Aberdeen Total Correlations

AOD Fund

USD 8.66 0.04 0.46%

The current 90-days correlation between Aberdeen Total Dynamic and Aberdeen Global Premier is 0.59 (i.e., Very weak diversification). The correlation of Aberdeen Total 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 Total Correlation With Market

Poor diversification

The correlation between Aberdeen Total Dynamic and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Total 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 Total 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 persons.

Moving together with Aberdeen Fund

0.8	VTISX	Vanguard Total Inter	Pair Corr
0.8	VTSNX	Vanguard Total Inter	Pair Corr
0.8	VTPSX	Vanguard Total Inter	Pair Corr
0.76	ARBOX	Absolute Convertible	Pair Corr
0.76	EBSIX	Campbell Systematic Macro	Pair Corr
0.91	DBIWX	Dws Global Macro	Pair Corr
0.79	GIOIX	Guggenheim Macro Opp	Pair Corr
0.9	HWACX	Hotchkis Wiley Value	Pair Corr
0.8	DLDFX	Destinations Low Duration	Pair Corr
0.62	HRBDX	Harbor Bond Fund	Pair Corr
0.73	ABNOX	Ab Bond Inflation	Pair Corr
0.65	VICSX	Vanguard Intermediate-ter	Pair Corr
0.72	EMBAX	Unconstrained Emerging	Pair Corr
0.94	RXRPX	American Funds Retirement	Pair Corr
0.86	PGLSX	Global Multi Strategy	Pair Corr
0.75	SGDLX	Sprott Gold Equity	Pair Corr
0.88	HTD	John Hancock Tax	Pair Corr
0.8	UTF	Cohen And Steers	Pair Corr
0.7	BISMX	Brandes International	Pair Corr

Related Correlations Analysis

	AWP	AFB	FIF	ASGI	AGD	BCX	BDJ	IGR	BGR	BCAT
AWP		0.79	0.0	0.61	0.76	0.49	0.81	0.82	0.59	0.82	AWP
AFB	0.79		0.0	0.54	0.7	0.32	0.7	0.78	0.45	0.68	AFB
FIF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	FIF
ASGI	0.61	0.54	0.0		0.8	0.68	0.69	0.85	0.55	0.42	ASGI
AGD	0.76	0.7	0.0	0.8		0.75	0.95	0.9	0.78	0.7	AGD
BCX	0.49	0.32	0.0	0.68	0.75		0.75	0.71	0.89	0.58	BCX
BDJ	0.81	0.7	0.0	0.69	0.95	0.75		0.88	0.81	0.78	BDJ
IGR	0.82	0.78	0.0	0.85	0.9	0.71	0.88		0.67	0.73	IGR
BGR	0.59	0.45	0.0	0.55	0.78	0.89	0.81	0.67		0.68	BGR
BCAT	0.82	0.68	0.0	0.42	0.7	0.58	0.78	0.73	0.68		BCAT
	AWP	AFB	FIF	ASGI	AGD	BCX	BDJ	IGR	BGR	BCAT

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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

BDJ	+ 0.95	AGD
IGR	+ 0.9	AGD
BGR	+ 0.89	BCX
IGR	+ 0.88	BDJ
IGR	+ 0.85	ASGI
IGR	+ 0.82	AWP

High negative correlations

BCAT	- 0.0	FIF
BGR	- 0.0	FIF
IGR	- 0.0	FIF
BDJ	- 0.0	FIF
BCX	- 0.0	FIF
AGD	- 0.0	FIF

Risk-Adjusted Indicators

There is a big difference between Aberdeen Fund performing well and Aberdeen Total 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 Total'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
AWP	0.88	(0.01)	0.00	(0.09)	0.00	0.00	1.84	(1.50)	6.15
AFB	0.40	(0.03)	0.00	(0.44)	0.00	0.00	0.65	(1.07)	2.58
FIF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ASGI	0.74	0.06	0.09	0.06	1.04	(0.71)	1.65	(1.79)	4.36
AGD	0.73	0.10	0.13	0.11	0.89	(0.74)	1.70	(1.38)	4.55
BCX	0.93	0.11	0.11	0.09	1.12	(0.95)	1.71	(1.56)	3.48
BDJ	0.73	0.08	0.11	0.05	0.83	(0.82)	1.63	(1.39)	3.50
IGR	0.96	0.04	0.03	(0.01)	1.74	(0.86)	1.91	(2.50)	6.44
BGR	0.78	0.10	0.14	0.14	0.84	(0.84)	1.50	(1.33)	4.09
BCAT	0.62	(0.03)	0.00	(0.13)	0.00	0.00	1.14	(1.46)	4.22

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