Abrdn PLC Correlations
| SLFPF Stock | USD 2.79 0.09 3.12% |
The current 90-days correlation between Abrdn PLC and Azimut Holding SpA is -0.16 (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 poor diversification
The correlation between Abrdn PLC and DJI is 0.81 (i.e., Very poor 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.
Abrdn |
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
| 0.63 | BLK | BlackRock | PairCorr |
| 0.76 | BK | Bank of New York | PairCorr |
| 0.73 | IVSBF | Investor AB ser | PairCorr |
| 0.76 | IVSXF | Investor AB | PairCorr |
| 0.61 | AMP | Ameriprise Financial | PairCorr |
| 0.68 | SLF | Sun Life Financial | PairCorr |
| 0.68 | GLUC | Glucose Health | PairCorr |
| 0.86 | ESLT | Elbit Systems | PairCorr |
| 0.71 | TSM | Taiwan Semiconductor | PairCorr |
| 0.79 | TSEM | Tower Semiconductor | PairCorr |
| 0.76 | PPCLY | PPC Ltd ADR | PairCorr |
| 0.73 | EDRVF | EDP Renovaveis | PairCorr |
| 0.87 | KRUS | Kura Sushi USA | PairCorr |
| 0.76 | FRSB | First Resource Bank | PairCorr |
| 0.73 | SUBCY | Subsea 7 SA | PairCorr |
| 0.72 | CASY | Caseys General Stores | PairCorr |
| 0.62 | HFBA | HFB Financial Corp | PairCorr |
| 0.86 | UEC | Uranium Energy Corp | PairCorr |
| 0.66 | DOV | Dover | PairCorr |
Moving against Abrdn Pink Sheet
| 0.39 | BAM | Brookfield Asset Man | PairCorr |
| 0.38 | HNRC | Houston Natural Resources | PairCorr |
| 0.37 | ARES | Ares Management LP Downward Rally | PairCorr |
| 0.6 | RADLF | Radial Research Corp | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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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 | 1.36 | 0.13 | 0.01 | (0.47) | 1.61 | 4.47 | 14.47 | |||
| REVNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TKKHF | 0.80 | 0.46 | 0.00 | (0.49) | 0.00 | 0.00 | 0.00 | |||
| RITPF | 0.42 | 0.15 | 0.00 | (1.73) | 0.00 | 0.00 | 13.17 | |||
| ONEXF | 1.05 | (0.11) | 0.00 | (0.03) | 0.00 | 2.03 | 9.02 | |||
| SREDF | 0.81 | 0.41 | 0.00 | (4.29) | 0.00 | 0.00 | 26.98 | |||
| FKKFY | 3.51 | 0.44 | 0.05 | 0.33 | 4.47 | 11.50 | 41.89 | |||
| EUZOF | 0.33 | (0.12) | 0.00 | (0.54) | 0.00 | 0.00 | 9.38 | |||
| DCYHF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RMGOF | 0.72 | 0.32 | 0.00 | 0.84 | 0.00 | 0.00 | 24.00 |
Be your own money manager
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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 |