Abrdn Bloomberg Correlations

BCD Etf

USD 33.70 0.18 0.53%

The current 90-days correlation between abrdn Bloomberg All and abrdn Bloomberg All is 0.96 (i.e., Almost no diversification). The correlation of Abrdn Bloomberg 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.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in abrdn Bloomberg All. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Abrdn Etf

0.87	PDBC	Invesco Optimum Yield	Pair Corr
0.98	FTGC	First Trust Global	Pair Corr
0.87	DBC	Invesco DB Commodity	Pair Corr
0.68	COMT	iShares GSCI Commodity	Pair Corr
0.69	GSG	iShares SP GSCI	Pair Corr
1.0	DJP	iPath Bloomberg Commodity	Pair Corr
1.0	BCI	abrdn Bloomberg All	Pair Corr
1.0	CMDY	iShares Bloomberg Roll	Pair Corr
1.0	COMB	GraniteShares Bloomberg	Pair Corr
0.76	GCC	WisdomTree Continuous	Pair Corr
0.62	BND	Vanguard Total Bond	Pair Corr
0.84	VEA	Vanguard FTSE Developed	Pair Corr
0.87	GDXU	MicroSectors Gold Miners	Pair Corr
0.63	INTC	Intel	Pair Corr
0.72	KO	Coca Cola	Pair Corr
0.77	IBM	International Business	Pair Corr
0.69	XOM	Exxon Mobil Corp	Pair Corr
0.78	CSCO	Cisco Systems	Pair Corr
0.87	MMM	3M Company	Pair Corr

Moving against Abrdn Etf

0.37	VUG	Vanguard Growth Index	Pair Corr
0.69	MSFT	Microsoft	Pair Corr
0.5	AA	Alcoa Corp	Pair Corr
0.48	DIS	Walt Disney	Pair Corr
0.4	CAT	Caterpillar	Pair Corr
0.34	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	BCI	CMDY	COMB	COMT	COM
BCI		1.0	1.0	0.72	0.92	BCI
CMDY	1.0		1.0	0.69	0.9	CMDY
COMB	1.0	1.0		0.71	0.91	COMB
COMT	0.72	0.69	0.71		0.74	COMT
COM	0.92	0.9	0.91	0.74		COM
	BCI	CMDY	COMB	COMT	COM

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Abrdn Bloomberg Constituents Risk-Adjusted Indicators

There is a big difference between Abrdn Etf performing well and Abrdn Bloomberg 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 Abrdn Bloomberg'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
BCI	0.51	0.11	0.29	(15.83)	0.44	(0.58)	1.37	(0.96)	4.12
CMDY	0.47	0.12	0.31	(6.70)	0.34	(0.52)	1.25	(0.99)	4.02
COMB	0.52	0.11	0.30	16.58	0.37	(0.65)	1.31	(0.85)	4.12
COMT	0.53	0.05	0.17	0.67	0.56	(0.62)	0.95	(1.05)	4.54
COM	0.40	0.03	0.19	0.89	0.44	(0.43)	0.95	(0.88)	2.64

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Abrdn Bloomberg Correlations

Moving together with Abrdn Etf

Moving against Abrdn Etf

Related Correlations Analysis

Abrdn Bloomberg Constituents Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY