Ab Intermediate Correlations

IDPZX Fund

USD 11.40 0.05 0.44%

The current 90-days correlation between Ab Intermediate Duration and Artisan Mid Cap is 0.29 (i.e., Modest diversification). The correlation of Ab Intermediate 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 Intermediate Correlation With Market

Poor diversification

The correlation between Ab Intermediate Duration and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Intermediate Duration and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ab Intermediate Duration. 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 nation.

Moving together with IDPZX Mutual Fund

0.62	GCEAX	Ab Global E	Pair Corr
0.64	GCECX	Ab Global E	Pair Corr
0.65	GCEYX	Ab Global E	Pair Corr
0.64	AMTAX	Ab All Market	Pair Corr
0.69	AMTZX	Ab All Market	Pair Corr
0.68	AMTYX	Ab All Market	Pair Corr
0.68	AMTOX	Ab All Market	Pair Corr
0.62	ANAYX	Ab Global Bond	Pair Corr
0.63	ANAGX	Ab Global Bond	Pair Corr
0.71	ANBIX	Ab Bond Inflation	Pair Corr
0.64	STEYX	International Strategic	Pair Corr
0.64	STEZX	International Strategic	Pair Corr
0.64	STESX	International Strategic	Pair Corr
0.8	STHAX	Ab Sustainable Thematic	Pair Corr
0.8	STHYX	Ab Sustainable Thematic	Pair Corr
0.66	SCAVX	Ab Small Cap	Pair Corr
0.69	SCCVX	Ab Small Cap	Pair Corr
0.63	SCRSX	Small Cap Core	Pair Corr
0.63	SCRYX	Small Cap Core	Pair Corr
0.63	SCRZX	Small Cap Core	Pair Corr
0.69	SCYVX	Ab Small Cap	Pair Corr
0.65	CHCZX	Ab Discovery Growth	Pair Corr

Moving against IDPZX Mutual Fund

0.52	SUTAX	Ab Sustainable Thematic	Pair Corr
0.52	SUTCX	Ab Sustainable Thematic	Pair Corr
0.52	SUTZX	Ab Sustainable Thematic	Pair Corr

Related Correlations Analysis

	FSPCX	BASAX	BIASX	CISMX	PNYIX	CUTAX	PRESX	AOGIX	MIOIX	ARTQX
FSPCX		0.54	0.28	0.27	0.12	0.39	0.32	0.4	0.06	0.55	FSPCX
BASAX	0.54		0.87	0.79	0.62	0.91	0.87	0.92	0.24	0.92	BASAX
BIASX	0.28	0.87		0.9	0.67	0.91	0.92	0.91	0.36	0.9	BIASX
CISMX	0.27	0.79	0.9		0.63	0.77	0.85	0.77	0.4	0.84	CISMX
PNYIX	0.12	0.62	0.67	0.63		0.76	0.77	0.73	0.08	0.53	PNYIX
CUTAX	0.39	0.91	0.91	0.77	0.76		0.92	0.93	0.11	0.89	CUTAX
PRESX	0.32	0.87	0.92	0.85	0.77	0.92		0.94	0.4	0.86	PRESX
AOGIX	0.4	0.92	0.91	0.77	0.73	0.93	0.94		0.32	0.86	AOGIX
MIOIX	0.06	0.24	0.36	0.4	0.08	0.11	0.4	0.32		0.3	MIOIX
ARTQX	0.55	0.92	0.9	0.84	0.53	0.89	0.86	0.86	0.3		ARTQX
	FSPCX	BASAX	BIASX	CISMX	PNYIX	CUTAX	PRESX	AOGIX	MIOIX	ARTQX

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Risk-Adjusted Indicators

There is a big difference between IDPZX Mutual Fund performing well and Ab Intermediate 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 Intermediate'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
FSPCX	0.65	0.00	(0.06)	0.08	0.90	(0.73)	1.52	(1.04)	5.06
BASAX	1.22	0.39	0.41	0.50	0.32	(1.56)	2.34	(1.58)	24.99
BIASX	0.81	0.02	0.03	0.10	0.80	(0.89)	2.15	(1.58)	4.30
CISMX	0.82	(0.04)	(0.04)	0.05	0.89	(0.94)	2.19	(1.67)	5.06
PNYIX	0.08	0.00	(0.51)	0.00	0.00	(0.14)	0.19	(0.09)	0.75
CUTAX	0.03	0.00	0.00	1.44	0.00	0.00	0.10	0.00	0.10
PRESX	0.66	0.06	0.04	0.16	0.64	(0.73)	1.48	(1.10)	3.71
AOGIX	0.54	0.12	0.14	0.27	0.25	(0.67)	1.02	(0.97)	8.48
MIOIX	0.81	(0.13)	0.00	(0.05)	0.00	0.00	1.26	(1.73)	3.85
ARTQX	0.86	0.10	0.13	0.18	0.62	(1.09)	1.97	(1.25)	10.53

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