Aberdeen Equity Correlations

GXXAX Fund

USD 12.40 0.05 0.40%

The current 90-days correlation between Aberdeen Equity A and Blrc Sgy Mnp is -0.04 (i.e., Good diversification). The correlation of Aberdeen Equity 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 Equity Correlation With Market

Very poor diversification

The correlation between Aberdeen Equity A and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Equity A 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 Equity A. 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

0.86	STK	Columbia Seligman Premium	Pair Corr
0.92	GXXCX	Aberdeen Multi Cap	Pair Corr
1.0	GXXIX	Aberdeen Equity Instl	Pair Corr
1.0	GGLIX	Aberdeen Multi Cap	Pair Corr
0.89	GGUIX	Aberdeen Eq Long	Pair Corr
0.73	ATOAX	Alpine Ultra Short	Pair Corr
0.71	ATOBX	Aberdeen Ultra Short	Pair Corr
0.73	ATOIX	Alpine Ultra Short	Pair Corr
0.73	BJBHX	Aberdeen Global High	Pair Corr
0.73	JHYIX	Aberdeen Global High	Pair Corr
0.88	GNSRX	Aberdeen Small Cap	Pair Corr

Moving against Aberdeen Mutual Fund

0.45	CGFIX	Aberdeen Global Fixed	Pair Corr
0.48	AGCIX	Aberdeen Global Unco	Pair Corr
0.48	CUGAX	Aberdeen Global Unco	Pair Corr

Related Correlations Analysis

	MDMTX	ARTFX	SWSFX	ANAZX	RUSIX	TPYYX	BBINX
MDMTX		-0.38	-0.58	0.87	-0.54	0.28	0.87	MDMTX
ARTFX	-0.38		0.85	-0.34	0.92	0.16	0.04	ARTFX
SWSFX	-0.58	0.85		-0.49	0.88	0.01	-0.23	SWSFX
ANAZX	0.87	-0.34	-0.49		-0.55	0.32	0.83	ANAZX
RUSIX	-0.54	0.92	0.88	-0.55		-0.16	-0.2	RUSIX
TPYYX	0.28	0.16	0.01	0.32	-0.16		0.45	TPYYX
BBINX	0.87	0.04	-0.23	0.83	-0.2	0.45		BBINX
	MDMTX	ARTFX	SWSFX	ANAZX	RUSIX	TPYYX	BBINX

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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

RUSIX	+ 0.92	ARTFX
RUSIX	+ 0.88	SWSFX
ANAZX	+ 0.87	MDMTX
BBINX	+ 0.87	MDMTX
SWSFX	+ 0.85	ARTFX
BBINX	+ 0.83	ANAZX

High negative correlations

SWSFX	- 0.58	MDMTX
RUSIX	- 0.55	ANAZX
RUSIX	- 0.54	MDMTX
ANAZX	- 0.49	SWSFX
ARTFX	- 0.38	MDMTX
ANAZX	- 0.34	ARTFX

Risk-Adjusted Indicators

There is a big difference between Aberdeen Mutual Fund performing well and Aberdeen Equity 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 Equity'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
MDMTX	0.16	(0.01)	(0.33)	(0.23)	0.25	(0.23)	0.38	(0.56)	1.33
ARTFX	0.12	0.04	(0.60)	(1.12)	0.00	(0.20)	0.33	(0.22)	1.01
SWSFX	0.05	0.01	(1.04)	(1.89)	0.00	(0.21)	0.10	(0.10)	0.59
ANAZX	0.18	(0.02)	0.00	(0.70)	0.00	0.00	0.29	(0.29)	1.01
RUSIX	0.04	0.01	0.00	(1.06)	0.00	0.00	0.10	0.00	0.50
TPYYX	0.71	0.00	(0.12)	0.06	0.97	(0.74)	1.40	(1.71)	5.39
BBINX	0.11	(0.01)	(0.43)	(0.13)	0.15	(0.19)	0.29	(0.29)	1.07

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