Ab Growth Correlations

AGRFX Fund

USD 97.77 1.27 1.32%

The current 90-days correlation between Ab Growth Fund and Ab Global E is 0.91 (i.e., Almost no diversification). The correlation of Ab Growth 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 Growth Correlation With Market

Very poor diversification

The correlation between Ab Growth Fund and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Growth 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 Growth 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 census.

Moving together with AGRFX Mutual Fund

0.67	GCEAX	Ab Global E	Pair Corr
0.68	GCECX	Ab Global E	Pair Corr
0.67	GCEYX	Ab Global E	Pair Corr
0.96	SCAVX	Ab Small Cap	Pair Corr
0.96	SCCVX	Ab Small Cap	Pair Corr
0.98	SCRSX	Small Cap Core	Pair Corr
0.98	SCRYX	Small Cap Core	Pair Corr
0.98	SCRZX	Small Cap Core	Pair Corr
0.96	SCYVX	Ab Small Cap	Pair Corr
1.0	APGZX	Ab Large Cap	Pair Corr
1.0	APGYX	Ab Large Cap	Pair Corr
1.0	APGAX	Ab Large Cap	Pair Corr
1.0	APGCX	Ab Large Cap	Pair Corr

Moving against AGRFX Mutual Fund

0.76	ANBIX	Ab Bond Inflation	Pair Corr
0.46	ANAYX	Ab Global Bond	Pair Corr
0.46	ANAGX	Ab Global Bond	Pair Corr
0.46	ANAIX	Ab Global Bond	Pair Corr
0.45	ANAZX	Ab Global Bond	Pair Corr
0.32	ANACX	Ab Global Bond	Pair Corr
0.53	STHYX	Ab Sustainable Thematic	Pair Corr
0.39	STHAX	Ab Sustainable Thematic	Pair Corr

Related Correlations Analysis

	GCEAX	GCECX	GCEYX	AMNCX	AMNAX	AMTAX	AMTZX	AMTYX	AMTOX	ANAZX
GCEAX		1.0	1.0	0.55	0.4	0.94	0.94	0.94	0.94	0.04	GCEAX
GCECX	1.0		1.0	0.55	0.4	0.94	0.94	0.94	0.94	0.03	GCECX
GCEYX	1.0	1.0		0.55	0.41	0.94	0.94	0.94	0.94	0.05	GCEYX
AMNCX	0.55	0.55	0.55		0.88	0.43	0.43	0.43	0.43	0.46	AMNCX
AMNAX	0.4	0.4	0.41	0.88		0.27	0.28	0.28	0.28	0.5	AMNAX
AMTAX	0.94	0.94	0.94	0.43	0.27		1.0	1.0	1.0	0.08	AMTAX
AMTZX	0.94	0.94	0.94	0.43	0.28	1.0		1.0	1.0	0.09	AMTZX
AMTYX	0.94	0.94	0.94	0.43	0.28	1.0	1.0		1.0	0.09	AMTYX
AMTOX	0.94	0.94	0.94	0.43	0.28	1.0	1.0	1.0		0.08	AMTOX
ANAZX	0.04	0.03	0.05	0.46	0.5	0.08	0.09	0.09	0.08		ANAZX
	GCEAX	GCECX	GCEYX	AMNCX	AMNAX	AMTAX	AMTZX	AMTYX	AMTOX	ANAZX

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Risk-Adjusted Indicators

There is a big difference between AGRFX Mutual Fund performing well and Ab Growth 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 Growth'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	1.00	0.03	0.00	(0.06)	0.00	0.00	1.77	(2.44)	9.70
GCECX	1.00	0.02	0.00	(0.06)	0.00	0.00	1.77	(2.45)	9.71
GCEYX	1.01	0.03	0.00	(0.06)	0.00	0.00	1.77	(2.49)	9.75
AMNCX	0.24	(0.05)	0.00	0.76	0.00	0.00	0.42	(0.63)	1.89
AMNAX	0.23	(0.04)	0.00	0.83	0.00	0.00	0.42	(0.63)	1.89
AMTAX	0.68	0.03	0.00	(0.04)	0.00	0.00	1.10	(1.36)	6.43
AMTZX	0.70	0.03	0.00	(0.03)	0.00	0.00	1.12	(1.38)	6.55
AMTYX	0.69	0.03	0.00	(0.03)	0.00	0.00	1.10	(1.36)	6.68
AMTOX	0.69	0.03	0.00	(0.04)	0.00	0.00	1.13	(1.39)	6.61
ANAZX	0.20	0.00	0.23	(0.10)	0.22	(0.32)	0.44	(0.44)	1.46

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