Ab Bond Correlations

ABNTX Fund

USD 10.12 0.02 0.20%

The current 90-days correlation between Ab Bond Inflation and Ab Global E is 0.12 (i.e., Average 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

Average diversification

The correlation between Ab Bond Inflation and DJI is 0.11 (i.e., Average 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 estimate.

Moving together with ABNTX Mutual Fund

0.82	AMNCX	Ab Minnesota Portfolio	Pair Corr
0.8	ANAGX	Ab Global Bond	Pair Corr
1.0	ANBIX	Ab Bond Inflation	Pair Corr
0.93	ARECX	Ab Global Real	Pair Corr
0.65	CIAGX	Ab Centrated Interna	Pair Corr
0.8	ABIMX	Ab Impact Municipal	Pair Corr
0.99	ABNCX	Ab Bond Inflation	Pair Corr
0.76	ABQZX	Ab Intermediate Bond	Pair Corr
0.93	AEEIX	Ab Global Real	Pair Corr
0.66	AWPIX	Ab International Growth	Pair Corr
0.79	CABIX	Ab Global Risk	Pair Corr
0.85	CBSYX	Ab Global Risk	Pair Corr
0.78	VTAPX	Vanguard Short Term	Pair Corr
0.79	VTSPX	Vanguard Short Term	Pair Corr
0.93	TRLDX	T Rowe Price	Pair Corr
0.87	TRBFX	T Rowe Price	Pair Corr
0.87	TRPZX	T Rowe Price	Pair Corr
0.79	FSTZX	Fidelity Series 0	Pair Corr
0.95	TIIWX	Tiaa Cref Inflation	Pair Corr
0.97	TIIHX	Tiaa Cref Inflation	Pair Corr
0.96	TIKRX	Tiaa Cref Inflation	Pair Corr
0.97	TIKPX	Tiaa Cref Inflation	Pair Corr
0.71	XDSMX	Dreyfus Strategic	Pair Corr
0.86	NXJ	Nuveen New Jersey	Pair Corr
0.64	XNXJX	Nuveen New Jersey	Pair Corr

Moving against ABNTX Mutual Fund

0.62	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.43	BAC	Bank of America Sell-off Trend	Pair Corr

Related Correlations Analysis

	GCEAX	GCECX	GCEYX	AMNCX	AMNAX	AMTAX	AMTZX	AMTYX	AMTOX	ANAZX
GCEAX		1.0	1.0	0.15	0.21	0.86	0.92	0.86	0.92	0.0	GCEAX
GCECX	1.0		1.0	0.17	0.23	0.85	0.92	0.85	0.92	0.02	GCECX
GCEYX	1.0	1.0		0.14	0.21	0.86	0.93	0.86	0.92	0.0	GCEYX
AMNCX	0.15	0.17	0.14		0.99	0.2	0.25	0.19	0.26	0.94	AMNCX
AMNAX	0.21	0.23	0.21	0.99		0.28	0.33	0.28	0.34	0.91	AMNAX
AMTAX	0.86	0.85	0.86	0.2	0.28		0.93	1.0	0.93	0.06	AMTAX
AMTZX	0.92	0.92	0.93	0.25	0.33	0.93		0.93	1.0	0.11	AMTZX
AMTYX	0.86	0.85	0.86	0.19	0.28	1.0	0.93		0.93	0.05	AMTYX
AMTOX	0.92	0.92	0.92	0.26	0.34	0.93	1.0	0.93		0.12	AMTOX
ANAZX	0.0	0.02	0.0	0.94	0.91	0.06	0.11	0.05	0.12		ANAZX
	GCEAX	GCECX	GCEYX	AMNCX	AMNAX	AMTAX	AMTZX	AMTYX	AMTOX	ANAZX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

GCECX	+ 1.0	GCEAX
GCEYX	+ 1.0	GCEAX
GCEYX	+ 1.0	GCECX
AMTYX	+ 1.0	AMTAX
AMTOX	+ 1.0	AMTZX
AMNAX	+ 0.99	AMNCX

High negative correlations

ANAZX	- 0.0	GCEYX
ANAZX	- 0.0	GCEAX

Risk-Adjusted Indicators

There is a big difference between ABNTX 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	0.60	(0.06)	(0.11)	0.01	0.73	(0.62)	1.15	(1.24)	3.45
GCECX	0.60	(0.06)	(0.12)	0.00	0.72	(0.63)	1.18	(1.22)	3.44
GCEYX	0.60	(0.06)	(0.11)	0.01	0.73	(0.61)	1.14	(1.24)	3.44
AMNCX	0.12	(0.01)	(0.34)	(0.15)	0.19	(0.17)	0.31	(0.31)	1.15
AMNAX	0.13	(0.01)	(0.33)	(0.10)	0.19	(0.17)	0.31	(0.31)	1.15
AMTAX	0.49	0.02	(0.11)	(3.02)	0.57	(0.56)	0.98	(1.05)	3.45
AMTZX	0.50	0.00	(0.08)	0.10	0.57	(0.57)	1.09	(1.06)	3.51
AMTYX	0.49	0.03	(0.10)	(2.00)	0.57	(0.55)	0.98	(1.05)	3.57
AMTOX	0.51	0.00	(0.08)	0.10	0.54	(0.63)	1.10	(1.08)	3.43
ANAZX	0.18	(0.02)	0.00	(1.18)	0.00	0.00	0.29	(0.29)	1.01

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