Abbey Capital Correlations

ABYIX Fund

USD 11.07 0.02 0.18%

The current 90-days correlation between Abbey Capital Futures and Abbey Capital Futures is 1.0 (i.e., No risk reduction). The correlation of Abbey Capital 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.

Abbey Capital Correlation With Market

Very weak diversification

The correlation between Abbey Capital Futures and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Abbey Capital Futures and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Abbey Capital Futures. 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 gross domestic product.

Moving together with Abbey Mutual Fund

1.0	ABYAX	Abbey Capital Futures	Pair Corr
1.0	ABYCX	Abbey Capital Futures	Pair Corr
0.95	PQTAX	Pimco Trends Managed	Pair Corr
0.95	PQTNX	Pimco Trends Managed	Pair Corr
0.78	AHLPX	American Beacon Ahl	Pair Corr
0.94	AMFNX	Asg Managed Futures	Pair Corr
0.93	AMFAX	Asg Managed Futures	Pair Corr
0.94	ASFYX	Asg Managed Futures	Pair Corr

Moving against Abbey Mutual Fund

0.61	RYMEX	Commodities Strategy	Pair Corr
0.61	RYMBX	Commodities Strategy	Pair Corr
0.6	RYMJX	Commodities Strategy	Pair Corr
0.58	PFN	Pimco Income Strategy	Pair Corr
0.53	FIKHX	Fidelity Advisor Tec	Pair Corr
0.5	CSQ	Calamos Strategic Total	Pair Corr
0.47	SPGSX	State Street Premier	Pair Corr
0.44	ARIDX	Amg River Road	Pair Corr
0.43	WCPSX	Mobile Telecommunicatio	Pair Corr
0.42	VFTAX	Vanguard Ftse Social	Pair Corr
0.41	VTWAX	Vanguard Total World	Pair Corr
0.39	AMECX	Income Fund	Pair Corr
0.36	VSEQX	Vanguard Strategic Equity	Pair Corr
0.32	WWLAX	Westwood Largecap Value	Pair Corr
0.31	FCWRX	Templeton China World	Pair Corr
0.58	FHCOX	Federated Hermes Con	Pair Corr
0.48	FIKAX	Fidelity Advisor Energy	Pair Corr
0.45	PCF	Putnam High Income	Pair Corr
0.44	VFINX	Vanguard 500 Index	Pair Corr

Related Correlations Analysis

	ABYAX	MAFAX	MAFCX	MAFIX
ABYAX		0.33	0.36	0.32	ABYAX
MAFAX	0.33		1.0	1.0	MAFAX
MAFCX	0.36	1.0		1.0	MAFCX
MAFIX	0.32	1.0	1.0		MAFIX
	ABYAX	MAFAX	MAFCX	MAFIX

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Risk-Adjusted Indicators

There is a big difference between Abbey Mutual Fund performing well and Abbey Capital 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 Abbey Capital'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
ABYAX	0.39	(0.07)	0.00	(0.11)	0.00	0.00	0.65	(0.82)	2.15
MAFAX	0.59	(0.06)	(0.11)	0.04	0.78	(0.57)	1.01	(1.18)	3.62
MAFCX	0.59	(0.07)	(0.12)	0.04	0.79	(0.57)	1.10	(1.20)	3.62
MAFIX	0.59	(0.06)	(0.11)	0.04	0.77	(0.57)	1.09	(1.17)	3.69

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