Abrdn Emerging Correlations

AEF Fund

USD 5.19 0.03 0.58%

The current 90-days correlation between Abrdn Emerging Markets and DWS Municipal Income is 0.12 (i.e., Average diversification). The correlation of Abrdn Emerging 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 Emerging Correlation With Market

Weak diversification

The correlation between Abrdn Emerging Markets and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Abrdn Emerging Markets 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 Abrdn Emerging Markets. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Abrdn Fund

0.64	AC	Associated Capital	Pair Corr
0.8	BN	Brookfield Corp	Pair Corr
0.79	GS	Goldman Sachs Group	Pair Corr
0.68	MC	Moelis Normal Trading	Pair Corr
0.78	MS	Morgan Stanley	Pair Corr
0.64	PX	P10 Inc	Pair Corr
0.76	QD	Qudian Inc	Pair Corr
0.78	RM	Regional Management Corp Normal Trading	Pair Corr
0.65	SF	Stifel Financial	Pair Corr
0.78	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.74	VINP	Vinci Partners Inves	Pair Corr

Moving against Abrdn Fund

0.54	TW	Tradeweb Markets	Pair Corr
0.39	DYCQ	DT Cloud Acquisition	Pair Corr

Related Correlations Analysis

	KTF	AMK	MUI	MYD	AHFCF	AMTPQ	BLRZF	AZIHF	AZIHY	MHD
KTF		0.0	-0.51	0.88	-0.59	0.2	0.0	0.3	0.0	0.82	KTF
AMK	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AMK
MUI	-0.51	0.0		-0.64	0.71	-0.02	0.0	-0.42	0.0	-0.58	MUI
MYD	0.88	0.0	-0.64		-0.62	0.29	0.0	0.42	0.0	0.95	MYD
AHFCF	-0.59	0.0	0.71	-0.62		0.19	0.0	-0.18	0.0	-0.57	AHFCF
AMTPQ	0.2	0.0	-0.02	0.29	0.19		0.0	0.18	0.0	0.23	AMTPQ
BLRZF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	BLRZF
AZIHF	0.3	0.0	-0.42	0.42	-0.18	0.18	0.0		0.0	0.46	AZIHF
AZIHY	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	AZIHY
MHD	0.82	0.0	-0.58	0.95	-0.57	0.23	0.0	0.46	0.0		MHD
	KTF	AMK	MUI	MYD	AHFCF	AMTPQ	BLRZF	AZIHF	AZIHY	MHD

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

MHD	+ 0.95	MYD
MYD	+ 0.88	KTF
MHD	+ 0.82	KTF
AHFCF	+ 0.71	MUI
MHD	+ 0.46	AZIHF
AZIHF	+ 0.42	MYD

High negative correlations

MYD	- 0.64	MUI
AHFCF	- 0.62	MYD
AHFCF	- 0.59	KTF
MHD	- 0.58	MUI
MHD	- 0.57	AHFCF
MUI	- 0.51	KTF

Risk-Adjusted Indicators

There is a big difference between Abrdn Fund performing well and Abrdn Emerging 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 Emerging'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
KTF	0.36	(0.04)	(0.53)	0.75	(0.95)	2.76
AMK	0.00	0.00	0.00	0.00	0.00	0.00
MUI	0.46	(0.03)	(0.30)	0.73	(1.40)	3.95
MYD	0.47	(0.04)	(0.30)	0.97	(1.06)	2.63
AHFCF	0.40	(0.22)	1.87	0.00	0.00	13.33
AMTPQ	2.79	(1.11)	(0.31)	0.00	0.00	93.33
BLRZF	0.00	0.00	0.00	0.00	0.00	0.00
AZIHF	1.34	(0.09)	0.12	7.11	(6.09)	23.04
AZIHY	0.00	0.00	0.00	0.00	0.00	0.00
MHD	0.50	(0.03)	(0.32)	0.94	(1.03)	2.80

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC