Ab Bond Correlations

ABNYX Fund

USD 10.41 0.03 0.29%

The current 90-days correlation between Ab Bond Inflation and Vanguard Short Term Inflation Protected is 0.03 (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

Modest diversification

The correlation between Ab Bond Inflation and DJI is 0.2 (i.e., Modest 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 manufacturing.

Moving together with ABNYX Mutual Fund

0.77	AMNCX	Ab Minnesota Portfolio	Pair Corr
0.86	AMNAX	Ab Minnesota Portfolio	Pair Corr
0.64	AMTAX	Ab All Market	Pair Corr
0.67	AMTZX	Ab All Market	Pair Corr
0.64	AMTYX	Ab All Market	Pair Corr
0.68	AMTOX	Ab All Market	Pair Corr
0.7	ANAZX	Ab Global Bond	Pair Corr
0.7	ANAYX	Ab Global Bond	Pair Corr
0.7	ANAGX	Ab Global Bond	Pair Corr
0.75	ANAIX	Ab Global Bond	Pair Corr
0.62	ANACX	Ab Global Bond	Pair Corr
0.95	ANBIX	Ab Bond Inflation	Pair Corr
0.87	ANIAX	New York Municipal	Pair Corr
0.75	ANJAX	Ab New Jersey	Pair Corr
0.72	ANJCX	Ab New Jersey	Pair Corr
0.87	ANIYX	New York Municipal	Pair Corr
0.83	ANMCX	New York Municipal	Pair Corr
0.77	ANYCX	Ab New York	Pair Corr
0.7	STHAX	Ab Sustainable Thematic	Pair Corr
0.73	STHYX	Ab Sustainable Thematic	Pair Corr
0.8	AOHAX	Ab Ohio Portfolio	Pair Corr
0.78	AOHCX	Ab Ohio Portfolio	Pair Corr
0.87	APAAX	Ab Pennsylvania Portfolio	Pair Corr
0.89	APACX	Ab Pennsylvania Portfolio	Pair Corr

Related Correlations Analysis

	VTAPX	TIIHX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP
VTAPX		0.73	-0.36	0.0	-0.52	0.78	0.9	0.71	0.0	0.4	VTAPX
TIIHX	0.73		0.22	0.0	-0.3	0.31	0.5	0.75	0.0	0.12	TIIHX
444859BR2	-0.36	0.22		0.0	0.31	-0.56	-0.46	0.0	0.0	-0.24	444859BR2
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	-1.0	0.0	AQUI
BRRAY	-0.52	-0.3	0.31	0.0		-0.51	-0.46	-0.48	0.0	-0.12	BRRAY
MSTSX	0.78	0.31	-0.56	0.0	-0.51		0.84	0.48	0.0	0.41	MSTSX
LBHIX	0.9	0.5	-0.46	0.0	-0.46	0.84		0.62	0.0	0.54	LBHIX
ABHYX	0.71	0.75	0.0	0.0	-0.48	0.48	0.62		0.0	0.03	ABHYX
SCAXF	0.0	0.0	0.0	-1.0	0.0	0.0	0.0	0.0		0.0	SCAXF
VIASP	0.4	0.12	-0.24	0.0	-0.12	0.41	0.54	0.03	0.0		VIASP
	VTAPX	TIIHX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

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

LBHIX	+ 0.9	VTAPX
LBHIX	+ 0.84	MSTSX
MSTSX	+ 0.78	VTAPX
ABHYX	+ 0.75	TIIHX
TIIHX	+ 0.73	VTAPX
ABHYX	+ 0.71	VTAPX

High negative correlations

SCAXF	- 1.0	AQUI
MSTSX	- 0.56	444859BR2
BRRAY	- 0.52	VTAPX
MSTSX	- 0.51	BRRAY
ABHYX	- 0.48	BRRAY
LBHIX	- 0.46	BRRAY

Risk-Adjusted Indicators

There is a big difference between ABNYX 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
VTAPX	0.09	0.00	(1.19)	0.09	0.00	(0.12)	0.20	(0.16)	0.65
TIIHX	0.15	(0.02)	0.00	(0.67)	0.00	0.00	0.28	(0.28)	1.03
444859BR2	1.22	(0.10)	0.00	(0.10)	0.00	0.00	5.93	(2.90)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.18)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.53	(0.02)	(0.10)	0.13	0.47	(0.65)	1.21	(1.02)	2.79
LBHIX	0.12	0.03	(0.50)	0.81	0.00	(0.28)	0.24	(0.24)	0.96
ABHYX	0.17	(0.01)	(0.32)	0.01	0.27	(0.23)	0.34	(0.34)	1.91
SCAXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VIASP	0.79	0.15	0.00	2.33	1.01	(0.90)	2.09	(1.15)	7.18

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