Ab All Correlations

ACEAX Fund

USD 8.12 0.04 0.49%

The current 90-days correlation between Ab All China and Ab Global E is 0.37 (i.e., Weak diversification). The correlation of Ab All 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 All Correlation With Market

Good diversification

The correlation between Ab All China and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab All China 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 Ab All China. 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 ACEAX Mutual Fund

0.61	STEZX	International Strategic	Pair Corr
0.61	STESX	International Strategic	Pair Corr

Moving against ACEAX Mutual Fund

0.39	SCCVX	Ab Small Cap	Pair Corr
0.38	SCAVX	Ab Small Cap	Pair Corr
0.52	CHCLX	Ab Discovery Growth	Pair Corr
0.52	CHCIX	Ab Discovery Growth	Pair Corr
0.52	CHCYX	Ab Discovery Growth	Pair Corr
0.52	CHCZX	Ab Discovery Growth	Pair Corr
0.51	CHCCX	Ab Discovery Growth	Pair Corr
0.4	SCYVX	Ab Small Cap	Pair Corr

Related Correlations Analysis

	GCEAX	GCECX	GCEYX	AMNCX	AMNAX	AMTAX	AMTZX	AMTYX	AMTOX	ANAZX
GCEAX		1.0	1.0	0.64	0.62	0.88	0.88	0.87	0.89	0.58	GCEAX
GCECX	1.0		0.99	0.64	0.63	0.87	0.87	0.87	0.88	0.59	GCECX
GCEYX	1.0	0.99		0.63	0.61	0.89	0.89	0.89	0.9	0.56	GCEYX
AMNCX	0.64	0.64	0.63		1.0	0.59	0.51	0.58	0.52	0.88	AMNCX
AMNAX	0.62	0.63	0.61	1.0		0.58	0.5	0.56	0.51	0.88	AMNAX
AMTAX	0.88	0.87	0.89	0.59	0.58		0.96	1.0	0.96	0.47	AMTAX
AMTZX	0.88	0.87	0.89	0.51	0.5	0.96		0.96	1.0	0.42	AMTZX
AMTYX	0.87	0.87	0.89	0.58	0.56	1.0	0.96		0.96	0.46	AMTYX
AMTOX	0.89	0.88	0.9	0.52	0.51	0.96	1.0	0.96		0.43	AMTOX
ANAZX	0.58	0.59	0.56	0.88	0.88	0.47	0.42	0.46	0.43		ANAZX
	GCEAX	GCECX	GCEYX	AMNCX	AMNAX	AMTAX	AMTZX	AMTYX	AMTOX	ANAZX

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Risk-Adjusted Indicators

There is a big difference between ACEAX Mutual Fund performing well and Ab All 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 All'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
GCEAX	0.56	(0.08)	(0.80)	0.79	(1.24)	4.70
GCECX	0.55	(0.08)	(0.73)	0.82	(1.22)	4.69
GCEYX	0.56	(0.09)	(0.80)	0.79	(1.24)	5.18
AMNCX	0.16	(0.04)	(6.40)	0.31	(0.41)	1.15
AMNAX	0.16	(0.04)	(9.87)	0.31	(0.42)	1.15
AMTAX	0.48	(0.11)	(0.63)	0.95	(1.05)	3.46
AMTZX	0.48	(0.11)	(0.72)	0.97	(1.06)	3.42
AMTYX	0.48	(0.11)	(0.69)	0.85	(1.05)	3.48
AMTOX	0.49	(0.11)	(0.67)	0.98	(1.08)	3.45
ANAZX	0.19	(0.04)	(1.11)	0.29	(0.44)	1.16

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