AB Active Correlations

EMOP Etf

42.02 1.31 3.22%

The current 90-days correlation between AB Active ETFs and Simplify Exchange Traded is 0.49 (i.e., Very weak diversification). The correlation of AB Active 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 Active Correlation With Market

Poor diversification

The correlation between AB Active ETFs and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AB Active ETFs and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with EMOP Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in AB Active ETFs. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with EMOP Etf

0.79	VWO	Vanguard FTSE Emerging	Pair Corr
0.96	IEMG	iShares Core MSCI Aggressive Push	Pair Corr
0.97	EEM	iShares MSCI Emerging Aggressive Push	Pair Corr
0.85	SPEM	SPDR Portfolio Emerging	Pair Corr
0.87	FNDE	Schwab Fundamental	Pair Corr
0.96	ESGE	iShares ESG Aware	Pair Corr
0.7	SFGRX	Seafarer Overseas	Pair Corr
0.77	DGS	WisdomTree Emerging	Pair Corr
0.93	XSOE	WisdomTree Emerging	Pair Corr
0.77	ITDD	iShares Trust	Pair Corr
0.63	CPST	Calamos ETF Trust	Pair Corr
0.64	BAC	Bank of America	Pair Corr

Moving against EMOP Etf

0.36

Procter Gamble

Pair Corr

Related Correlations Analysis

	LITL	WCEO	JPAN	SNPD	ISHP	GBLD	GMMA	TOT	AVIE	CARU
LITL		0.9	0.69	0.81	-0.16	0.16	0.81	0.83	0.75	0.63	LITL
WCEO	0.9		0.58	0.86	0.21	0.33	0.72	0.83	0.55	0.81	WCEO
JPAN	0.69	0.58		0.43	-0.09	0.2	0.77	0.81	0.45	0.28	JPAN
SNPD	0.81	0.86	0.43		0.02	0.42	0.56	0.61	0.76	0.72	SNPD
ISHP	-0.16	0.21	-0.09	0.02		0.61	-0.12	0.12	-0.56	0.5	ISHP
GBLD	0.16	0.33	0.2	0.42	0.61		0.14	0.29	0.0	0.5	GBLD
GMMA	0.81	0.72	0.77	0.56	-0.12	0.14		0.91	0.61	0.4	GMMA
TOT	0.83	0.83	0.81	0.61	0.12	0.29	0.91		0.5	0.56	TOT
AVIE	0.75	0.55	0.45	0.76	-0.56	0.0	0.61	0.5		0.28	AVIE
CARU	0.63	0.81	0.28	0.72	0.5	0.5	0.4	0.56	0.28		CARU
	LITL	WCEO	JPAN	SNPD	ISHP	GBLD	GMMA	TOT	AVIE	CARU

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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

TOT	+ 0.91	GMMA
WCEO	+ 0.9	LITL
SNPD	+ 0.86	WCEO
TOT	+ 0.83	LITL
TOT	+ 0.83	WCEO
SNPD	+ 0.81	LITL

High negative correlations

AVIE	- 0.56	ISHP
ISHP	- 0.16	LITL
GMMA	- 0.12	ISHP
ISHP	- 0.09	JPAN
AVIE	- 0.0	GBLD

AB Active Constituents Risk-Adjusted Indicators

There is a big difference between EMOP Etf performing well and AB Active 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 Active'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
LITL	0.87	(0.02)	0.00	0.04	0.99	(1.13)	1.83	(1.95)	4.92
WCEO	0.70	(0.03)	(0.03)	0.03	0.90	(0.71)	1.52	(1.37)	3.78
JPAN	0.70	0.01	0.01	0.07	1.03	(0.69)	1.54	(1.62)	6.20
SNPD	0.49	(0.02)	(0.06)	0.02	0.61	(0.52)	0.96	(1.05)	2.98
ISHP	0.73	(0.15)	0.00	(0.08)	0.00	0.00	1.21	(1.79)	4.40
GBLD	0.48	(0.05)	0.00	(0.04)	0.00	0.00	1.13	(1.17)	2.70
GMMA	0.25	(0.01)	(0.09)	0.04	0.41	(0.26)	0.48	(0.57)	3.27
TOT	0.61	(0.02)	(0.03)	0.03	0.92	(0.57)	1.42	(1.23)	3.45
AVIE	0.50	0.04	0.03	0.13	0.54	(0.53)	0.98	(0.83)	2.82
CARU	3.72	(0.41)	0.00	(0.03)	0.00	0.00	6.45	(7.57)	20.84

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