Aberdeen Australia Correlations

IAF Fund

USD 4.51 0.01 0.22%

The current 90-days correlation between Aberdeen Australia and MFS Investment Grade is -0.03 (i.e., Good diversification). The correlation of Aberdeen Australia 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.

Aberdeen Australia Correlation With Market

Weak diversification

The correlation between Aberdeen Australia Ef and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Australia Ef 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 Australia Ef. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Aberdeen Fund

0.69	EIM	Eaton Vance Mbf	Pair Corr
0.79	IIF	Morgan Stanley India	Pair Corr
0.74	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.79	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.72	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr

Related Correlations Analysis

	CXH	EOT	MQT	DTF	CXE
CXH		0.67	0.69	0.48	0.73	CXH
EOT	0.67		0.73	0.25	0.74	EOT
MQT	0.69	0.73		0.16	0.89	MQT
DTF	0.48	0.25	0.16		0.11	DTF
CXE	0.73	0.74	0.89	0.11		CXE
	CXH	EOT	MQT	DTF	CXE

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Risk-Adjusted Indicators

There is a big difference between Aberdeen Fund performing well and Aberdeen Australia 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 Australia'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
CXH	0.31	0.02	(0.15)	0.39	0.38	(0.35)	0.62	(0.62)	2.10
EOT	0.35	0.02	(0.18)	(1.09)	0.38	(0.41)	0.75	(0.86)	2.08
MQT	0.43	(0.04)	0.00	(0.10)	0.00	0.00	0.87	(0.92)	2.73
DTF	0.23	0.01	(0.29)	(0.27)	0.24	(0.28)	0.54	(0.36)	1.96
CXE	0.50	(0.02)	(0.15)	0.00	0.57	(0.63)	1.33	(1.04)	3.34

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Aberdeen Australia Correlations

Aberdeen Australia Correlation With Market

Weak diversification

Moving together with Aberdeen Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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