Alliancebernstein Correlations

XAFBX Fund

USD 12.45 0.02 0.16%

The current 90-days correlation between Alliancebernstein and Blackrock All Cap Energy is 0.07 (i.e., Significant diversification). The correlation of Alliancebernstein 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.

Alliancebernstein Correlation With Market

Significant diversification

The correlation between Alliancebernstein National Mun and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alliancebernstein National Mun and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Alliancebernstein National Municipalome. 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 bureau of labor statistics.

Moving together with Alliancebernstein Mutual Fund

0.65	VGTSX	Vanguard Total Inter	Pair Corr
0.66	XNXJX	Nuveen New Jersey	Pair Corr
0.62	NXJ	Nuveen New Jersey	Pair Corr
0.66	XNBHX	Neuberger Berman Int	Pair Corr

Moving against Alliancebernstein Mutual Fund

0.41	RPIEX	T Rowe Price	Pair Corr
0.42	JSOSX	Jpmorgan Strategic Income	Pair Corr
0.4	BXSL	Blackstone Secured	Pair Corr
0.39	CREMX	Redwood Real Estate	Pair Corr

Related Correlations Analysis

	BACIX	TMCLX	FIKAX	PNRCX	GRHAX	PEO	AIWEX	SMAPX
BACIX		0.19	0.91	0.92	0.86	0.97	0.46	0.22	BACIX
TMCLX	0.19		0.28	0.04	0.06	0.21	0.93	0.96	TMCLX
FIKAX	0.91	0.28		0.85	0.77	0.91	0.5	0.37	FIKAX
PNRCX	0.92	0.04	0.85		0.93	0.91	0.35	0.09	PNRCX
GRHAX	0.86	0.06	0.77	0.93		0.89	0.35	0.11	GRHAX
PEO	0.97	0.21	0.91	0.91	0.89		0.48	0.26	PEO
AIWEX	0.46	0.93	0.5	0.35	0.35	0.48		0.92	AIWEX
SMAPX	0.22	0.96	0.37	0.09	0.11	0.26	0.92		SMAPX
	BACIX	TMCLX	FIKAX	PNRCX	GRHAX	PEO	AIWEX	SMAPX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Alliancebernstein Mutual Fund performing well and Alliancebernstein 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 Alliancebernstein'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
BACIX	0.73	(0.08)	0.00	(0.41)	0.00	0.00	1.21	(1.91)	3.86
TMCLX	0.82	0.13	0.11	0.54	0.93	(0.92)	1.81	(1.92)	5.58
FIKAX	0.83	(0.07)	0.00	(0.15)	0.00	0.00	1.39	(2.07)	6.03
PNRCX	0.85	(0.08)	0.00	(0.30)	0.00	0.00	1.53	(1.85)	5.63
GRHAX	1.08	(0.10)	0.00	(0.35)	0.00	0.00	2.36	(2.02)	8.49
PEO	0.67	(0.07)	0.00	(0.56)	0.00	0.00	1.34	(1.72)	4.73
AIWEX	0.86	0.07	0.06	0.25	0.96	(1.01)	1.97	(1.67)	7.37
SMAPX	0.80	0.10	0.08	0.29	0.96	(0.87)	1.84	(1.83)	5.52

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC