Aberdeen Small Correlations

Mutual Funds . USA . 
Fund . Aberdeen Small Cap
GSXAX Fund  USD 40.74  0.06  0.15%   
The current 90-days correlation between Aberdeen Small Cap and T Rowe Price is 0.24 (i.e., Modest diversification). The correlation of Aberdeen Small 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 Small Correlation With Market

Very poor diversification

The correlation between Aberdeen Small Cap and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Small Cap 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 Small Cap. 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 nation.

Moving together with Aberdeen Mutual Fund

  0.64GEGCX Aberdeen Emerging MarketsPairCorr
  0.65GEMRX Aberdeen Emerging MarketsPairCorr
  0.61GWLIX Aberdeen Gbl EqPairCorr
  0.61GWLRX Aberdeen Gbl EqPairCorr
  0.61STK Columbia Seligman PremiumPairCorr
  0.78CGFIX Aberdeen Global FixedPairCorr
  0.73GXXAX Aberdeen Equity APairCorr
  0.73GXXIX Aberdeen Equity InstlPairCorr
  0.76AAHMX Aberdeen Short DurationPairCorr
  0.66ASEMX Abrdn Em SmaPairCorr
  0.65ABEMX Aberdeen Emerging MarktsPairCorr
  0.66ABNIX Aberdeen Global SmallPairCorr
  0.68ATOAX Alpine Ultra ShortPairCorr
  0.71ATOBX Aberdeen Ultra ShortPairCorr
  0.76ATOIX Alpine Ultra ShortPairCorr
  0.78ADAVX Alpine Dynamic DividendPairCorr
  0.77ADVDX Alpine Dynamic DividendPairCorr
  0.61GLLSX Aberdeen Global EqutyPairCorr
  0.65AEMSX Aberden Emerng MrktsPairCorr
  0.79BJBHX Aberdeen Global HighPairCorr
  0.82JHYIX Aberdeen Global HighPairCorr
  0.93GNSRX Aberdeen Small CapPairCorr
  0.76AGCIX Aberdeen Global UncoPairCorr
  0.71AHYMX Alpine High YieldPairCorr
  0.77AIAFX Alpine Global InfrasPairCorr
  0.68AIAGX Alpine Realty IncomePairCorr
  0.74AIFRX Alpine Global InfrasPairCorr
  0.65AIGYX Alpine Realty IncomePairCorr
  0.93GSCIX Aberdeen Small CapPairCorr
  1.0GSXCX Aberdeen Small CapPairCorr
  0.93GSXIX Aberdeen Small CapPairCorr
  0.79CUGAX Aberdeen Global UncoPairCorr
  0.87VSMAX Vanguard Small CapPairCorr
  0.87VSCIX Vanguard Small CapPairCorr

Moving against Aberdeen Mutual Fund

  0.62XDSMX Dreyfus StrategicPairCorr
  0.6XNXJX Nuveen New JerseyPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Aberdeen Mutual Fund performing well and Aberdeen Small 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 Small'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.

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