Aberdeen Correlations
| GLSRX Fund | USD 6.68 0.00 0.00% |
The current 90-days correlation between Aberdeen Eq Long and Alger Health Sciences is 0.08 (i.e., Significant diversification). The correlation of Aberdeen 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 Correlation With Market
Average diversification
The correlation between Aberdeen Eq Long Short and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Eq Long Short and DJI in the same portfolio, assuming nothing else is changed.
Aberdeen |
Moving together with Aberdeen Mutual Fund
| 1.0 | MLSAX | Aberdeen Eq Long | PairCorr |
| 0.68 | STK | Columbia Seligman Premium | PairCorr |
| 0.68 | GXXAX | Aberdeen Equity A | PairCorr |
| 0.7 | GXXCX | Aberdeen Multi Cap | PairCorr |
| 0.7 | GXXIX | Aberdeen Equity Instl | PairCorr |
| 0.7 | GGLIX | Aberdeen Multi Cap | PairCorr |
| 0.72 | GGUIX | Aberdeen Eq Long | PairCorr |
| 1.0 | AELSX | Aberdeen Eq Lngshrt | PairCorr |
| 0.75 | BJBIX | Aberdeen Select Inte | PairCorr |
| 0.73 | GNSRX | Aberdeen Small Cap | PairCorr |
Moving against Aberdeen Mutual Fund
| 0.56 | CGFIX | Aberdeen Global Fixed | PairCorr |
| 0.37 | NTFAX | Aberdeen Tax Free | PairCorr |
| 0.34 | ABNIX | Aberdeen Global Small | PairCorr |
| 0.32 | ABEIX | Aberdeen Tax Free | PairCorr |
| 0.51 | AGCIX | Aberdeen Global Unco | PairCorr |
| 0.35 | CPVCX | Aberdeen Gbl Small | PairCorr |
Related Correlations Analysis
| 0.72 | 0.81 | 0.81 | 0.61 | 0.6 | 0.64 | AHSCX | ||
| 0.72 | 0.78 | 0.79 | 0.68 | 0.66 | 0.7 | LYFAX | ||
| 0.81 | 0.78 | 0.87 | 0.78 | 0.73 | 0.59 | LOGSX | ||
| 0.81 | 0.79 | 0.87 | 0.91 | 0.92 | 0.82 | PHLAX | ||
| 0.61 | 0.68 | 0.78 | 0.91 | 0.99 | 0.77 | GGHYX | ||
| 0.6 | 0.66 | 0.73 | 0.92 | 0.99 | 0.81 | HIAHX | ||
| 0.64 | 0.7 | 0.59 | 0.82 | 0.77 | 0.81 | BGHDX | ||
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Risk-Adjusted Indicators
There is a big difference between Aberdeen Mutual Fund performing well and Aberdeen 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'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AHSCX | 0.57 | (0.09) | 0.00 | (0.06) | 0.00 | 0.82 | 4.55 | |||
| LYFAX | 0.66 | (0.07) | 0.00 | (1.07) | 0.00 | 1.22 | 3.82 | |||
| LOGSX | 0.61 | (0.14) | 0.00 | (0.12) | 0.00 | 1.02 | 3.97 | |||
| PHLAX | 0.63 | (0.18) | 0.00 | (0.17) | 0.00 | 0.95 | 5.07 | |||
| GGHYX | 0.62 | (0.14) | 0.00 | (0.72) | 0.00 | 0.89 | 3.73 | |||
| HIAHX | 0.60 | (0.18) | 0.00 | (1.16) | 0.00 | 0.76 | 3.83 | |||
| BGHDX | 0.79 | (0.17) | 0.00 | (0.17) | 0.00 | 1.34 | 6.08 |
Aberdeen 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 mutual fund to make a market-neutral strategy. Peer analysis of Aberdeen could also be used in its relative valuation, which is a method of valuing Aberdeen by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |