Aberdeen Asset Correlations
| ADNDelisted Stock | USD 0.42 0.01 2.33% |
The current 90-days correlation between Aberdeen Asset Management and Fusion Fuel Green is 0.01 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aberdeen Asset moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aberdeen Asset Management moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Aberdeen Asset Correlation With Market
Pay attention - limited upside
The correlation between Aberdeen Asset Management and DJI is -0.73 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Asset Management and DJI in the same portfolio, assuming nothing else is changed.
Aberdeen |
The ability to find closely correlated positions to Aberdeen Asset could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aberdeen Asset when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Aberdeen Asset - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Aberdeen Asset Management to buy it.
Moving together with Aberdeen Stock
Moving against Aberdeen Stock
| 0.9 | CGEO | Georgia Capital PLC | PairCorr |
| 0.79 | ECO | Eco Oil Gas | PairCorr |
| 0.52 | GMET | Golden Metal Resources | PairCorr |
| 0.43 | CLA | CAP LEASE AVIATION | PairCorr |
Related Correlations Analysis
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Aberdeen Stock performing well and Aberdeen Asset Company 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 Asset'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HTOO | 4.12 | (0.55) | 0.00 | (0.19) | 0.00 | 6.72 | 21.24 | |||
| CREG | 3.59 | (0.10) | 0.00 | (0.10) | 0.00 | 7.41 | 25.57 | |||
| BNRG | 5.19 | (1.80) | 0.00 | (1.09) | 0.00 | 6.86 | 39.05 | |||
| MOTNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RROYF | 2.36 | 0.23 | 0.02 | (0.15) | 3.04 | 5.56 | 37.19 | |||
| ASRE | 9.22 | (0.40) | 0.00 | (8.66) | 0.00 | 21.21 | 62.21 | |||
| AWSL | 9.95 | (0.93) | 0.00 | 0.30 | 0.00 | 28.42 | 82.14 | |||
| SHUNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VXIT | 14.35 | 3.79 | 0.23 | 1.28 | 10.70 | 45.45 | 91.67 |
Aberdeen Asset Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Aberdeen Asset stock to make a market-neutral strategy. Peer analysis of Aberdeen Asset could also be used in its relative valuation, which is a method of valuing Aberdeen Asset by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Aberdeen Asset Corporate Management
Elected by the shareholders, the Aberdeen Asset's board of directors comprises two types of representatives: Aberdeen Asset inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aberdeen. The board's role is to monitor Aberdeen Asset's management team and ensure that shareholders' interests are well served. Aberdeen Asset's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Aberdeen Asset's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ian Kaye | VP Devel | Profile | |
| George Paloumpis | Chief Officer | Profile | |
| Emory Castro | CTO Director | Profile | |
| Nora Gourdoupi | Sr Director | Profile |
Still Interested in Aberdeen Asset Management?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.