Abrdn Short Correlations
| ACHMX Fund | USD 9.26 0.01 0.11% |
The current 90-days correlation between Abrdn Short Duration and Siit High Yield is -0.01 (i.e., Good diversification). The correlation of Abrdn 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.
Abrdn Short Correlation With Market
Significant diversification
The correlation between Abrdn Short Duration and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Abrdn Short Duration and DJI in the same portfolio, assuming nothing else is changed.
Abrdn |
Moving together with Abrdn Mutual Fund
| 0.98 | AAHMX | Aberdeen Short Duration | PairCorr |
| 0.75 | ABESX | Aberdeen Tax Free | PairCorr |
| 0.61 | ABEIX | Aberdeen Tax Free | PairCorr |
| 0.64 | BJBHX | Aberdeen Global High | PairCorr |
| 0.66 | JHYIX | Aberdeen Global High | PairCorr |
Related Correlations Analysis
| 0.76 | 0.91 | 0.29 | 0.76 | 0.9 | SGYAX | ||
| 0.76 | 0.75 | 0.7 | 0.62 | 0.74 | AGTFX | ||
| 0.91 | 0.75 | 0.31 | 0.93 | 0.99 | WAHSX | ||
| 0.29 | 0.7 | 0.31 | 0.33 | 0.35 | NEAIX | ||
| 0.76 | 0.62 | 0.93 | 0.33 | 0.94 | CYBAX | ||
| 0.9 | 0.74 | 0.99 | 0.35 | 0.94 | AGDAX | ||
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Risk-Adjusted Indicators
There is a big difference between Abrdn Mutual Fund performing well and Abrdn 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 Abrdn 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SGYAX | 0.14 | 0.02 | (0.51) | 0.40 | 0.00 | 0.28 | 1.28 | |||
| AGTFX | 0.51 | (0.04) | (0.10) | 0.07 | 0.61 | 1.15 | 3.06 | |||
| WAHSX | 0.13 | 0.02 | (0.53) | (1.93) | 0.00 | 0.43 | 0.86 | |||
| NEAIX | 1.07 | 0.02 | (0.05) | 0.19 | 1.31 | 2.19 | 6.71 | |||
| CYBAX | 0.10 | 0.01 | (0.87) | (2.35) | 0.00 | 0.24 | 0.73 | |||
| AGDAX | 0.12 | 0.03 | (0.45) | (1.91) | 0.00 | 0.29 | 0.87 |