Aberdeen Japan Correlations

JEQ Fund

USD 5.87 0.07 1.21%

The current 90-days correlation between Aberdeen Japan Equity and Fulcrum Diversified Absolute is 0.28 (i.e., Modest diversification). The correlation of Aberdeen Japan 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 Japan Correlation With Market

Modest diversification

The correlation between Aberdeen Japan Equity and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Japan 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 Japan Equity. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Aberdeen Fund

0.68	GAB	Gabelli Equity Trust	Pair Corr
0.75	JRODX	J Hancock Ii	Pair Corr
0.64	DFEOX	Us E Equity	Pair Corr
0.67	HCYIX	Direxion Hilton Tactical	Pair Corr
0.62	VFIAX	Vanguard 500 Index	Pair Corr
0.66	VOLJX	Abr 7525 Volatility	Pair Corr
0.62	VFINX	Vanguard 500 Index	Pair Corr
0.75	FSBCX	Federated Global All	Pair Corr
0.68	HCYAX	Direxion Hilton Tactical	Pair Corr
0.63	LHYOX	Lord Abbett High	Pair Corr
0.73	JQLBX	Multimanager Lifestyle	Pair Corr
0.75	LTMIX	Thornburg Limited Term	Pair Corr

Moving against Aberdeen Fund

0.38

DXKSX

Direxion Monthly 7

Pair Corr

Related Correlations Analysis

	FARIX	GABSX	DSCPX	SRDAX	JPDVX	WDIAX	XACVX
FARIX		0.85	0.8	-0.39	0.76	0.72	0.64	FARIX
GABSX	0.85		0.84	-0.54	0.83	0.85	0.52	GABSX
DSCPX	0.8	0.84		-0.21	0.79	0.66	0.79	DSCPX
SRDAX	-0.39	-0.54	-0.21		-0.45	-0.54	0.19	SRDAX
JPDVX	0.76	0.83	0.79	-0.45		0.69	0.7	JPDVX
WDIAX	0.72	0.85	0.66	-0.54	0.69		0.33	WDIAX
XACVX	0.64	0.52	0.79	0.19	0.7	0.33		XACVX
	FARIX	GABSX	DSCPX	SRDAX	JPDVX	WDIAX	XACVX

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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

GABSX	+ 0.85	FARIX
WDIAX	+ 0.85	GABSX
DSCPX	+ 0.84	GABSX
JPDVX	+ 0.83	GABSX
DSCPX	+ 0.8	FARIX
JPDVX	+ 0.79	DSCPX

High negative correlations

WDIAX	- 0.54	SRDAX
SRDAX	- 0.54	GABSX
JPDVX	- 0.45	SRDAX
SRDAX	- 0.39	FARIX
SRDAX	- 0.21	DSCPX

Risk-Adjusted Indicators

There is a big difference between Aberdeen Fund performing well and Aberdeen Japan 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 Japan'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
FARIX	0.30	(0.02)	0.00	(0.38)	0.00	0.00	0.65	(0.62)	2.12
GABSX	0.83	(0.09)	0.00	(0.10)	0.00	0.00	1.60	(1.35)	9.00
DSCPX	0.76	0.02	(0.02)	0.11	0.93	(0.87)	1.60	(1.25)	8.80
SRDAX	0.15	0.04	(0.14)	(1.20)	0.00	(0.20)	0.38	(0.29)	1.05
JPDVX	0.46	(0.02)	0.00	(0.14)	0.00	0.00	0.94	(1.19)	3.40
WDIAX	0.57	(0.04)	0.00	(0.06)	0.00	0.00	1.10	(0.96)	5.40
XACVX	0.70	0.05	(0.02)	0.97	1.01	(0.72)	1.43	(1.48)	5.43

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