Ab Small Correlations

QUAKX Fund

USD 70.41 1.02 1.47%

The current 90-days correlation between Ab Small Cap and Vanguard Small Cap Growth is 0.96 (i.e., Almost no diversification). The correlation of Ab Small 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 Small Correlation With Market

Very poor diversification

The correlation between Ab Small Cap and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Small Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ab Small Cap. 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 industry.

Moving together with QUAKX Mutual Fund

0.64	GCEAX	Ab Global E	Pair Corr
0.62	GCECX	Ab Global E	Pair Corr
0.65	GCEYX	Ab Global E	Pair Corr
0.61	AMTZX	Ab All Market	Pair Corr
0.61	AMTYX	Ab All Market	Pair Corr
0.79	SCAVX	Ab Small Cap	Pair Corr
0.78	SCCVX	Ab Small Cap	Pair Corr
0.89	SCRSX	Small Cap Core	Pair Corr
0.89	SCRYX	Small Cap Core	Pair Corr
0.89	SCRZX	Small Cap Core	Pair Corr
0.79	SCYVX	Ab Small Cap	Pair Corr
0.96	APGZX	Ab Large Cap	Pair Corr
0.96	APGYX	Ab Large Cap	Pair Corr
0.92	APGAX	Ab Large Cap	Pair Corr

Moving against QUAKX Mutual Fund

0.55	ANACX	Ab Global Bond	Pair Corr
0.53	ANAYX	Ab Global Bond	Pair Corr
0.52	ANAIX	Ab Global Bond	Pair Corr
0.5	ANAGX	Ab Global Bond	Pair Corr
0.49	ANAZX	Ab Global Bond	Pair Corr
0.49	STHAX	Ab Sustainable Thematic	Pair Corr
0.47	STHYX	Ab Sustainable Thematic	Pair Corr
0.41	AMNCX	Ab Minnesota Portfolio	Pair Corr
0.41	ANYCX	Ab New York	Pair Corr
0.35	ANJAX	Ab New Jersey	Pair Corr
0.33	AOHCX	Ab Ohio Portfolio	Pair Corr
0.32	ANMCX	New York Municipal	Pair Corr
0.34	CIAGX	Ab Centrated Interna	Pair Corr
0.34	CIGYX	Ab Centrated Interna	Pair Corr
0.33	AAZAX	Ab Arizona Portfolio	Pair Corr

Related Correlations Analysis

	VSGIX	VISGX	VEXPX	VEXRX	JGMIX	JGMAX	JGMCX	JGMNX
VSGIX		1.0	0.97	0.97	0.96	0.96	0.96	0.96	VSGIX
VISGX	1.0		0.97	0.97	0.96	0.96	0.96	0.96	VISGX
VEXPX	0.97	0.97		1.0	0.98	0.98	0.98	0.98	VEXPX
VEXRX	0.97	0.97	1.0		0.98	0.98	0.98	0.98	VEXRX
JGMIX	0.96	0.96	0.98	0.98		1.0	1.0	1.0	JGMIX
JGMAX	0.96	0.96	0.98	0.98	1.0		1.0	1.0	JGMAX
JGMCX	0.96	0.96	0.98	0.98	1.0	1.0		1.0	JGMCX
JGMNX	0.96	0.96	0.98	0.98	1.0	1.0	1.0		JGMNX
	VSGIX	VISGX	VEXPX	VEXRX	JGMIX	JGMAX	JGMCX	JGMNX

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Risk-Adjusted Indicators

There is a big difference between QUAKX Mutual Fund performing well and Ab Small 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 Small'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
VSGIX	0.85	0.06	0.08	0.15	0.88	(0.97)	1.81	(1.49)	5.35
VISGX	0.85	0.06	0.08	0.15	0.87	(0.96)	1.80	(1.50)	5.35
VEXPX	0.75	(0.03)	0.00	0.08	0.89	(0.79)	1.62	(1.54)	5.78
VEXRX	0.75	(0.02)	0.00	0.08	0.87	(0.79)	1.62	(1.54)	5.78
JGMIX	0.69	(0.01)	(0.01)	0.09	0.74	(0.75)	1.64	(1.40)	4.74
JGMAX	0.70	(0.01)	(0.01)	0.09	0.74	(0.75)	1.65	(1.41)	4.69
JGMCX	0.70	(0.02)	(0.01)	0.08	0.75	(0.77)	1.64	(1.40)	4.76
JGMNX	0.69	(0.01)	(0.01)	0.09	0.74	(0.75)	1.65	(1.39)	4.68

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