Ab Sustainable Correlations

Mutual Funds . USA . 
Fund . Ab Sustainable Thematic
SUTCX Fund  USD 13.72  0.75  5.18%   
The current 90-days correlation between Ab Sustainable Thematic and Ab Global E is -0.08 (i.e., Good diversification). The correlation of Ab Sustainable 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 Sustainable Correlation With Market

Good diversification

The correlation between Ab Sustainable Thematic and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Sustainable Thematic 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 Sustainable Thematic. 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 main economic indicators.

Moving together with SUTCX Mutual Fund

  0.85SCAVX Ab Small CapPairCorr
  0.98SCCVX Ab Small CapPairCorr
  0.98SCRSX Small Cap CorePairCorr
  0.73SCRYX Small Cap CorePairCorr
  0.98SCRZX Small Cap CorePairCorr
  0.98SCYVX Ab Small CapPairCorr
  0.93APGZX Ab Large CapPairCorr
  0.75APGYX Ab Large CapPairCorr
  0.75APGAX Ab Large CapPairCorr
  0.94APGCX Ab Large CapPairCorr

Moving against SUTCX Mutual Fund

  0.82ANBIX Ab Bond InflationPairCorr
  0.56ANAZX Ab Global BondPairCorr
  0.56ANAGX Ab Global BondPairCorr
  0.55ANAYX Ab Global BondPairCorr
  0.55ANAIX Ab Global BondPairCorr
  0.51ANACX Ab Global BondPairCorr
  0.7STHAX Ab Sustainable ThematicPairCorr
  0.62STEYX International StrategicPairCorr
  0.59STHYX Ab Sustainable ThematicPairCorr
  0.57STEZX International StrategicPairCorr
  0.57STESX International StrategicPairCorr
  0.48APAAX Ab Pennsylvania PortfolioPairCorr
  0.4APACX Ab Pennsylvania PortfolioPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between SUTCX Mutual Fund performing well and Ab Sustainable 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 Sustainable'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
GCEAX  0.75  0.04  0.00 (0.05) 0.00 
 0.00 
 1.50 
(1.44)
 4.21 
GCECX  0.74 (0.04) 0.00  11.74  0.00 
 0.00 
 1.48 
(1.46)
 5.26 
GCEYX  0.76  0.06  0.00 (0.02) 0.00 
 0.00 
 1.50 
(1.44)
 4.27 
AMNCX  0.18 (0.01) 0.33 (0.50) 0.21 
(0.23)
 0.42 
(0.32)
 1.06 
AMNAX  0.17 (0.01) 0.00 (0.82) 0.00 
 0.00 
 0.32 
(0.32)
 1.05 
AMTAX  0.43  0.05  0.26 (0.63) 0.45 
(0.49)
 0.86 
(0.96)
 2.45 
AMTZX  0.44  0.09  0.27  0.18  0.45 
(0.52)
 0.98 
(0.87)
 2.50 
AMTYX  0.43  0.06  0.28 (0.68) 0.44 
(0.50)
 0.86 
(0.97)
 2.47 
AMTOX  0.46  0.07  0.14  0.04  0.69 
(0.51)
 0.88 
(1.10)
 2.52 
ANAZX  0.19  0.02  0.39 (2.01) 0.08 
(0.31)
 0.44 
(0.29)
 1.32 

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