AB Active Correlations

LRGC Etf

79.38 0.43 0.54%

The current 90-days correlation between AB Active ETFs and Harbor ETF Trust is 0.96 (i.e., Almost no 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.

AB Active Correlation With Market

Very poor diversification

The correlation between AB Active ETFs and DJI is 0.84 (i.e., Very 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 LRGC Etf

Check out Correlation Analysis 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 price.

Moving together with LRGC Etf

0.96	VTI	Vanguard Total Stock	Pair Corr
0.94	SPY	SPDR SP 500	Pair Corr
0.94	IVV	iShares Core SP	Pair Corr
0.84	VIG	Vanguard Dividend	Pair Corr
0.94	VV	Vanguard Large Cap	Pair Corr
0.85	RSP	Invesco SP 500	Pair Corr
0.95	IWB	iShares Russell 1000	Pair Corr
0.93	ESGU	iShares ESG Aware	Pair Corr
0.9	DFAC	Dimensional Core Equity	Pair Corr
0.68	MUU	Direxion Daily MU Buyout Trend	Pair Corr
0.68	MULL	GraniteShares 2x Long	Pair Corr
0.71	KORU	Direxion Daily South	Pair Corr
0.61	AGQ	ProShares Ultra Silver	Pair Corr
0.75	JEPI	JPMorgan Equity Premium	Pair Corr
0.7	AA	Alcoa Corp	Pair Corr
0.61	BA	Boeing	Pair Corr
0.62	AXP	American Express	Pair Corr
0.69	BAC	Bank of America Earnings Call This Week	Pair Corr

Moving against LRGC Etf

0.5	T	ATT Inc	Pair Corr
0.47	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	INFO	PNOV	CVLC	ROBT	PMAY	USSG	PMAR	VUSE	FDRR	GJUL
INFO		0.92	0.99	0.22	0.87	0.99	0.9	0.7	0.91	0.94	INFO
PNOV	0.92		0.93	0.25	0.93	0.92	0.94	0.79	0.9	0.97	PNOV
CVLC	0.99	0.93		0.21	0.89	0.98	0.92	0.71	0.95	0.95	CVLC
ROBT	0.22	0.25	0.21		-0.01	0.19	0.02	0.7	-0.01	0.13	ROBT
PMAY	0.87	0.93	0.89	-0.01		0.89	0.99	0.62	0.94	0.98	PMAY
USSG	0.99	0.92	0.98	0.19	0.89		0.93	0.68	0.93	0.95	USSG
PMAR	0.9	0.94	0.92	0.02	0.99	0.93		0.63	0.96	0.99	PMAR
VUSE	0.7	0.79	0.71	0.7	0.62	0.68	0.63		0.6	0.72	VUSE
FDRR	0.91	0.9	0.95	-0.01	0.94	0.93	0.96	0.6		0.95	FDRR
GJUL	0.94	0.97	0.95	0.13	0.98	0.95	0.99	0.72	0.95		GJUL
	INFO	PNOV	CVLC	ROBT	PMAY	USSG	PMAR	VUSE	FDRR	GJUL

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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

CVLC	+ 0.99	INFO
USSG	+ 0.99	INFO
PMAR	+ 0.99	PMAY
GJUL	+ 0.99	PMAR
USSG	+ 0.98	CVLC
GJUL	+ 0.98	PMAY

High negative correlations

FDRR	- 0.01	ROBT
PMAY	- 0.01	ROBT

AB Active Constituents Risk-Adjusted Indicators

There is a big difference between LRGC 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
INFO	0.61	(0.01)	(0.02)	0.07	0.89	(0.59)	1.23	(1.35)	3.63
PNOV	0.27	0.00	(0.13)	0.08	0.32	(0.27)	0.52	(0.67)	1.97
CVLC	0.61	(0.01)	(0.02)	0.07	0.84	(0.62)	1.18	(1.21)	3.34
ROBT	1.19	(0.11)	(0.04)	0.01	1.72	(1.12)	2.39	(2.68)	6.77
PMAY	0.15	0.01	(0.22)	0.11	0.14	(0.15)	0.39	(0.39)	0.95
USSG	0.60	0.00	(0.01)	0.09	0.87	(0.55)	1.41	(1.43)	4.28
PMAR	0.19	0.01	(0.14)	0.11	0.25	(0.19)	0.48	(0.46)	1.19
VUSE	0.63	(0.06)	(0.07)	0.02	0.88	(0.58)	1.18	(1.44)	3.44
FDRR	0.53	0.01	(0.01)	0.09	0.63	(0.57)	1.24	(1.05)	2.70
GJUL	0.25	0.00	(0.15)	0.09	0.27	(0.26)	0.52	(0.52)	1.36

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