Ab Small Correlations

Mutual Funds . USA . 
Fund . Ab Small Cap
SCYVX Fund  USD 14.44  0.06  0.41%   
The current 90-days correlation between Ab Small Cap and Ab Global E is 0.84 (i.e., Very poor diversification). The correlation of Ab Small 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 Small Correlation With Market

Very poor diversification

The correlation between Ab Small Cap and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Small Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Ab Small Cap. 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 real.

Moving together with SCYVX Mutual Fund

  0.99GCEAX Ab Global EPairCorr
  0.99GCEYX Ab Global EPairCorr
  0.95AMTAX Ab All MarketPairCorr
  0.95AMTZX Ab All MarketPairCorr
  0.95AMTYX Ab All MarketPairCorr
  0.95AMTOX Ab All MarketPairCorr
  0.72ANAZX Ab Global BondPairCorr
  0.67ANAGX Ab Global BondPairCorr
  0.71ANBIX Ab Bond InflationPairCorr
  0.9ANIAX New York MunicipalPairCorr
  0.91ANIYX New York MunicipalPairCorr
  0.89ANMCX New York MunicipalPairCorr
  0.93STEYX International StrategicPairCorr
  0.93STEZX International StrategicPairCorr
  0.76STHAX Ab Sustainable ThematicPairCorr
  0.78STHYX Ab Sustainable ThematicPairCorr
  1.0SCCVX Ab Small CapPairCorr
  0.99SCRSX Small Cap CorePairCorr
  0.99SCRYX Small Cap CorePairCorr
  0.97APGYX Ab Large CapPairCorr
  0.97APGCX Ab Large CapPairCorr
  0.98SUTAX Ab Sustainable ThematicPairCorr
  0.98SUTCX Ab Sustainable ThematicPairCorr
  0.98SUTZX Ab Sustainable ThematicPairCorr
  0.98CHCLX Ab Discovery GrowthPairCorr
  0.98CHCIX Ab Discovery GrowthPairCorr
  0.98CHCCX Ab Discovery GrowthPairCorr
  0.98CHCYX Ab Discovery GrowthPairCorr
  0.96CICGX Ab Centrated InternaPairCorr
  0.86ARIIX Ab Global RealPairCorr
  0.96CIGYX Ab Centrated InternaPairCorr
  0.96ASCLX Ab Select LongshortPairCorr
  0.96ASILX Ab Select LongshortPairCorr
  0.96ASLAX Ab Select LongshortPairCorr
  0.97ABCEX Ab Emerging MarketsPairCorr
  0.92IRCSX International Small CapPairCorr
  0.95ABICX Ab International ValuePairCorr
  0.97ABIEX Ab Emerging MarketsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between SCYVX Mutual Fund performing well and Ab Small 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 Small'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GCECX  0.59  0.10  0.09  0.25  0.51 
(0.65)
 1.63 
(1.33)
 4.77 
GCEYX  0.59  0.10  0.09  0.26  0.43 
(0.65)
 1.58 
(1.29)
 4.74 
AMTAX  0.36  0.10  0.01  0.56  0.00 
(0.44)
 1.19 
(0.71)
 2.17 
AMTZX  0.36  0.10  0.01  0.54  0.00 
(0.43)
 1.21 
(0.72)
 2.21 
AMTYX  0.36  0.10  0.01  0.56  0.00 
(0.45)
 1.09 
(0.71)
 2.25 
AMTOX  0.36  0.10  0.01  0.55  0.00 
(0.43)
 1.19 
(0.68)
 2.18 
ANAZX  0.17  0.01 (0.47) 0.27  0.05 
(0.24)
 0.44 
(0.29)
 0.88 
ANAYX  0.17  0.01 (0.49) 0.32  0.08 
(0.21)
 0.29 
(0.29)
 0.87 
ANAGX  0.16  0.00 (0.52) 0.20  0.08 
(0.20)
 0.29 
(0.29)
 0.73 
ANAIX  0.16  0.01 (0.52) 0.43  0.02 
(0.21)
 0.43 
(0.29)
 0.87 

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