Bond	Pair Corr
0.64	ANACX	Ab Global Bond	Pair Corr
0.77	ANBIX	Ab Bond Inflation	Pair Corr
0.83	STEZX	International Strategic	Pair Corr
0.83	STESX	International Strategic	Pair Corr
0.71	STHAX	Ab Sustainable Thematic	Pair Corr
0.72	STHYX	Ab Sustainable Thematic	Pair Corr

Moving against CICGX Mutual Fund

0.56	SCAVX	Ab Small Cap	Pair Corr
0.56	SCCVX	Ab Small Cap	Pair Corr
0.57	SCYVX	Ab Small Cap	Pair Corr
0.52	ASILX	Ab Select Longshort	Pair Corr
0.52	ASLAX	Ab Select Longshort	Pair Corr
0.51	ASCLX	Ab Select Longshort	Pair Corr
0.49	CHCLX	Ab Discovery Growth	Pair Corr
0.49	CHCIX	Ab Discovery Growth	Pair Corr
0.49	CHCCX	Ab Discovery Growth	Pair Corr
0.49	CHCYX	Ab Discovery Growth	Pair Corr
0.49	CHCZX	Ab Discovery Growth	Pair Corr

Related Correlations Analysis

	GCEAX	GCECX	GCEYX	AMNCX	AMNAX	AMTAX	AMTZX	AMTYX	AMTOX	ANAZX
GCEAX		1.0	1.0	0.06	0.1	0.92	0.92	0.92	0.92	-0.05	GCEAX
GCECX	1.0		1.0	0.08	0.12	0.92	0.92	0.92	0.92	-0.02	GCECX
GCEYX	1.0	1.0		0.05	0.09	0.92	0.92	0.92	0.92	-0.06	GCEYX
AMNCX	0.06	0.08	0.05		0.99	0.13	0.12	0.12	0.13	0.92	AMNCX
AMNAX	0.1	0.12	0.09	0.99		0.17	0.17	0.17	0.18	0.9	AMNAX
AMTAX	0.92	0.92	0.92	0.13	0.17		1.0	1.0	1.0	-0.03	AMTAX
AMTZX	0.92	0.92	0.92	0.12	0.17	1.0		1.0	1.0	-0.04	AMTZX
AMTYX	0.92	0.92	0.92	0.12	0.17	1.0	1.0		1.0	-0.04	AMTYX
AMTOX	0.92	0.92	0.92	0.13	0.18	1.0	1.0	1.0		-0.03	AMTOX
ANAZX	-0.05	-0.02	-0.06	0.92	0.9	-0.03	-0.04	-0.04	-0.03		ANAZX
	GCEAX	GCECX	GCEYX	AMNCX	AMNAX	AMTAX	AMTZX	AMTYX	AMTOX	ANAZX

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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

GCECX	+ 1.0	GCEAX
GCEYX	+ 1.0	GCEAX
GCEYX	+ 1.0	GCECX
AMTZX	+ 1.0	AMTAX
AMTYX	+ 1.0	AMTAX
AMTOX	+ 1.0	AMTAX

High negative correlations

ANAZX	- 0.06	GCEYX
ANAZX	- 0.05	GCEAX
ANAZX	- 0.04	AMTYX
ANAZX	- 0.04	AMTZX
ANAZX	- 0.03	AMTOX
ANAZX	- 0.03	AMTAX

Risk-Adjusted Indicators

There is a big difference between CICGX Mutual Fund performing well and Ab Concentrated 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 Concentrated'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
GCEAX	0.56	(0.07)	(0.14)	0.03	0.70	(0.58)	0.94	(1.24)	3.45
GCECX	0.56	(0.07)	(0.15)	0.03	0.69	(0.58)	0.95	(1.22)	3.44
GCEYX	0.56	(0.06)	(0.14)	0.03	0.70	(0.57)	0.98	(1.24)	3.44
AMNCX	0.13	0.01	(0.43)	(0.02)	0.17	(0.18)	0.31	(0.31)	1.15
AMNAX	0.13	0.01	(0.43)	0.00	0.17	(0.18)	0.31	(0.31)	1.15
AMTAX	0.46	(0.01)	(0.15)	0.11	0.55	(0.50)	0.98	(1.05)	2.33
AMTZX	0.45	(0.01)	(0.14)	0.11	0.57	(0.49)	0.99	(1.06)	2.26
AMTYX	0.45	0.00	(0.14)	0.11	0.56	(0.50)	0.98	(1.05)	2.33
AMTOX	0.46	(0.01)	(0.14)	0.11	0.54	(0.53)	1.00	(1.08)	2.38
ANAZX	0.19	0.00	(0.49)	0.66	0.20	(0.24)	0.29	(0.29)	1.01

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