Aberdeen Global Correlations

AGD Fund

USD 10.07 0.06 0.59%

The current 90-days correlation between Aberdeen Global Dynamic and Aberdeen Global Premier is 0.57 (i.e., Very weak diversification). The correlation of Aberdeen Global 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.

Aberdeen Global Correlation With Market

Weak diversification

The correlation between Aberdeen Global Dynamic and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Global Dynamic 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 Global Dynamic. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Aberdeen Fund

0.7	ERH	Allspring Utilities And	Pair Corr
0.76	PCLRX	Prudential Income Builder	Pair Corr
0.64	VLSMX	Valic Company I	Pair Corr
0.76	GTAIX	Power Global Tactical	Pair Corr
0.63	LMLRX	Qs Defensive Growth	Pair Corr
0.66	AACKX	American Century One	Pair Corr
0.68	NEZNX	Loomis Sayles Strategic	Pair Corr
0.65	VHYAX	Vanguard High Dividend	Pair Corr
0.66	VSVNX	Vanguard Target Reti	Pair Corr

Moving against Aberdeen Fund

0.31

TTP

Tortoise Pipeline And

Pair Corr

Related Correlations Analysis

	BCX	AOD	BDJ	IGR	AWP	GDV	ASGI	AIF	AEF	DMF
BCX		0.75	0.8	0.77	0.72	0.41	0.66	-0.3	0.14	0.38	BCX
AOD	0.75		0.75	0.58	0.57	0.58	0.43	0.04	0.38	0.17	AOD
BDJ	0.8	0.75		0.67	0.7	0.66	0.63	-0.1	-0.07	0.46	BDJ
IGR	0.77	0.58	0.67		0.97	0.33	0.95	-0.62	0.16	0.48	IGR
AWP	0.72	0.57	0.7	0.97		0.4	0.96	-0.58	0.08	0.49	AWP
GDV	0.41	0.58	0.66	0.33	0.4		0.29	0.37	-0.01	0.61	GDV
ASGI	0.66	0.43	0.63	0.95	0.96	0.29		-0.65	-0.01	0.49	ASGI
AIF	-0.3	0.04	-0.1	-0.62	-0.58	0.37	-0.65		-0.05	-0.12	AIF
AEF	0.14	0.38	-0.07	0.16	0.08	-0.01	-0.01	-0.05		-0.08	AEF
DMF	0.38	0.17	0.46	0.48	0.49	0.61	0.49	-0.12	-0.08		DMF
	BCX	AOD	BDJ	IGR	AWP	GDV	ASGI	AIF	AEF	DMF

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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

AWP	+ 0.97	IGR
ASGI	+ 0.96	AWP
ASGI	+ 0.95	IGR
BDJ	+ 0.8	BCX
IGR	+ 0.77	BCX
AOD	+ 0.75	BCX

High negative correlations

AIF	- 0.65	ASGI
AIF	- 0.62	IGR
AIF	- 0.58	AWP
AIF	- 0.3	BCX
DMF	- 0.12	AIF
AIF	- 0.1	BDJ

Risk-Adjusted Indicators

There is a big difference between Aberdeen Fund performing well and Aberdeen Global 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 Global'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
BCX	0.80	(0.08)	0.00	(0.09)	0.00	0.00	1.54	(1.71)	4.80
AOD	0.57	(0.02)	(0.11)	(0.01)	0.68	(0.61)	1.18	(0.95)	2.96
BDJ	0.73	0.01	(0.04)	0.12	0.89	(0.80)	1.49	(1.23)	4.50
IGR	1.23	(0.25)	0.00	(0.19)	0.00	0.00	2.10	(2.70)	9.08
AWP	1.05	(0.17)	0.00	(0.22)	0.00	0.00	1.97	(1.85)	8.31
GDV	0.61	0.02	(0.03)	0.15	0.75	(0.66)	1.20	(1.03)	4.63
ASGI	0.83	(0.16)	0.00	(0.47)	0.00	0.00	1.63	(2.07)	4.39
AIF	0.45	0.14	0.11	1.64	0.27	(0.51)	1.11	(0.83)	2.81
AEF	0.84	(0.03)	(0.07)	(0.02)	1.08	(0.93)	1.56	(2.25)	6.12
DMF	0.68	(0.02)	0.00	0.50	0.00	0.00	1.29	(1.24)	3.52

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