Abrdn Property Correlations

API Stock

2.25 0.33 17.19%

The current 90-days correlation between abrdn Property Income and Derwent London PLC is -0.15 (i.e., Good diversification). The correlation of Abrdn Property 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.

Abrdn Property Correlation With Market

Average diversification

The correlation between abrdn Property Income and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding abrdn Property Income and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Abrdn Property could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Abrdn Property 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 Abrdn Property - 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 abrdn Property Income to buy it.

Moving together with Abrdn Stock

0.62

DLN

Derwent London PLC

Pair Corr

Moving against Abrdn Stock

0.88	SSE	SSE PLC	Pair Corr
0.88	0UKI	Bank of Nova	Pair Corr
0.87	BRLA	BlackRock Latin American	Pair Corr
0.85	0RIH	Alphabet Class A	Pair Corr
0.81	STAN	Standard Chartered PLC	Pair Corr
0.81	IDHC	Integrated Diagnostics	Pair Corr
0.79	0R2V	Apple Inc	Pair Corr
0.75	SBID	State Bank	Pair Corr
0.68	0J71	JB Hunt Transport	Pair Corr
0.66	BAKK	Bakkavor Group PLC	Pair Corr
0.65	HMSO	Hammerson PLC	Pair Corr
0.61	PHP	Primary Health Properties	Pair Corr
0.56	AVCT	Avacta Group PLC	Pair Corr
0.48	0R15	SoftBank Group Corp	Pair Corr
0.45	0Y5F	Endo International PLC	Pair Corr
0.41	TEM	Templeton Emerging	Pair Corr
0.34	SUPR	Supermarket Income REIT	Pair Corr
0.34	TYT	Toyota Motor Corp	Pair Corr
0.88	BIRG	Bank of Ireland	Pair Corr
0.83	ESO	EPE Special Opportunities	Pair Corr
0.83	RE-B	REA Holdings plc	Pair Corr
0.76	0JWG	MKS Instruments	Pair Corr
0.73	GAW	Games Workshop Group	Pair Corr
0.71	MNG	MG Plc	Pair Corr
0.71	CAML	Central Asia Metals	Pair Corr
0.66	RIGD	Reliance Industries	Pair Corr

Related Correlations Analysis

	DLN	HMSO	SUPR	WKP	TEM	EUA	ECO	0QZK	PPHC	DRX
DLN		-0.14	0.13	0.87	0.04	-0.51	-0.5	-0.33	0.0	-0.41	DLN
HMSO	-0.14		0.72	-0.14	0.62	0.75	0.4	0.78	0.6	0.4	HMSO
SUPR	0.13	0.72		0.07	0.49	0.49	0.05	0.55	0.69	0.33	SUPR
WKP	0.87	-0.14	0.07		0.24	-0.6	-0.35	-0.34	0.05	-0.32	WKP
TEM	0.04	0.62	0.49	0.24		0.29	0.11	0.6	0.74	0.0	TEM
EUA	-0.51	0.75	0.49	-0.6	0.29		0.49	0.78	0.36	0.43	EUA
ECO	-0.5	0.4	0.05	-0.35	0.11	0.49		0.28	-0.02	0.74	ECO
0QZK	-0.33	0.78	0.55	-0.34	0.6	0.78	0.28		0.52	0.25	0QZK
PPHC	0.0	0.6	0.69	0.05	0.74	0.36	-0.02	0.52		0.15	PPHC
DRX	-0.41	0.4	0.33	-0.32	0.0	0.43	0.74	0.25	0.15		DRX
	DLN	HMSO	SUPR	WKP	TEM	EUA	ECO	0QZK	PPHC	DRX

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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

WKP	+ 0.87	DLN
0QZK	+ 0.78	HMSO
0QZK	+ 0.78	EUA
EUA	+ 0.75	HMSO
PPHC	+ 0.74	TEM
DRX	+ 0.74	ECO

High negative correlations

EUA	- 0.6	WKP
EUA	- 0.51	DLN
ECO	- 0.5	DLN
DRX	- 0.41	DLN
ECO	- 0.35	WKP
0QZK	- 0.34	WKP

Risk-Adjusted Indicators

There is a big difference between Abrdn Stock performing well and Abrdn Property 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 Abrdn Property'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
DLN	0.96	(0.06)	0.00	(0.02)	0.00	0.00	1.88	(1.81)	7.06
HMSO	1.06	0.09	0.06	0.22	0.99	(1.24)	2.08	(1.67)	9.15
SUPR	0.71	0.05	(0.02)	0.59	0.86	(0.75)	1.54	(1.37)	4.34
WKP	0.98	(0.03)	(0.05)	0.00	1.51	(0.99)	1.64	(1.71)	9.39
TEM	0.76	0.05	0.00	0.27	0.88	(0.87)	1.98	(1.38)	5.58
EUA	5.47	0.78	0.11	2.21	6.03	(6.63)	14.81	(11.18)	38.05
ECO	4.73	1.94	0.42	52.58	2.61	(7.66)	20.55	(5.19)	58.31
0QZK	0.77	0.09	0.01	(1.75)	0.88	(0.79)	1.98	(1.52)	6.70
PPHC	0.64	0.09	0.03	0.45	0.57	(1.37)	1.60	(1.76)	9.02
DRX	1.17	0.22	0.16	0.37	1.00	(1.35)	2.47	(1.39)	8.76

Be your own money manager

Our tools can tell you how much better you can do entering a position in Abrdn Property without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Abrdn Property Corporate Management

Elected by the shareholders, the Abrdn Property's board of directors comprises two types of representatives: Abrdn Property inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Abrdn. The board's role is to monitor Abrdn Property's management team and ensure that shareholders' interests are well served. Abrdn Property'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, Abrdn Property's outside directors are responsible for providing unbiased perspectives on the board's policies.

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