Aberdeen Global Correlations

JHYIX Fund

USD 6.97 0.01 0.14%

The current 90-days correlation between Aberdeen Global High and Payden Government Fund is 0.45 (i.e., Very weak diversification). The correlation of Aberdeen Global 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 Global Correlation With Market

Modest diversification

The correlation between Aberdeen Global High 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 Global High 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 Global High. 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 gross domestic product.

Moving together with Aberdeen Mutual Fund

0.76	STK	Columbia Seligman Premium	Pair Corr
0.83	GXXAX	Aberdeen Equity A	Pair Corr
0.7	GXXCX	Aberdeen Multi Cap	Pair Corr
0.83	GXXIX	Aberdeen Equity Instl	Pair Corr
0.83	GGLIX	Aberdeen Multi Cap	Pair Corr
0.85	GGUIX	Aberdeen Eq Long Steady Growth	Pair Corr
0.7	AAHMX	Aberdeen Short Duration	Pair Corr
0.62	ATOAX	Alpine Ultra Short	Pair Corr
0.71	ATOBX	Aberdeen Ultra Short	Pair Corr
0.64	ATOIX	Alpine Ultra Short	Pair Corr
0.99	BJBHX	Aberdeen Global High	Pair Corr
0.84	GNSRX	Aberdeen Small Cap Steady Growth	Pair Corr
0.62	AGCIX	Aberdeen Global Unco	Pair Corr

Moving against Aberdeen Mutual Fund

0.45	GEGCX	Aberdeen Emerging Markets	Pair Corr
0.44	GEMRX	Aberdeen Emerging Markets	Pair Corr
0.44	ABEMX	Aberdeen Emerging Markts	Pair Corr
0.38	ASEMX	Abrdn Em Sma	Pair Corr
0.37	GLLCX	Aberdeen Gbl Eq	Pair Corr
0.36	GWLIX	Aberdeen Gbl Eq	Pair Corr
0.36	GLLAX	Aberdeen Gbl Eq	Pair Corr
0.36	GLLSX	Aberdeen Global Equty	Pair Corr
0.46	GOPAX	Aberdeen China Oppty	Pair Corr
0.45	GOPIX	Aberdeen China Oppty	Pair Corr
0.44	AEMSX	Aberden Emerng Mrkts	Pair Corr
0.34	JIEIX	Aberdeen Select Inte	Pair Corr
0.33	GOPRX	Aberdeen China Oppty	Pair Corr
0.33	GOPCX	Aberdeen China Oppty	Pair Corr
0.32	GOPSX	Aberdeen China Oppty	Pair Corr

Related Correlations Analysis

	PYUSX	PBMXX	FCSCX	DPIGX	SIGVX
PYUSX		0.0	0.57	0.78	0.41	PYUSX
PBMXX	0.0		0.0	0.0	0.0	PBMXX
FCSCX	0.57	0.0		0.88	0.97	FCSCX
DPIGX	0.78	0.0	0.88		0.83	DPIGX
SIGVX	0.41	0.0	0.97	0.83		SIGVX
	PYUSX	PBMXX	FCSCX	DPIGX	SIGVX

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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

SIGVX	+ 0.97	FCSCX
DPIGX	+ 0.88	FCSCX
SIGVX	+ 0.83	DPIGX
DPIGX	+ 0.78	PYUSX
FCSCX	+ 0.57	PYUSX
SIGVX	+ 0.41	PYUSX

High negative correlations

SIGVX	- 0.0	PBMXX
DPIGX	- 0.0	PBMXX
FCSCX	- 0.0	PBMXX
PBMXX	- 0.0	PYUSX

Risk-Adjusted Indicators

There is a big difference between Aberdeen Mutual Fund performing well and Aberdeen Global 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 Global'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
PYUSX	0.11	(0.01)	(0.17)	(0.38)	0.13	(0.18)	0.32	(0.21)	0.75
PBMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FCSCX	0.05	0.00	(0.14)	0.01	0.00	(0.29)	0.13	(0.13)	0.67
DPIGX	0.05	0.00	(0.17)	(0.20)	0.00	(0.15)	0.21	(0.11)	0.42
SIGVX	0.06	0.01	(0.09)	3.48	0.00	(0.20)	0.10	(0.10)	0.61

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