Aberdeen Correlations

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USD 8.77 0.06 0.69%

The current 90-days correlation between Aberdeen Multi Cap and Virtus Nfj Large Cap is 0.01 (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

Significant diversification

The correlation between Aberdeen Multi Cap Equity and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Multi Cap Equity 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 Multi Cap Equity. 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

0.8	STK	Columbia Seligman Premium	Pair Corr
0.92	GXXAX	Aberdeen Equity A	Pair Corr
0.92	GXXIX	Aberdeen Equity Instl	Pair Corr
0.92	GGLIX	Aberdeen Multi Cap	Pair Corr
0.84	GGUIX	Aberdeen Eq Long	Pair Corr
0.71	ATOAX	Alpine Ultra Short	Pair Corr
0.69	ATOBX	Aberdeen Ultra Short	Pair Corr
0.71	ATOIX	Alpine Ultra Short	Pair Corr
0.77	BJBHX	Aberdeen Global High	Pair Corr
0.77	JHYIX	Aberdeen Global High	Pair Corr
0.83	GNSRX	Aberdeen Small Cap	Pair Corr

Moving against Aberdeen Mutual Fund

0.45	CGFIX	Aberdeen Global Fixed	Pair Corr
0.31	WVCCX	Aberdeen Gbl Small	Pair Corr
0.31	ABNIX	Aberdeen Global Small	Pair Corr
0.47	AGCIX	Aberdeen Global Unco	Pair Corr
0.47	CUGAX	Aberdeen Global Unco	Pair Corr
0.33	CPVCX	Aberdeen Gbl Small	Pair Corr
0.33	AIAFX	Alpine Global Infras	Pair Corr
0.32	AIFRX	Alpine Global Infras	Pair Corr
0.32	WPVAX	Aberdeen Gbl Small	Pair Corr

Related Correlations Analysis

	VAAGX	TWQZX	TAGRX	AMONX	DLCIX	PCLVX	LMUSX
VAAGX		0.91	0.94	0.92	0.93	0.96	0.89	VAAGX
TWQZX	0.91		0.9	0.94	0.95	0.93	0.97	TWQZX
TAGRX	0.94	0.9		0.97	0.97	0.97	0.93	TAGRX
AMONX	0.92	0.94	0.97		1.0	0.97	0.96	AMONX
DLCIX	0.93	0.95	0.97	1.0		0.97	0.96	DLCIX
PCLVX	0.96	0.93	0.97	0.97	0.97		0.95	PCLVX
LMUSX	0.89	0.97	0.93	0.96	0.96	0.95		LMUSX
	VAAGX	TWQZX	TAGRX	AMONX	DLCIX	PCLVX	LMUSX

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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
VAAGX	0.52	(0.03)	(0.09)	0.09	0.45	(0.61)	1.09	(0.94)	3.29
TWQZX	0.49	0.09	(0.06)	4.11	0.35	(0.58)	1.16	(0.75)	3.48
TAGRX	0.58	(0.01)	(0.03)	0.11	0.73	(0.58)	0.99	(1.43)	4.03
AMONX	0.68	0.03	0.03	0.15	0.85	(0.72)	1.63	(1.30)	4.55
DLCIX	0.55	0.01	(0.01)	0.13	0.65	(0.59)	1.23	(1.27)	4.24
PCLVX	0.50	0.00	(0.05)	0.11	0.34	(0.61)	1.01	(0.91)	3.99
LMUSX	0.61	0.12	0.00	2.44	0.73	(0.69)	1.28	(1.49)	4.08

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