Aberdeen Tax Correlations

NTFAX Fund

USD 8.88 0.01 0.11%

The current 90-days correlation between Aberdeen Tax Free and Qs Large Cap is 0.08 (i.e., Significant diversification). The correlation of Aberdeen Tax 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 Tax Correlation With Market

Average diversification

The correlation between Aberdeen Tax Free Incm and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Tax Free Incm and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Aberdeen Tax Free Incm. 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

0.89	CGFIX	Aberdeen Global Fixed	Pair Corr
0.96	AAHMX	Aberdeen Short Duration	Pair Corr
0.89	ABESX	Aberdeen Tax Free	Pair Corr
0.9	ABEIX	Aberdeen Tax Free	Pair Corr
0.65	JETAX	Aberdeen Select Inte	Pair Corr
0.65	JETIX	Aberdeen Select Inte	Pair Corr
0.96	ACHMX	Abrdn Short Duration	Pair Corr
0.83	AGCIX	Aberdeen Global Unco	Pair Corr

Moving against Aberdeen Mutual Fund

0.33	ATOAX	Alpine Ultra Short	Pair Corr
0.31	ATOIX	Alpine Ultra Short	Pair Corr

Related Correlations Analysis

	LMUSX	RGELX	TFAGX	SCGCX	PBLIX	SLWGX	MSTGX
LMUSX		0.92	0.75	0.88	0.9	0.33	0.8	LMUSX
RGELX	0.92		0.85	0.84	0.93	0.41	0.84	RGELX
TFAGX	0.75	0.85		0.58	0.75	0.22	0.73	TFAGX
SCGCX	0.88	0.84	0.58		0.84	0.51	0.65	SCGCX
PBLIX	0.9	0.93	0.75	0.84		0.38	0.91	PBLIX
SLWGX	0.33	0.41	0.22	0.51	0.38		0.21	SLWGX
MSTGX	0.8	0.84	0.73	0.65	0.91	0.21		MSTGX
	LMUSX	RGELX	TFAGX	SCGCX	PBLIX	SLWGX	MSTGX

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Risk-Adjusted Indicators

There is a big difference between Aberdeen Mutual Fund performing well and Aberdeen Tax 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 Tax'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
LMUSX	0.77	0.02	(0.01)	0.09	1.22	(0.73)	1.27	(1.50)	6.30
RGELX	0.57	0.03	(0.01)	0.14	0.92	(0.56)	1.33	(1.45)	4.33
TFAGX	0.78	0.06	0.02	0.19	1.03	(0.83)	1.61	(1.60)	5.84
SCGCX	0.54	(0.02)	(0.05)	0.03	1.01	(0.51)	1.01	(1.04)	5.36
PBLIX	0.52	0.01	(0.04)	0.11	0.73	(0.53)	1.06	(0.97)	3.62
SLWGX	0.73	0.03	(0.04)	(0.18)	0.97	(0.79)	1.75	(1.42)	3.79
MSTGX	0.26	0.01	(0.10)	0.11	0.31	(0.33)	0.55	(0.42)	1.83

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