Ab Global Correlations

GCEAX Fund

USD 17.55 0.05 0.29%

The current 90-days correlation between Ab Global E and Versatile Bond Portfolio is 0.15 (i.e., Average diversification). The correlation of Ab Global 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 Global Correlation With Market

Almost no diversification

The correlation between Ab Global E and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Global E and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ab Global E. 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 nation.

Moving together with GCEAX Mutual Fund

1.0	GCECX	Ab Global E	Pair Corr
1.0	GCEYX	Ab Global E	Pair Corr
0.83	AMTAX	Ab All Market	Pair Corr
0.83	AMTZX	Ab All Market	Pair Corr
0.83	AMTYX	Ab All Market	Pair Corr
0.83	AMTOX	Ab All Market	Pair Corr
0.68	ANIAX	New York Municipal	Pair Corr
0.68	ANIYX	New York Municipal	Pair Corr
0.69	ANMCX	New York Municipal	Pair Corr
0.66	ANYCX	Ab New York	Pair Corr
0.66	STEYX	International Strategic	Pair Corr
0.88	SCAVX	Ab Small Cap	Pair Corr
0.87	SCCVX	Ab Small Cap	Pair Corr
0.85	SCRSX	Small Cap Core	Pair Corr
0.85	SCRYX	Small Cap Core	Pair Corr
0.85	SCRZX	Small Cap Core	Pair Corr
0.88	SCYVX	Ab Small Cap	Pair Corr
0.84	APGZX	Ab Large Cap	Pair Corr
0.84	APGYX	Ab Large Cap	Pair Corr
0.84	APGAX	Ab Large Cap	Pair Corr
0.79	SUTAX	Ab Sustainable Thematic	Pair Corr
0.91	SUTZX	Ab Sustainable Thematic	Pair Corr
0.92	APWIX	Ab Servative Wealth	Pair Corr
0.82	CHCLX	Ab Discovery Growth	Pair Corr
0.82	CHCIX	Ab Discovery Growth	Pair Corr
0.78	CHCCX	Ab Discovery Growth	Pair Corr

Moving against GCEAX Mutual Fund

0.39

ANBIX

Ab Bond Inflation

Pair Corr

Related Correlations Analysis

	PRVBX	SDGIX	BMOPX	ANBIX	ABNTX	DLTNX	ABNCX
PRVBX		0.56	0.79	0.58	0.69	0.73	0.69	PRVBX
SDGIX	0.56		0.69	0.72	0.66	0.66	0.65	SDGIX
BMOPX	0.79	0.69		0.85	0.91	0.98	0.91	BMOPX
ANBIX	0.58	0.72	0.85		0.92	0.89	0.92	ANBIX
ABNTX	0.69	0.66	0.91	0.92		0.93	1.0	ABNTX
DLTNX	0.73	0.66	0.98	0.89	0.93		0.93	DLTNX
ABNCX	0.69	0.65	0.91	0.92	1.0	0.93		ABNCX
	PRVBX	SDGIX	BMOPX	ANBIX	ABNTX	DLTNX	ABNCX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between GCEAX Mutual Fund performing well and Ab Global 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 Global'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
PRVBX	0.10	0.01	0.86	0.39	0.02	(0.11)	0.20	(0.14)	0.62
SDGIX	0.21	0.00	0.36	(0.22)	0.29	(0.21)	0.45	(0.44)	1.37
BMOPX	0.29	0.02	0.33	(17.72)	0.34	(0.30)	0.56	(0.56)	1.88
ANBIX	0.22	0.02	0.35	(2.05)	0.25	(0.25)	0.48	(0.47)	1.81
ABNTX	0.23	0.01	0.33	(0.24)	0.28	(0.25)	0.48	(0.39)	1.93
DLTNX	0.28	0.02	0.37	(1.05)	0.28	(0.31)	0.58	(0.57)	1.69
ABNCX	0.21	0.01	0.36	(0.24)	0.25	(0.23)	0.49	(0.40)	1.76

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