Abrdn Emerging Correlations

AEF Fund

USD 5.36 0.03 0.56%

The current 90-days correlation between Abrdn Emerging Markets and DWS Municipal Income is 0.2 (i.e., Modest 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

Modest diversification

The correlation between Abrdn Emerging Markets and DJI is 0.21 (i.e., Modest 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

0.8	V	Visa Class A	Pair Corr
0.65	AC	Associated Capital	Pair Corr
0.74	DB	Deutsche Bank AG Normal Trading	Pair Corr
0.77	DX	Dynex Capital	Pair Corr
0.7	GS	Goldman Sachs Group	Pair Corr
0.8	LX	Lexinfintech Holdings Upward Rally	Pair Corr
0.79	MA	Mastercard	Pair Corr
0.77	RM	Regional Management Corp	Pair Corr
0.64	DMYY	dMY Squared Technology	Pair Corr
0.67	DOMH	Dominari Holdings	Pair Corr
0.72	GCMGW	GCM Grosvenor	Pair Corr
0.68	DYCQ	DT Cloud Acquisition	Pair Corr
0.71	EMCGU	Embrace Change Acqui	Pair Corr

Moving against Abrdn Fund

0.56	DHIL	Diamond Hill Investment	Pair Corr
0.46	LC	LendingClub Corp	Pair Corr
0.39	BX	Blackstone Group	Pair Corr
0.57	TW	Tradeweb Markets	Pair Corr
0.5	WD	Walker Dunlop	Pair Corr
0.5	WT	WisdomTree	Pair Corr
0.63	VRTS	Virtus Investment	Pair Corr
0.55	LGHLW	Lion Financial Group	Pair Corr

Related Correlations Analysis

	KTF	AMK	MUI	MYD	AHFCF	AMTPQ	BLRZF	AZIHF	AZIHY	MHD
KTF		0.0	0.49	0.95	-0.08	0.78	0.0	-0.07	0.0	0.87	KTF
AMK	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AMK
MUI	0.49	0.0		0.44	0.45	0.7	0.0	0.01	0.0	0.37	MUI
MYD	0.95	0.0	0.44		-0.02	0.8	0.0	-0.06	0.0	0.92	MYD
AHFCF	-0.08	0.0	0.45	-0.02		0.45	0.0	-0.46	0.0	-0.23	AHFCF
AMTPQ	0.78	0.0	0.7	0.8	0.45		0.0	-0.25	0.0	0.6	AMTPQ
BLRZF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	BLRZF
AZIHF	-0.07	0.0	0.01	-0.06	-0.46	-0.25	0.0		0.0	0.07	AZIHF
AZIHY	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	AZIHY
MHD	0.87	0.0	0.37	0.92	-0.23	0.6	0.0	0.07	0.0		MHD
	KTF	AMK	MUI	MYD	AHFCF	AMTPQ	BLRZF	AZIHF	AZIHY	MHD

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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

MYD	+ 0.95	KTF
MHD	+ 0.92	MYD
MHD	+ 0.87	KTF
AMTPQ	+ 0.8	MYD
AMTPQ	+ 0.78	KTF
AMTPQ	+ 0.7	MUI

High negative correlations

AZIHF	- 0.46	AHFCF
AZIHF	- 0.25	AMTPQ
MHD	- 0.23	AHFCF
AHFCF	- 0.08	KTF
AZIHF	- 0.07	KTF
AZIHF	- 0.06	MYD

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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
KTF	0.35	(0.01)	0.00	(0.10)	0.00	0.00	0.75	(0.94)	2.23
AMK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MUI	0.46	(0.03)	0.00	0.30	0.00	0.00	0.73	(1.40)	3.95
MYD	0.50	(0.03)	0.00	(0.15)	0.00	0.00	0.97	(1.07)	3.34
AHFCF	0.44	(0.24)	0.00	(0.93)	0.00	0.00	0.00	0.00	13.33
AMTPQ	2.79	(1.42)	0.00	16.39	0.00	0.00	0.00	0.00	93.33
BLRZF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AZIHF	1.79	0.08	0.01	(1.24)	2.72	(5.47)	7.72	(7.18)	23.04
AZIHY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MHD	0.55	0.01	0.02	0.06	0.74	(0.50)	1.14	(1.06)	2.79

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