Aberden Emerng Correlations

AEMSX Fund

USD 13.88 0.04 0.29%

The current 90-days correlation between Aberden Emerng Mrkts and Msift High Yield is 0.43 (i.e., Very weak 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

Very weak diversification

The correlation between Aberden Emerng Mrkts and DJI is 0.4 (i.e., Very weak 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.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aberden Emerng Mrkts. 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 state.

Moving together with Aberden Mutual Fund

1.0	GEGAX	Aberdeen Emerging Markets	Pair Corr
1.0	GEGCX	Aberdeen Emerging Markets	Pair Corr
1.0	GEMRX	Aberdeen Emerging Markets	Pair Corr
0.69	WVCCX	Aberdeen Gbl Small	Pair Corr
0.75	ASEMX	Abrdn Em Sma	Pair Corr
1.0	ABEMX	Aberdeen Emerging Markts	Pair Corr
0.69	ABNIX	Aberdeen Global Small	Pair Corr
0.72	ADAVX	Alpine Dynamic Dividend	Pair Corr
0.71	ADVDX	Alpine Dynamic Dividend	Pair Corr
0.75	GOPRX	Aberdeen China Oppty	Pair Corr
0.66	GOPSX	Aberdeen China Oppty	Pair Corr
0.74	GOPAX	Aberdeen China Oppty	Pair Corr
0.75	GOPCX	Aberdeen China Oppty	Pair Corr
0.74	GOPIX	Aberdeen China Oppty	Pair Corr

Related Correlations Analysis

	MRHYX	AGDZX	PBHAX	SGYAX	VRHYX	AHYMX
MRHYX		0.92	0.89	0.91	0.95	0.8	MRHYX
AGDZX	0.92		0.98	0.99	0.98	0.91	AGDZX
PBHAX	0.89	0.98		0.98	0.96	0.9	PBHAX
SGYAX	0.91	0.99	0.98		0.97	0.88	SGYAX
VRHYX	0.95	0.98	0.96	0.97		0.9	VRHYX
AHYMX	0.8	0.91	0.9	0.88	0.9		AHYMX
	MRHYX	AGDZX	PBHAX	SGYAX	VRHYX	AHYMX

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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
MRHYX	0.12	0.00	0.28	(0.07)	0.14	(0.17)	0.24	(0.24)	0.95
AGDZX	0.14	0.01	0.31	0.04	0.09	(0.24)	0.43	(0.28)	1.01
PBHAX	0.16	0.02	0.30	0.16	0.04	(0.30)	0.41	(0.21)	1.26
SGYAX	0.16	0.02	0.30	0.09	0.10	(0.26)	0.56	(0.28)	1.57
VRHYX	0.15	0.00	0.21	(0.02)	0.15	(0.33)	0.26	(0.26)	1.30
AHYMX	0.12	0.00	0.29	(0.08)	0.13	(0.18)	0.22	(0.33)	0.76

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Aberden Emerng Correlations

Aberden Emerng Correlation With Market

Very weak diversification

Moving together with Aberden Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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