Ab Income Correlations

ACGZX Fund

USD 6.37 0.03 0.47%

The current 90-days correlation between Ab Income Fund and Artisan Mid Cap is -0.04 (i.e., Good diversification). The correlation of Ab Income 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.

Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving against ACGZX Mutual Fund

0.33	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.31	RYVLX	Nasdaq 100 2x	Pair Corr
0.31	RYVYX	Nasdaq 100 2x	Pair Corr
0.31	UOPIX	Ultra Nasdaq 100	Pair Corr
0.31	RYCCX	Nasdaq 100 2x	Pair Corr
0.31	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.48	WMT	Walmart	Pair Corr

Related Correlations Analysis

	ARTQX	LANIX	FZABX	EICVX	AUERX	PGBAX	ELDFX	LIGFX
ARTQX		0.96	0.53	0.8	0.9	0.71	0.92	0.95	ARTQX
LANIX	0.96		0.59	0.71	0.95	0.58	0.95	0.96	LANIX
FZABX	0.53	0.59		0.78	0.62	0.6	0.79	0.68	FZABX
EICVX	0.8	0.71	0.78		0.69	0.88	0.86	0.82	EICVX
AUERX	0.9	0.95	0.62	0.69		0.52	0.91	0.92	AUERX
PGBAX	0.71	0.58	0.6	0.88	0.52		0.73	0.75	PGBAX
ELDFX	0.92	0.95	0.79	0.86	0.91	0.73		0.98	ELDFX
LIGFX	0.95	0.96	0.68	0.82	0.92	0.75	0.98		LIGFX
	ARTQX	LANIX	FZABX	EICVX	AUERX	PGBAX	ELDFX	LIGFX

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Risk-Adjusted Indicators

There is a big difference between ACGZX Mutual Fund performing well and Ab Income 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 Income'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
ARTQX	1.07	(0.09)	0.00	1.22	0.00	0.00	1.48	(2.23)	11.72
LANIX	1.06	(0.08)	0.00	1.20	0.00	0.00	1.95	(2.42)	10.95
FZABX	1.08	0.12	0.12	2.07	1.73	(1.05)	2.16	(1.93)	9.87
EICVX	0.82	0.02	0.10	(1.57)	1.32	(0.82)	1.43	(1.58)	7.40
AUERX	1.21	(0.08)	0.00	0.87	0.00	0.00	1.75	(2.60)	10.94
PGBAX	0.17	0.00	0.37	(0.17)	0.25	(0.20)	0.34	(0.34)	1.44
ELDFX	0.64	0.00	0.11	(0.26)	0.99	(0.63)	1.14	(1.31)	6.50
LIGFX	0.42	(0.01)	0.00	(0.37)	0.00	0.00	0.71	(1.09)	3.17

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Ab Income Correlations

Moving against ACGZX Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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