Aberdeen Global Correlations

ABNIX Fund

USD 30.68 0.14 0.45%

The current 90-days correlation between Aberdeen Global Small and Champlain Mid Cap is 0.69 (i.e., Poor 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

Very weak diversification

The correlation between Aberdeen Global Small and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Global Small and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aberdeen Global Small. 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

0.88	GWLIX	Aberdeen Gbl Eq	Pair Corr
0.88	GWLRX	Aberdeen Gbl Eq	Pair Corr
0.66	CGFIX	Aberdeen Global Fixed	Pair Corr
1.0	WVCCX	Aberdeen Gbl Small	Pair Corr
0.65	ASEMX	Abrdn Em Sma	Pair Corr
0.81	JETAX	Aberdeen Select Inte	Pair Corr
0.81	JETIX	Aberdeen Select Inte	Pair Corr
0.74	ADAVX	Alpine Dynamic Dividend	Pair Corr
0.74	ADVDX	Alpine Dynamic Dividend	Pair Corr
0.88	GLLAX	Aberdeen Gbl Eq	Pair Corr
0.88	GLLCX	Aberdeen Gbl Eq	Pair Corr
0.88	GLLSX	Aberdeen Global Equty	Pair Corr
0.64	AGCIX	Aberdeen Global Unco	Pair Corr

Moving against Aberdeen Mutual Fund

0.62	ATOAX	Alpine Ultra Short	Pair Corr
0.62	ATOIX	Alpine Ultra Short	Pair Corr
0.6	ATOBX	Aberdeen Ultra Short	Pair Corr
0.48	GGUIX	Aberdeen Eq Long	Pair Corr
0.49	GNSRX	Aberdeen Small Cap	Pair Corr
0.49	GSCIX	Aberdeen Small Cap	Pair Corr
0.49	GSXAX	Aberdeen Small Cap	Pair Corr
0.49	GSXCX	Aberdeen Small Cap	Pair Corr
0.49	GSXIX	Aberdeen Small Cap	Pair Corr

Related Correlations Analysis

	CIPMX	EIPIX	MSSGX	TGVVX	PMDDX	HSUAX
CIPMX		0.92	0.95	0.92	0.98	0.91	CIPMX
EIPIX	0.92		0.96	0.89	0.94	0.9	EIPIX
MSSGX	0.95	0.96		0.9	0.95	0.89	MSSGX
TGVVX	0.92	0.89	0.9		0.93	0.98	TGVVX
PMDDX	0.98	0.94	0.95	0.93		0.93	PMDDX
HSUAX	0.91	0.9	0.89	0.98	0.93		HSUAX
	CIPMX	EIPIX	MSSGX	TGVVX	PMDDX	HSUAX

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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
CIPMX	0.66	0.02	0.01	0.14	0.71	(0.70)	1.24	(1.23)	4.05
EIPIX	0.57	0.14	0.10	0.43	0.43	(0.68)	1.26	(0.98)	2.96
MSSGX	1.47	0.38	0.28	0.36	1.17	(1.77)	3.46	(2.26)	7.23
TGVVX	0.72	0.00	0.00	0.12	1.04	(0.67)	1.47	(1.84)	4.86
PMDDX	0.72	0.01	0.03	0.12	0.65	(0.86)	1.61	(1.31)	5.22
HSUAX	0.72	0.05	0.06	0.17	0.71	(0.85)	1.43	(1.41)	4.58

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