Abrdn Global Correlations

XAGIX Fund

USD 19.47 0.06 0.31%

The current 90-days correlation between Abrdn Global Infrast and Upright Growth Income is 0.25 (i.e., Modest diversification). The correlation of Abrdn 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.

Abrdn Global Correlation With Market

Weak diversification

The correlation between Abrdn Global Infrastructure and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Abrdn Global Infrastructure and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Abrdn Global Infrastructure. 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 Abrdn Mutual Fund

0.84	VGTSX	Vanguard Total Inter	Pair Corr
0.84	VTIAX	Vanguard Total Inter	Pair Corr
0.8	NHS	Neuberger Berman High	Pair Corr

Moving against Abrdn Mutual Fund

0.91	EMPIX	Ambassador Fund	Pair Corr
0.9	DFGBX	Dfa Five Year	Pair Corr
0.85	APDPX	Artisan Global Uncon	Pair Corr
0.84	DDFCX	Delaware Floating Rate	Pair Corr
0.83	DLINX	Doubleline Flexible	Pair Corr
0.82	AQMIX	Aqr Managed Futures	Pair Corr
0.79	ESDIX	Ashmore Emerging Markets	Pair Corr
0.77	BXSL	Blackstone Secured	Pair Corr
0.76	BXFAX	Barings Global Floating	Pair Corr
0.74	IIXAX	Catalyst Insider Income	Pair Corr
0.72	DFCMX	Dfa Calfrna Shrt	Pair Corr
0.66	MSSMX	Small Pany Growth	Pair Corr
0.63	QSPNX	Aqr Style Premia	Pair Corr
0.6	QSPRX	Aqr Style Premia	Pair Corr
0.56	ETCEX	Eventide Exponential	Pair Corr
0.56	AMFNX	Asg Managed Futures	Pair Corr
0.52	WWACX	Westwood Alternative	Pair Corr
0.49	SPNNX	Invesco Steelpath Mlp	Pair Corr
0.41	VLPAX	Virtus Select Mlp	Pair Corr
0.87	DBFRX	Doubleline Floating Rate	Pair Corr
0.85	ATOIX	Alpine Ultra Short	Pair Corr
0.85	AHLPX	American Beacon Ahl	Pair Corr
0.85	MAFRX	Pioneer Multi Asset	Pair Corr
0.85	USIAX	Ubs Ultra Short	Pair Corr
0.84	SWSFX	Ultra Short Fixed	Pair Corr
0.83	ARMLX	Western Asset Adjustable	Pair Corr
0.83	CMNIX	Calamos Market Neutral	Pair Corr
0.82	MURSX	Msif Real Estate	Pair Corr

Related Correlations Analysis

	UPDDX	CVGRX	TFAGX	EIPIX	ARTSX	LGLSX	NEAIX	TRBCX
UPDDX		0.36	0.81	0.08	0.16	0.79	0.68	0.91	UPDDX
CVGRX	0.36		0.74	0.59	0.69	0.53	0.6	0.54	CVGRX
TFAGX	0.81	0.74		0.47	0.59	0.76	0.75	0.87	TFAGX
EIPIX	0.08	0.59	0.47		0.77	0.33	0.54	0.15	EIPIX
ARTSX	0.16	0.69	0.59	0.77		0.2	0.46	0.19	ARTSX
LGLSX	0.79	0.53	0.76	0.33	0.2		0.75	0.88	LGLSX
NEAIX	0.68	0.6	0.75	0.54	0.46	0.75		0.64	NEAIX
TRBCX	0.91	0.54	0.87	0.15	0.19	0.88	0.64		TRBCX
	UPDDX	CVGRX	TFAGX	EIPIX	ARTSX	LGLSX	NEAIX	TRBCX

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Risk-Adjusted Indicators

There is a big difference between Abrdn Mutual Fund performing well and Abrdn 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 Abrdn 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
UPDDX	1.29	0.11	0.06	0.73	1.45	(1.41)	2.81	(2.59)	8.50
CVGRX	0.89	(0.02)	0.00	(0.06)	0.00	0.00	1.62	(2.15)	8.00
TFAGX	0.65	0.02	0.00	2.59	0.95	(0.66)	1.37	(1.53)	5.84
EIPIX	0.77	0.03	0.01	0.11	1.53	(0.74)	1.68	(1.09)	9.39
ARTSX	1.05	(0.01)	(0.01)	(0.01)	1.72	(0.94)	2.14	(2.17)	8.55
LGLSX	1.05	0.17	0.10	0.35	1.33	(1.04)	2.43	(2.37)	7.49
NEAIX	1.11	0.05	0.03	0.10	1.22	(1.25)	2.28	(1.60)	8.12
TRBCX	0.81	0.07	0.04	(1.21)	1.07	(0.82)	1.57	(1.89)	5.70

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