Abrdn PLC Correlations

SLFPF Stock

USD 2.91 0.06 2.02%

The current 90-days correlation between Abrdn PLC and Azimut Holding SpA is -0.08 (i.e., Good diversification). The correlation of Abrdn PLC 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.

Abrdn PLC Correlation With Market

Very weak diversification

The correlation between Abrdn PLC and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Abrdn PLC and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Abrdn PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Abrdn PLC when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Abrdn PLC - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Abrdn PLC to buy it.

Moving together with Abrdn Pink Sheet

0.77	BLK	BlackRock	Pair Corr
0.72	BK	Bank of New York Sell-off Trend	Pair Corr
0.82	IVSBF	Investor AB ser	Pair Corr
0.84	IVSXF	Investor AB	Pair Corr
0.67	AMP	Ameriprise Financial Earnings Call This Week	Pair Corr
0.67	SSRM	SSR Mining	Pair Corr
0.84	MARUF	Marubeni Earnings Call Next Week	Pair Corr
0.68	YASKY	Yaskawa Electric Corp	Pair Corr
0.67	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.65	HD	Home Depot	Pair Corr

Moving against Abrdn Pink Sheet

0.64	GRLF	Green Leaf Innovations	Pair Corr
0.57	T	ATT Inc Earnings Call Tomorrow	Pair Corr
0.51	VZ	Verizon Communications Earnings Call This Week	Pair Corr
0.49	TRV	The Travelers Companies Sell-off Trend	Pair Corr
0.42	HPQ	HP Inc	Pair Corr
0.34	IBM	International Business Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	AZIHF	REVNF	TKKHF	RITPF	ONEXF	SREDF	FKKFY	EUZOF	DCYHF	RMGOF
AZIHF		0.0	-0.32	0.57	0.32	0.0	0.66	0.17	0.0	0.0	AZIHF
REVNF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	REVNF
TKKHF	-0.32	0.0		0.16	0.49	0.0	-0.1	-0.05	0.0	0.0	TKKHF
RITPF	0.57	0.0	0.16		0.56	0.0	0.62	0.11	0.0	0.0	RITPF
ONEXF	0.32	0.0	0.49	0.56		0.0	0.25	0.0	0.0	0.0	ONEXF
SREDF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	SREDF
FKKFY	0.66	0.0	-0.1	0.62	0.25	0.0		0.14	0.0	0.0	FKKFY
EUZOF	0.17	0.0	-0.05	0.11	0.0	0.0	0.14		0.0	0.0	EUZOF
DCYHF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		-1.0	DCYHF
RMGOF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-1.0		RMGOF
	AZIHF	REVNF	TKKHF	RITPF	ONEXF	SREDF	FKKFY	EUZOF	DCYHF	RMGOF

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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

FKKFY	+ 0.66	AZIHF
FKKFY	+ 0.62	RITPF
RITPF	+ 0.57	AZIHF
ONEXF	+ 0.56	RITPF
ONEXF	+ 0.49	TKKHF
ONEXF	+ 0.32	AZIHF

High negative correlations

RMGOF	- 1.0	DCYHF
TKKHF	- 0.32	AZIHF
FKKFY	- 0.1	TKKHF
EUZOF	- 0.05	TKKHF
RMGOF	- 0.0	EUZOF
DCYHF	- 0.0	EUZOF

Risk-Adjusted Indicators

There is a big difference between Abrdn Pink Sheet performing well and Abrdn PLC Company 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 Abrdn PLC'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
AZIHF	1.61	0.15	0.02	0.41	2.64	(3.12)	6.65	(3.78)	18.88
REVNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TKKHF	0.57	(0.28)	0.00	1.46	0.00	0.00	0.00	0.00	18.25
RITPF	0.36	0.08	0.00	(0.16)	0.00	0.00	0.00	0.00	12.55
ONEXF	1.14	(0.05)	0.00	(0.42)	0.00	0.00	2.03	(2.96)	9.16
SREDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FKKFY	1.95	0.33	0.05	1.04	2.37	(4.27)	6.37	(5.07)	23.63
EUZOF	0.16	0.00	0.00	0.15	0.00	0.00	0.00	0.00	5.95
DCYHF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RMGOF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Abrdn PLC without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Abrdn PLC Corporate Management

Perla Kessous	Sr Services	Profile
Rushad Abadan	Group Counsel	Profile
Stephen Whitehead	Marketing Brand	Profile
Jean Guay	VP Marketing	Profile
Michael Tumilty	Global Officer	Profile

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