Aberdeen Emerging Correlations

GEGCX Fund

USD 13.45 0.02 0.15%

The current 90-days correlation between Aberdeen Emerging Markets and Federated Government Ultrashort is 0.05 (i.e., Significant diversification). The correlation of Aberdeen Emerging 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.

Aberdeen Emerging Correlation With Market

Average diversification

The correlation between Aberdeen Emerging Markets and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Aberdeen Emerging Markets. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Aberdeen Mutual Fund

1.0	GEGAX	Aberdeen Emerging Markets	Pair Corr
0.94	GWLIX	Aberdeen Gbl Eq Potential Growth	Pair Corr
0.94	GWLRX	Aberdeen Gbl Eq	Pair Corr
0.94	ASEMX	Abrdn Em Sma	Pair Corr
0.94	GLLAX	Aberdeen Gbl Eq	Pair Corr
0.94	GLLSX	Aberdeen Global Equty	Pair Corr
1.0	AEMSX	Aberden Emerng Mrkts	Pair Corr
0.85	GOPRX	Aberdeen China Oppty	Pair Corr
0.85	GOPSX	Aberdeen China Oppty	Pair Corr
0.85	GOPAX	Aberdeen China Oppty	Pair Corr
0.85	GOPCX	Aberdeen China Oppty	Pair Corr
0.85	GOPIX	Aberdeen China Oppty	Pair Corr

Moving against Aberdeen Mutual Fund

0.81	ATOAX	Alpine Ultra Short	Pair Corr
0.77	ATOBX	Aberdeen Ultra Short	Pair Corr
0.35	GGUIX	Aberdeen Eq Long	Pair Corr
0.31	STK	Columbia Seligman Premium	Pair Corr
0.41	JHYIX	Aberdeen Global High	Pair Corr
0.33	GSCIX	Aberdeen Small Cap	Pair Corr
0.33	GSXAX	Aberdeen Small Cap	Pair Corr
0.31	GSXCX	Aberdeen Small Cap	Pair Corr

Related Correlations Analysis

	FGUSX	DPIGX	UGSDX	DNCGX	PYUSX	IVMXX	HUMXX
FGUSX		0.89	0.69	-0.08	0.7	0.0	0.0	FGUSX
DPIGX	0.89		0.56	0.19	0.89	0.0	0.0	DPIGX
UGSDX	0.69	0.56		-0.3	0.31	0.0	0.0	UGSDX
DNCGX	-0.08	0.19	-0.3		0.44	0.0	0.0	DNCGX
PYUSX	0.7	0.89	0.31	0.44		0.0	0.0	PYUSX
IVMXX	0.0	0.0	0.0	0.0	0.0		0.0	IVMXX
HUMXX	0.0	0.0	0.0	0.0	0.0	0.0		HUMXX
	FGUSX	DPIGX	UGSDX	DNCGX	PYUSX	IVMXX	HUMXX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

DPIGX	+ 0.89	FGUSX
PYUSX	+ 0.89	DPIGX
PYUSX	+ 0.7	FGUSX
UGSDX	+ 0.69	FGUSX
UGSDX	+ 0.56	DPIGX
PYUSX	+ 0.44	DNCGX

High negative correlations

DNCGX	- 0.3	UGSDX
DNCGX	- 0.08	FGUSX
HUMXX	- 0.0	IVMXX
HUMXX	- 0.0	PYUSX
IVMXX	- 0.0	PYUSX
HUMXX	- 0.0	DNCGX

Risk-Adjusted Indicators

There is a big difference between Aberdeen Mutual Fund performing well and Aberdeen Emerging 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 Aberdeen Emerging'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
FGUSX	0.06	0.01	(0.60)	(0.44)	0.00	(0.23)	0.10	(0.10)	0.62
DPIGX	0.05	0.00	(0.57)	(0.13)	0.00	(0.15)	0.21	(0.11)	0.42
UGSDX	0.05	0.01	0.00	(0.34)	0.00	0.00	0.00	0.00	1.03
DNCGX	0.20	(0.01)	(0.32)	(0.14)	0.23	(0.24)	0.40	(0.48)	1.20
PYUSX	0.11	0.00	(0.47)	0.09	0.07	(0.18)	0.32	(0.21)	0.75
IVMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HUMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC