Aberdeen Global Correlations

AGD Fund

USD 10.09 0.06 0.60%

The current 90-days correlation between Aberdeen Global Dynamic and MFS Investment Grade is -0.01 (i.e., Good 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

Very weak diversification

The correlation between Aberdeen Global Dynamic and DJI is 0.55 (i.e., Very 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

0.79	TDF	Templeton Dragon Closed	Pair Corr
0.64	PEO	Adams Natural Resources	Pair Corr
0.74	STFGX	State Farm Growth	Pair Corr
0.74	TWN	Taiwan Closed	Pair Corr
0.65	RQECX	Resq Dynamic Allocation	Pair Corr
0.64	VTSMX	Vanguard Total Stock	Pair Corr
0.67	FBALX	Fidelity Balanced	Pair Corr
0.87	RIV	Rivernorth Opportunities	Pair Corr
0.65	VFIAX	Vanguard 500 Index	Pair Corr
0.71	FEMDX	Franklin Emerging Market	Pair Corr
0.65	VFINX	Vanguard 500 Index	Pair Corr
0.78	LLPFX	Longleaf Partners	Pair Corr

Moving against Aberdeen Fund

0.77

VVR

Invesco Senior Income

Pair Corr

Related Correlations Analysis

	CXH	EOT	MQT	DTF	CXE
CXH		0.67	0.69	0.48	0.73	CXH
EOT	0.67		0.73	0.25	0.74	EOT
MQT	0.69	0.73		0.16	0.89	MQT
DTF	0.48	0.25	0.16		0.11	DTF
CXE	0.73	0.74	0.89	0.11		CXE
	CXH	EOT	MQT	DTF	CXE

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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
CXH	0.31	0.02	(0.15)	0.39	0.38	(0.35)	0.62	(0.62)	2.10
EOT	0.35	0.02	(0.18)	(1.09)	0.38	(0.41)	0.75	(0.86)	2.08
MQT	0.43	(0.04)	0.00	(0.10)	0.00	0.00	0.87	(0.92)	2.73
DTF	0.23	0.01	(0.29)	(0.27)	0.24	(0.28)	0.54	(0.36)	1.96
CXE	0.50	(0.02)	(0.15)	0.00	0.57	(0.63)	1.33	(1.04)	3.34

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