Aberden Emerng Correlations
| AEMSX Fund | USD 13.47 0.21 1.54% |
The current 90-days correlation between Aberden Emerng Mrkts and Absolute Convertible Arbitrage is 0.16 (i.e., Average diversification). The correlation of Aberden Emerng 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.
Aberden Emerng Correlation With Market
Modest diversification
The correlation between Aberden Emerng Mrkts 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 Aberden Emerng Mrkts and DJI in the same portfolio, assuming nothing else is changed.
Aberden |
Moving together with Aberden Mutual Fund
| 1.0 | GEGAX | Aberdeen Emerging Markets | PairCorr |
| 1.0 | GEGCX | Aberdeen Emerging Markets | PairCorr |
| 1.0 | GEMRX | Aberdeen Emerging Markets | PairCorr |
| 0.66 | WVCCX | Aberdeen Gbl Small | PairCorr |
| 0.65 | AAHMX | Aberdeen Short Duration | PairCorr |
| 0.88 | ASEMX | Abrdn Em Sma | PairCorr |
| 1.0 | ABEMX | Aberdeen Emerging Markts | PairCorr |
| 0.66 | ABNIX | Aberdeen Global Small | PairCorr |
| 0.68 | ACHMX | Abrdn Short Duration | PairCorr |
| 0.73 | ADAVX | Alpine Dynamic Dividend | PairCorr |
| 0.72 | ADVDX | Alpine Dynamic Dividend | PairCorr |
| 0.75 | GOPRX | Aberdeen China Oppty | PairCorr |
| 0.67 | GOPSX | Aberdeen China Oppty | PairCorr |
| 0.75 | GOPAX | Aberdeen China Oppty | PairCorr |
Related Correlations Analysis
| 0.42 | 0.48 | 0.52 | 0.39 | 0.46 | 0.64 | ARBOX | ||
| 0.42 | 0.88 | 0.86 | 0.72 | 0.99 | 0.8 | PCGYX | ||
| 0.48 | 0.88 | 0.84 | 0.9 | 0.92 | 0.9 | FCSKX | ||
| 0.52 | 0.86 | 0.84 | 0.78 | 0.89 | 0.91 | HICSX | ||
| 0.39 | 0.72 | 0.9 | 0.78 | 0.77 | 0.92 | VICIX | ||
| 0.46 | 0.99 | 0.92 | 0.89 | 0.77 | 0.84 | CICVX | ||
| 0.64 | 0.8 | 0.9 | 0.91 | 0.92 | 0.84 | PBXIX | ||
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Risk-Adjusted Indicators
There is a big difference between Aberden Mutual Fund performing well and Aberden Emerng 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 Aberden Emerng'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ARBOX | 0.06 | 0.00 | 0.00 | (0.10) | 0.00 | 0.09 | 1.33 | |||
| PCGYX | 0.52 | (0.03) | 0.00 | (0.10) | 0.00 | 0.93 | 3.14 | |||
| FCSKX | 0.47 | (0.05) | 0.00 | (0.15) | 0.00 | 0.76 | 2.91 | |||
| HICSX | 0.55 | (0.05) | 0.00 | 1.83 | 0.00 | 1.02 | 3.22 | |||
| VICIX | 0.31 | (0.04) | 0.00 | 3.48 | 0.00 | 0.55 | 2.35 | |||
| CICVX | 0.57 | (0.05) | 0.00 | (0.14) | 0.00 | 0.91 | 3.14 | |||
| PBXIX | 0.38 | (0.03) | 0.00 | (8.65) | 0.00 | 0.72 | 2.90 |