Ab Concentrated Correlations

CIGYX Fund

USD 10.53 0.06 0.57%

The current 90-days correlation between Ab Centrated Interna and Ab Global E is 0.86 (i.e., Very poor diversification). The correlation of Ab Concentrated 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 Concentrated Correlation With Market

Very weak diversification

The correlation between Ab Centrated International and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Centrated International 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 Centrated International. 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 CIGYX Mutual Fund

0.63	ANAZX	Ab Global Bond	Pair Corr
0.61	ANAYX	Ab Global Bond	Pair Corr
0.62	ANAGX	Ab Global Bond	Pair Corr
0.64	ANAIX	Ab Global Bond	Pair Corr
0.7	ANBIX	Ab Bond Inflation	Pair Corr
0.68	STHAX	Ab Sustainable Thematic	Pair Corr
0.68	STHYX	Ab Sustainable Thematic	Pair Corr
0.7	ARECX	Ab Global Real	Pair Corr
0.66	ARIIX	Ab Global Real	Pair Corr
0.64	ARSYX	Ab Global Real	Pair Corr
0.91	ABICX	Ab International Value	Pair Corr

Moving against CIGYX Mutual Fund

0.49	SCAVX	Ab Small Cap	Pair Corr
0.48	SCCVX	Ab Small Cap	Pair Corr
0.49	SCYVX	Ab Small Cap	Pair Corr
0.43	APGAX	Ab Large Cap	Pair Corr
0.43	ASLAX	Ab Select Longshort	Pair Corr
0.42	ASCLX	Ab Select Longshort	Pair Corr
0.41	SCRSX	Small Cap Core	Pair Corr
0.41	SCRYX	Small Cap Core	Pair Corr
0.41	SCRZX	Small Cap Core	Pair Corr
0.38	CHCYX	Ab Discovery Growth	Pair Corr
0.37	APGZX	Ab Large Cap	Pair Corr
0.37	APGYX	Ab Large Cap	Pair Corr
0.37	CHCLX	Ab Discovery Growth	Pair Corr
0.53	ABVCX	Ab Value Fund	Pair Corr
0.5	ABVIX	Ab Value Fund	Pair Corr

Related Correlations Analysis

	GCEYX	WPSGX	CHCYX	SCYVX	ABYSX
GCEYX		0.54	0.63	0.29	0.53	GCEYX
WPSGX	0.54		0.82	0.69	0.72	WPSGX
CHCYX	0.63	0.82		0.79	0.94	CHCYX
SCYVX	0.29	0.69	0.79		0.88	SCYVX
ABYSX	0.53	0.72	0.94	0.88		ABYSX
	GCEYX	WPSGX	CHCYX	SCYVX	ABYSX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between CIGYX Mutual Fund performing well and Ab Concentrated 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 Concentrated'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
GCEYX	0.58	(0.07)	(0.14)	0.00	0.72	(0.61)	1.14	(1.24)	3.44
WPSGX	0.58	0.06	(0.05)	(0.93)	0.72	(0.61)	1.27	(1.15)	4.07
CHCYX	0.84	0.03	0.05	0.12	0.91	(0.93)	1.98	(1.71)	5.74
SCYVX	0.92	0.11	0.01	13.81	0.96	(1.06)	2.22	(1.46)	7.36
ABYSX	0.81	(0.02)	0.01	0.08	0.83	(0.98)	1.94	(1.80)	5.95

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