Aberdeen Select Correlations

Mutual Funds . USA . 
Fund . Aberdeen Select International
JETAX Fund  USD 14.80  0.08  0.54%   
The current 90-days correlation between Aberdeen Select Inte and Emerging Markets Fund is -0.11 (i.e., Good diversification). The correlation of Aberdeen Select 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 Select Correlation With Market

Poor diversification

The correlation between Aberdeen Select International and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Select International 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 Select International. 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

  0.78GEGCX Aberdeen Emerging MarketsPairCorr
  0.82GWLIX Aberdeen Gbl EqPairCorr
  0.81GWLRX Aberdeen Gbl EqPairCorr
  0.73ASEMX Abrdn Em SmaPairCorr
  0.69ABEMX Aberdeen Emerging MarktsPairCorr
  0.75ABNIX Aberdeen Global SmallPairCorr
  1.0JETIX Aberdeen Select IntePairCorr
  0.93ADAVX Alpine Dynamic DividendPairCorr
  0.94ADVDX Alpine Dynamic DividendPairCorr
  0.81GLLAX Aberdeen Gbl EqPairCorr
  0.81GLLCX Aberdeen Gbl EqPairCorr
  0.82GLLSX Aberdeen Global EqutyPairCorr
  0.72JIEIX Aberdeen Select IntePairCorr

Moving against Aberdeen Mutual Fund

  0.33BJBIX Aberdeen Select IntePairCorr
  0.32GNSRX Aberdeen Small CapPairCorr

Related Correlations Analysis

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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   
TWCGX
+ 1.0
TWCIX
TWCIX
+ 0.96
TWHIX
TWCGX
+ 0.95
TWHIX
TWCIX
+ 0.45
TWMIX
TWCGX
+ 0.45
TWMIX
TWHIX
+ 0.33
TWMIX
  
High negative correlations   
TWHIX
- 0.63
TWIEX
TWCIX
- 0.49
TWIEX
TWCGX
- 0.46
TWIEX

Risk-Adjusted Indicators

There is a big difference between Aberdeen Mutual Fund performing well and Aberdeen Select 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 Select'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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