Aberdeen Global Correlations

CGFIX Fund

USD 8.53 0.02 0.23%

The current 90-days correlation between Aberdeen Global Fixed and United Kingdom Small is 0.12 (i.e., Average 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 Fixed and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Global Fixed 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 Fixed. 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 gross domestic product.

Moving together with Aberdeen Mutual Fund

0.81	NTFAX	Aberdeen Tax Free	Pair Corr
0.84	AAHMX	Aberdeen Short Duration	Pair Corr
0.84	ABESX	Aberdeen Tax Free	Pair Corr
0.79	ABEIX	Aberdeen Tax Free	Pair Corr
0.63	ATOAX	Alpine Ultra Short	Pair Corr
0.85	ATOBX	Aberdeen Ultra Short	Pair Corr
0.67	ATOIX	Alpine Ultra Short	Pair Corr
0.78	ACHMX	Abrdn Short Duration	Pair Corr
0.74	BJBHX	Aberdeen Global High	Pair Corr
0.73	JHYIX	Aberdeen Global High	Pair Corr
0.92	AGCIX	Aberdeen Global Unco	Pair Corr
0.71	GOPRX	Aberdeen China Oppty	Pair Corr
0.78	GOPSX	Aberdeen China Oppty	Pair Corr
0.71	GOPAX	Aberdeen China Oppty	Pair Corr
0.71	GOPCX	Aberdeen China Oppty	Pair Corr
0.71	GOPIX	Aberdeen China Oppty	Pair Corr

Moving against Aberdeen Mutual Fund

0.64	GLLCX	Aberdeen Gbl Eq	Pair Corr
0.6	GWLIX	Aberdeen Gbl Eq	Pair Corr
0.6	GWLRX	Aberdeen Gbl Eq	Pair Corr
0.6	GLLAX	Aberdeen Gbl Eq	Pair Corr
0.6	GLLSX	Aberdeen Global Equty	Pair Corr
0.5	GXXAX	Aberdeen Equity A	Pair Corr
0.5	GXXIX	Aberdeen Equity Instl	Pair Corr
0.5	GGLIX	Aberdeen Multi Cap	Pair Corr
0.48	STK	Columbia Seligman Premium	Pair Corr
0.44	GXXCX	Aberdeen Multi Cap	Pair Corr
0.34	GSXCX	Aberdeen Small Cap	Pair Corr
0.33	GSXAX	Aberdeen Small Cap	Pair Corr

Related Correlations Analysis

	DFUKX	SECAX	LMBMX	CMPAX	QSERX	GLVIX	CCMSX
DFUKX		-0.13	-0.2	-0.2	-0.09	0.18	0.0	DFUKX
SECAX	-0.13		0.96	0.94	0.96	0.64	0.0	SECAX
LMBMX	-0.2	0.96		0.96	0.96	0.69	0.0	LMBMX
CMPAX	-0.2	0.94	0.96		0.9	0.72	0.0	CMPAX
QSERX	-0.09	0.96	0.96	0.9		0.63	0.0	QSERX
GLVIX	0.18	0.64	0.69	0.72	0.63		0.0	GLVIX
CCMSX	0.0	0.0	0.0	0.0	0.0	0.0		CCMSX
	DFUKX	SECAX	LMBMX	CMPAX	QSERX	GLVIX	CCMSX

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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

LMBMX	+ 0.96	SECAX
QSERX	+ 0.96	SECAX
CMPAX	+ 0.96	LMBMX
QSERX	+ 0.96	LMBMX
CMPAX	+ 0.94	SECAX
QSERX	+ 0.9	CMPAX

High negative correlations

CMPAX	- 0.2	DFUKX
LMBMX	- 0.2	DFUKX
SECAX	- 0.13	DFUKX
QSERX	- 0.09	DFUKX
CCMSX	- 0.0	GLVIX
CCMSX	- 0.0	QSERX

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.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
DFUKX	0.80	(0.04)	0.12	1.96	(2.04)	6.05
SECAX	1.09	(0.22)	(0.26)	1.84	(2.57)	11.41
LMBMX	1.08	(0.16)	(0.17)	2.03	(2.70)	5.60
CMPAX	0.78	(0.09)	(0.14)	1.21	(1.63)	3.50
QSERX	1.18	(0.24)	(0.19)	1.89	(2.52)	11.52
GLVIX	0.93	(0.03)	(0.07)	1.52	(2.12)	5.60
CCMSX	0.00	0.00	0.00	0.00	0.00	0.00

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