Aberdeen Short Correlations

AAHMX Fund

USD 9.24 0.01 0.11%

The current 90-days correlation between Aberdeen Short Duration and Aberdeen Emerging Markets is 0.03 (i.e., Significant diversification). The correlation of Aberdeen Short 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.

Aberdeen Short Correlation With Market

Very good diversification

The correlation between Aberdeen Short Duration and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Short Duration 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 Aberdeen Short Duration. 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 population.

Moving together with Aberdeen Mutual Fund

0.67	ABEIX	Aberdeen Tax Free	Pair Corr
0.69	ATOAX	Alpine Ultra Short	Pair Corr
0.71	ATOBX	Aberdeen Ultra Short	Pair Corr
0.68	ATOIX	Alpine Ultra Short	Pair Corr
0.9	ACHMX	Abrdn Short Duration	Pair Corr
0.76	BJBHX	Aberdeen Global High	Pair Corr
0.78	JHYIX	Aberdeen Global High	Pair Corr
0.68	GOPRX	Aberdeen China Oppty	Pair Corr
0.68	GOPSX	Aberdeen China Oppty	Pair Corr
0.68	GOPAX	Aberdeen China Oppty	Pair Corr

Moving against Aberdeen Mutual Fund

0.32

GWLRX

Aberdeen Gbl Eq

Pair Corr

Related Correlations Analysis

	GEGAX	GEGCX	GEMRX	GWLIX	GWLRX	STK	CGFIX	GXXCX	GXXIX	GGLIX
GEGAX		0.94	0.94	0.47	0.43	0.52	0.03	0.27	0.27	0.27	GEGAX
GEGCX	0.94		1.0	0.37	0.45	0.5	-0.06	0.33	0.33	0.33	GEGCX
GEMRX	0.94	1.0		0.37	0.44	0.51	-0.07	0.34	0.34	0.34	GEMRX
GWLIX	0.47	0.37	0.37		0.9	0.0	0.55	-0.27	-0.28	-0.28	GWLIX
GWLRX	0.43	0.45	0.44	0.9		-0.04	0.49	-0.18	-0.2	-0.2	GWLRX
STK	0.52	0.5	0.51	0.0	-0.04		-0.42	0.78	0.78	0.79	STK
CGFIX	0.03	-0.06	-0.07	0.55	0.49	-0.42		-0.43	-0.44	-0.44	CGFIX
GXXCX	0.27	0.33	0.34	-0.27	-0.18	0.78	-0.43		1.0	1.0	GXXCX
GXXIX	0.27	0.33	0.34	-0.28	-0.2	0.78	-0.44	1.0		1.0	GXXIX
GGLIX	0.27	0.33	0.34	-0.28	-0.2	0.79	-0.44	1.0	1.0		GGLIX
	GEGAX	GEGCX	GEMRX	GWLIX	GWLRX	STK	CGFIX	GXXCX	GXXIX	GGLIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

GEMRX	+ 1.0	GEGCX
GXXIX	+ 1.0	GXXCX
GGLIX	+ 1.0	GXXCX
GGLIX	+ 1.0	GXXIX
GEGCX	+ 0.94	GEGAX
GEMRX	+ 0.94	GEGAX

High negative correlations

GGLIX	- 0.44	CGFIX
GXXIX	- 0.44	CGFIX
GXXCX	- 0.43	CGFIX
CGFIX	- 0.42	STK
GGLIX	- 0.28	GWLIX
GXXIX	- 0.28	GWLIX

Risk-Adjusted Indicators

There is a big difference between Aberdeen Mutual Fund performing well and Aberdeen Short 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 Aberdeen Short'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
GEGAX	0.80	(0.05)	(0.12)	0.01	0.96	(0.86)	1.67	(1.76)	5.28
GEGCX	0.81	(0.01)	0.00	0.20	0.00	0.00	1.69	(1.78)	5.22
GEMRX	0.80	(0.01)	0.00	0.18	0.00	0.00	1.71	(1.72)	5.33
GWLIX	0.62	(0.12)	0.00	(0.10)	0.00	0.00	1.12	(1.37)	3.85
GWLRX	0.64	(0.10)	0.00	(2.56)	0.00	0.00	1.14	(1.49)	3.90
STK	0.72	(0.03)	(0.05)	0.08	0.97	(0.71)	1.61	(1.94)	4.18
CGFIX	0.14	(0.02)	0.00	0.66	0.00	0.00	0.23	(0.34)	0.81
GXXCX	0.58	0.05	(0.09)	10.07	0.73	(0.64)	1.08	(1.37)	3.73
GXXIX	0.59	0.05	(0.08)	2.98	0.72	(0.65)	1.12	(1.29)	3.81
GGLIX	0.58	0.05	(0.09)	2.97	0.72	(0.65)	1.11	(1.29)	3.77

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