Aberdeen Small Correlations

Mutual Funds . USA . 
Fund . Aberdeen Small Cap
GSXIX Fund  USD 43.38  0.54  1.23%   
The current 90-days correlation between Aberdeen Small Cap and Aberdeen Small Cap is 0.23 (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 weak diversification

The correlation between Aberdeen Small Cap and DJI is 0.43 (i.e., Very weak 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 gross domestic product.

Moving together with Aberdeen Mutual Fund

  0.8GXXAX Aberdeen Equity APairCorr
  0.8GXXCX Aberdeen Multi Cap Potential GrowthPairCorr
  0.8GXXIX Aberdeen Equity Instl Potential GrowthPairCorr
  0.8GGLIX Aberdeen Multi CapPairCorr
  0.69WVCCX Aberdeen Gbl SmallPairCorr
  0.7ABNIX Aberdeen Global SmallPairCorr
  0.73ADAVX Alpine Dynamic DividendPairCorr
  0.82ADVDX Alpine Dynamic DividendPairCorr
  0.78BJBHX Aberdeen Global HighPairCorr
  0.74JHYIX Aberdeen Global HighPairCorr
  1.0GNSRX Aberdeen Small CapPairCorr

Related Correlations Analysis

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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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