Aberdeen New Correlations

ANII Etf

736.00 8.00 1.10%

The current 90-days correlation between Aberdeen New India and CT Private Equity is 0.12 (i.e., Average diversification). The correlation of Aberdeen New 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.

The ability to find closely correlated positions to Aberdeen New could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aberdeen New when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Aberdeen New - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Aberdeen New India to buy it.

Moving together with Aberdeen Etf

0.85	USA	Baillie Gifford Growth	Pair Corr
0.8	EWI	Edinburgh Worldwide	Pair Corr

Moving against Aberdeen Etf

0.93	CSH2	Multi Units Luxembourg	Pair Corr
0.9	EMLI	PIMCO Emerging Markets	Pair Corr
0.9	XD5D	db x trackers	Pair Corr
0.89	EUXS	iShares MSCI Europe	Pair Corr
0.88	KWEB	KraneShares CSI China	Pair Corr
0.87	NGAS	WisdomTree Natural Gas	Pair Corr
0.84	CORP	iShares Global Corp	Pair Corr
0.83	FHYG	Fidelity Sustainable	Pair Corr
0.81	XZ2G	Xtrackers ESG USD	Pair Corr
0.8	BUYB	Invesco Global Buyback	Pair Corr
0.79	GEDV	SPDR SP Global	Pair Corr
0.75	FLXB	Franklin FTSE Brazil	Pair Corr
0.73	TAHY	Tabula Haitong Asia	Pair Corr
0.71	3SME	GraniteShares 3x Short	Pair Corr
0.7	ESGP	AuAg ESG Gold	Pair Corr
0.67	BRLA	BlackRock Latin American Earnings Call Tomorrow	Pair Corr
0.57	ANRJ	Amundi ETF MSCI	Pair Corr
0.56	3SPP	GraniteShares 3x Short	Pair Corr
0.54	J15R	JPMorgan ETFs Ireland	Pair Corr
0.44	GMP	Gabelli Merger Plus Earnings Call This Week	Pair Corr
0.32	COPX	Global X Copper	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.04	0.59	-0.54	0.32	0.42	0.26	0.9	-0.75	-0.01	META
MSFT	-0.04		-0.62	0.09	-0.79	0.69	0.89	0.1	0.44	-0.52	MSFT
UBER	0.59	-0.62		-0.35	0.8	-0.25	-0.53	0.53	-0.85	0.54	UBER
F	-0.54	0.09	-0.35		-0.05	-0.04	-0.08	-0.39	0.56	0.31	F
T	0.32	-0.79	0.8	-0.05		-0.57	-0.71	0.17	-0.65	0.58	T
A	0.42	0.69	-0.25	-0.04	-0.57		0.79	0.62	0.1	-0.3	A
CRM	0.26	0.89	-0.53	-0.08	-0.71	0.79		0.33	0.24	-0.58	CRM
JPM	0.9	0.1	0.53	-0.39	0.17	0.62	0.33		-0.63	0.07	JPM
MRK	-0.75	0.44	-0.85	0.56	-0.65	0.1	0.24	-0.63		-0.31	MRK
XOM	-0.01	-0.52	0.54	0.31	0.58	-0.3	-0.58	0.07	-0.31		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

JPM	+ 0.9	META
CRM	+ 0.89	MSFT
T	+ 0.8	UBER
CRM	+ 0.79	A
A	+ 0.69	MSFT
JPM	+ 0.62	A

High negative correlations

MRK	- 0.85	UBER
T	- 0.79	MSFT
MRK	- 0.75	META
CRM	- 0.71	T
MRK	- 0.65	T
MRK	- 0.63	JPM

Aberdeen New Competition Risk-Adjusted Indicators

There is a big difference between Aberdeen Etf performing well and Aberdeen New ETF 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 New'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
META	1.59	0.02	0.00	(0.05)	0.00	0.00	2.57	(3.73)	8.90
MSFT	1.12	(0.15)	0.00	(0.28)	0.00	0.00	2.58	(2.14)	10.31
UBER	1.88	0.41	0.19	0.74	2.06	(2.04)	4.72	(3.13)	12.75
F	1.47	0.07	0.03	0.00	2.22	(1.39)	2.71	(2.89)	10.14
T	1.04	0.26	0.16	0.40	1.61	(1.11)	1.90	(1.75)	11.66
A	1.15	(0.15)	0.00	(0.23)	0.00	0.00	2.92	(2.59)	9.03
CRM	1.38	(0.27)	0.00	(0.31)	0.00	0.00	2.72	(3.81)	8.88
JPM	1.10	0.09	0.05	0.02	1.74	(1.04)	1.99	(3.35)	6.85
MRK	1.17	(0.11)	0.00	1.52	0.00	0.00	2.07	(1.80)	11.58
XOM	1.06	0.11	0.10	0.17	1.39	(1.08)	2.55	(2.36)	5.89

Be your own money manager

Our tools can tell you how much better you can do entering a position in Aberdeen New without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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