Ab Value Correlations

Mutual Funds . USA . 
Fund . Ab Value Fund
ABVCX Fund  USD 19.17  0.08  0.42%   
The current 90-days correlation between Ab Value Fund and Auxier Focus Fund is -0.15 (i.e., Good diversification). The correlation of Ab Value 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 Value Correlation With Market

Good diversification

The correlation between Ab Value Fund and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Value Fund 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 Value Fund. 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 banks.

Moving together with ABVCX Mutual Fund

  0.93AMTOX Ab All MarketPairCorr
  0.82ANAZX Ab Global BondPairCorr
  0.83ANAYX Ab Global BondPairCorr
  0.83ANAGX Ab Global BondPairCorr
  0.8ANAIX Ab Global BondPairCorr
  0.82ANBIX Ab Bond InflationPairCorr
  0.63SCYVX Ab Small CapPairCorr
  0.97ASCLX Ab Select LongshortPairCorr
  0.89ABIMX Ab Impact MunicipalPairCorr
  0.81ABNTX Ab Bond InflationPairCorr
  0.81ABNOX Ab Bond InflationPairCorr
  0.81ABNCX Ab Bond InflationPairCorr
  0.81ABNYX Ab Bond InflationPairCorr
  0.9ABTYX Ab High IncomePairCorr
  0.9ABTHX Ab High IncomePairCorr
  0.99AUIAX Ab Equity IncomePairCorr
  0.94AUNTX Ab Municipal BondPairCorr
  0.94AUNCX Ab Municipal BondPairCorr
  0.95AUUIX Ab Select EquityPairCorr
  0.95AUUYX Ab Select EquityPairCorr
  0.88QUAIX Ab Small CapPairCorr
  0.88QUAZX Ab Small CapPairCorr
  0.91AGDAX Ab High IncomePairCorr
  0.91AGDZX Ab High IncomePairCorr
  0.9AGDYX Ab High IncomePairCorr
  0.92SNNYX New York MunicipalPairCorr
  0.92CABIX Ab Global RiskPairCorr
  0.92CBSYX Ab Global RiskPairCorr
  0.95FWWMX American Funds WashingtonPairCorr
  0.95FWMMX American Funds WashingtonPairCorr
  0.99AWSHX Washington MutualPairCorr
  0.99WSHCX Washington MutualPairCorr
  0.95WSHFX Washington MutualPairCorr
  0.95VVIAX Vanguard Value IndexPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between ABVCX Mutual Fund performing well and Ab Value 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 Value'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.

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