Ab Bond Correlations

ABNCX Fund

USD 10.14 0.06 0.59%

The current 90-days correlation between Ab Bond Inflation and Ab Global E is 0.01 (i.e., Significant diversification). The correlation of Ab Bond 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 Bond Correlation With Market

Significant diversification

The correlation between Ab Bond Inflation and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Bond Inflation 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 Bond Inflation. 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 main economic indicators.

Moving together with ABNCX Mutual Fund

0.73	GCEAX	Ab Global E	Pair Corr
0.72	GCECX	Ab Global E	Pair Corr
0.68	GCEYX	Ab Global E	Pair Corr
0.9	AMNCX	Ab Minnesota Portfolio	Pair Corr
0.9	AMNAX	Ab Minnesota Portfolio	Pair Corr
0.65	AMTAX	Ab All Market	Pair Corr
0.72	AMTZX	Ab All Market	Pair Corr
0.72	AMTYX	Ab All Market	Pair Corr
0.72	AMTOX	Ab All Market	Pair Corr
0.95	ANAZX	Ab Global Bond	Pair Corr
0.95	ANAYX	Ab Global Bond	Pair Corr
0.95	ANAGX	Ab Global Bond	Pair Corr
0.95	ANAIX	Ab Global Bond	Pair Corr
0.95	ANACX	Ab Global Bond	Pair Corr
0.99	ANBIX	Ab Bond Inflation	Pair Corr
0.96	ANIAX	New York Municipal	Pair Corr
0.96	ANIYX	New York Municipal	Pair Corr
0.96	ANMCX	New York Municipal	Pair Corr
0.93	ANYCX	Ab New York	Pair Corr
0.97	STHYX	Ab Sustainable Thematic	Pair Corr
0.96	APAAX	Ab Pennsylvania Portfolio	Pair Corr
0.74	SUTAX	Ab Sustainable Thematic	Pair Corr
0.69	CHCYX	Ab Discovery Growth	Pair Corr
0.96	ARECX	Ab Global Real	Pair Corr
0.96	AREAX	Ab Global Real	Pair Corr
0.96	ARIIX	Ab Global Real	Pair Corr
0.96	ARRRX	Ab Global Real	Pair Corr
0.61	ASILX	Ab Select Longshort	Pair Corr

Related Correlations Analysis

	GCEAX	GCECX	GCEYX	AMNCX	AMNAX	AMTAX	AMTZX	AMTYX	AMTOX	ANAZX
GCEAX		1.0	0.9	0.59	0.59	0.88	0.96	0.96	0.96	0.58	GCEAX
GCECX	1.0		0.9	0.58	0.58	0.88	0.96	0.96	0.96	0.57	GCECX
GCEYX	0.9	0.9		0.61	0.61	0.96	0.88	0.88	0.88	0.52	GCEYX
AMNCX	0.59	0.58	0.61		1.0	0.58	0.56	0.56	0.56	0.91	AMNCX
AMNAX	0.59	0.58	0.61	1.0		0.58	0.56	0.56	0.56	0.91	AMNAX
AMTAX	0.88	0.88	0.96	0.58	0.58		0.92	0.92	0.92	0.45	AMTAX
AMTZX	0.96	0.96	0.88	0.56	0.56	0.92		1.0	1.0	0.52	AMTZX
AMTYX	0.96	0.96	0.88	0.56	0.56	0.92	1.0		1.0	0.51	AMTYX
AMTOX	0.96	0.96	0.88	0.56	0.56	0.92	1.0	1.0		0.51	AMTOX
ANAZX	0.58	0.57	0.52	0.91	0.91	0.45	0.52	0.51	0.51		ANAZX
	GCEAX	GCECX	GCEYX	AMNCX	AMNAX	AMTAX	AMTZX	AMTYX	AMTOX	ANAZX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

There is a big difference between ABNCX Mutual Fund performing well and Ab Bond 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 Bond'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
GCEAX	0.72	(0.02)	(0.02)	0.09	0.82	(0.75)	1.65	(1.46)	4.02
GCECX	0.72	(0.02)	(0.02)	0.09	0.83	(0.77)	1.64	(1.50)	4.14
GCEYX	0.72	0.09	(0.02)	(1.05)	0.83	(0.76)	1.64	(1.51)	4.01
AMNCX	0.12	0.03	(0.31)	(2.67)	0.00	(0.18)	0.31	(0.21)	1.35
AMNAX	0.13	0.03	(0.30)	(5.71)	0.00	(0.19)	0.32	(0.21)	1.35
AMTAX	0.56	0.08	(0.02)	3.07	0.67	(0.62)	0.99	(1.30)	3.45
AMTZX	0.56	0.01	(0.02)	0.11	0.73	(0.57)	1.01	(1.23)	3.51
AMTYX	0.57	0.00	(0.03)	0.11	0.72	(0.60)	1.11	(1.33)	3.57
AMTOX	0.56	0.00	(0.03)	0.11	0.67	(0.62)	1.02	(1.34)	3.43
ANAZX	0.17	0.04	(0.25)	(3.49)	0.00	(0.24)	0.30	(0.29)	1.01

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

Ab Bond Correlations

Ab Bond Correlation With Market

Significant diversification

Moving together with ABNCX Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY