Aberdeen Global Correlations

AGD Fund

USD 10.32 0.04 0.39%

The current 90-days correlation between Aberdeen Global Dynamic and Aberdeen Global Premier is 0.48 (i.e., Very weak 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.

Aberdeen Global Correlation With Market

Very weak diversification

The correlation between Aberdeen Global Dynamic and DJI is 0.42 (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 Dynamic 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 Dynamic. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Aberdeen Fund

0.71	TDF	Templeton Dragon Closed	Pair Corr
0.9	SWZ	Swiss Helvetia Closed	Pair Corr
0.73	EMD	Western Asset Emerging	Pair Corr
0.76	FRIMX	Fidelity Income Repl	Pair Corr
0.88	LGI	Lazard Global Total	Pair Corr
0.82	GLIRX	Goldman Sachs Local	Pair Corr
0.92	VDVIX	Vanguard Developed	Pair Corr
0.79	PIEJX	International Emerging	Pair Corr
0.87	LIFIX	Lord Abbett Inflation	Pair Corr
0.87	SHYPX	American Beacon Sim	Pair Corr
0.81	LEOOX	Lazard Enhanced Oppo	Pair Corr
0.72	WABIX	Wells Fargo Advantage	Pair Corr
0.86	DLSNX	Doubleline Low Duration	Pair Corr
0.84	TEDTX	Tiaa Cref Emerging	Pair Corr
0.87	TWIEX	International Growth	Pair Corr
0.73	MRSHX	Mfs Research Interna	Pair Corr
0.8	MDIKX	Mfs International	Pair Corr
0.81	BHYSX	Blackrock Hi Yld	Pair Corr
0.96	RBNAX	Robinson Opportunistic	Pair Corr
0.87	TIILX	Tiaa Cref Inflation	Pair Corr
0.77	PRRIX	Real Return Fund	Pair Corr
0.84	MCSRX	Mfs Modity Strategy	Pair Corr
0.84	DBIWX	Dws Global Macro	Pair Corr
0.79	URSBX	Short Term Bond	Pair Corr
0.63	BILDX	Doubleline Infrastructure	Pair Corr
0.69	LEADX	Domini International	Pair Corr
0.76	RSDIX	Rbc Short Duration	Pair Corr
0.73	HERAX	Hartford Emerging Markets	Pair Corr
0.87	PYCIX	Payden Emerging Markets	Pair Corr
0.84	CYBAX	Calvert High Yield	Pair Corr
0.74	PSHCX	Pioneer Short Term	Pair Corr
0.66	SNGYX	Sit Government Securities	Pair Corr

Moving against Aberdeen Fund

0.38

IFN

India Closed

Pair Corr

Related Correlations Analysis

	BCX	AOD	BDJ	IGR	AWP	GDV	ASGI	AIF	AEF	DMF
BCX		0.68	0.84	0.75	0.66	0.78	0.57	0.0	0.21	0.57	BCX
AOD	0.68		0.88	0.44	0.36	0.8	0.19	0.0	0.69	0.18	AOD
BDJ	0.84	0.88		0.72	0.66	0.88	0.51	0.0	0.42	0.44	BDJ
IGR	0.75	0.44	0.72		0.97	0.8	0.92	0.0	0.03	0.77	IGR
AWP	0.66	0.36	0.66	0.97		0.73	0.95	0.0	-0.06	0.77	AWP
GDV	0.78	0.8	0.88	0.8	0.73		0.59	0.0	0.5	0.62	GDV
ASGI	0.57	0.19	0.51	0.92	0.95	0.59		0.0	-0.22	0.76	ASGI
AIF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	AIF
AEF	0.21	0.69	0.42	0.03	-0.06	0.5	-0.22	0.0		-0.08	AEF
DMF	0.57	0.18	0.44	0.77	0.77	0.62	0.76	0.0	-0.08		DMF
	BCX	AOD	BDJ	IGR	AWP	GDV	ASGI	AIF	AEF	DMF

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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

AWP	+ 0.97	IGR
ASGI	+ 0.95	AWP
ASGI	+ 0.92	IGR
BDJ	+ 0.88	AOD
GDV	+ 0.88	BDJ
BDJ	+ 0.84	BCX

High negative correlations

AEF	- 0.22	ASGI
DMF	- 0.08	AEF
AEF	- 0.06	AWP
DMF	- 0.0	AIF
AEF	- 0.0	AIF
AIF	- 0.0	ASGI

Risk-Adjusted Indicators

There is a big difference between Aberdeen Fund performing well and Aberdeen Global 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
BCX	0.83	(0.01)	(0.01)	(0.01)	1.07	(0.83)	1.55	(1.62)	4.26
AOD	0.57	0.04	0.06	0.12	0.63	(0.64)	1.30	(0.96)	3.12
BDJ	0.70	(0.01)	(0.01)	(0.01)	0.85	(0.86)	1.62	(1.13)	4.41
IGR	1.04	(0.03)	0.00	(0.02)	0.00	0.00	2.11	(2.70)	8.43
AWP	0.83	(0.05)	0.00	(0.10)	0.00	0.00	1.81	(1.55)	7.06
GDV	0.60	0.01	0.01	0.03	0.80	(0.59)	1.12	(1.04)	3.75
ASGI	0.76	(0.07)	0.00	(0.16)	0.00	0.00	1.65	(1.79)	4.36
AIF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AEF	0.84	0.04	0.03	0.13	1.23	(0.85)	1.56	(2.26)	7.65
DMF	0.52	(0.01)	(0.01)	(0.04)	0.67	(0.55)	1.27	(1.12)	3.08

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