Aberdeen Global Correlations

Mutual Funds . USA . 
Fund . Aberdeen Global High
BJBHX Fund  USD 7.79  0.01  0.13%   
The current 90-days correlation between Aberdeen Global High and Metropolitan West High is 0.22 (i.e., Modest 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Aberdeen Global Correlation With Market

Modest diversification

The correlation between Aberdeen Global High and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Global High 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 High. 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 rate.

Moving together with Aberdeen Mutual Fund

  0.77STK Columbia Seligman PremiumPairCorr
  0.77GXXAX Aberdeen Equity APairCorr
  0.76GXXCX Aberdeen Multi CapPairCorr
  0.77GXXIX Aberdeen Equity InstlPairCorr
  0.77GGLIX Aberdeen Multi CapPairCorr
  0.73GGUIX Aberdeen Eq LongPairCorr
  0.64AAHMX Aberdeen Short DurationPairCorr
  0.68ATOAX Alpine Ultra ShortPairCorr
  0.68ATOBX Aberdeen Ultra ShortPairCorr
  0.68ATOIX Alpine Ultra ShortPairCorr
  0.99JHYIX Aberdeen Global HighPairCorr
  0.71GNSRX Aberdeen Small CapPairCorr
  0.61GOPRX Aberdeen China OpptyPairCorr
  0.61GOPSX Aberdeen China OpptyPairCorr
  0.61GOPAX Aberdeen China OpptyPairCorr

Related Correlations Analysis

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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   
FMIHX
+ 0.86
EXEYX
LSBRX
+ 0.77
MWHYX
LSBRX
+ 0.47
WTIBX
FMIHX
+ 0.4
MWHYX
EXEYX
+ 0.32
MWHYX
FMIHX
+ 0.26
LSBRX
  
High negative correlations   
EXEYX
- 0.63
WTIBX
FMIHX
- 0.41
WTIBX

Risk-Adjusted Indicators

There is a big difference between Aberdeen Mutual Fund performing well and Aberdeen Global 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 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.

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