Aberdeen Global Correlations

Mutual Funds . USA . 
Fund . Aberdeen Global Unconstrained
CUGAX Fund  USD 8.41  0.02  0.24%   
The current 90-days correlation between Aberdeen Global Unco and Madison Diversified Income is 0.5 (i.e., Very weak 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 Unconstrained and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Global Unconstrained 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 Unconstrained. 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 nation.

Moving together with Aberdeen Mutual Fund

  1.0CGFIX Aberdeen Global FixedPairCorr
  0.7WVCCX Aberdeen Gbl SmallPairCorr
  0.8NTFAX Aberdeen Tax FreePairCorr
  0.86AAHMX Aberdeen Short DurationPairCorr
  0.83ABESX Aberdeen Tax FreePairCorr
  0.83ABEIX Aberdeen Tax FreePairCorr
  0.71ABNIX Aberdeen Global SmallPairCorr
  0.76ATOAX Alpine Ultra ShortPairCorr
  0.8ATOBX Aberdeen Ultra ShortPairCorr
  0.78ATOIX Alpine Ultra ShortPairCorr
  0.78ACHMX Abrdn Short DurationPairCorr
  0.71ADAVX Alpine Dynamic DividendPairCorr
  0.72ADVDX Alpine Dynamic DividendPairCorr
  0.85BJBHX Aberdeen Global HighPairCorr
  0.86JHYIX Aberdeen Global HighPairCorr
  1.0AGCIX Aberdeen Global UncoPairCorr
  0.68GOPRX Aberdeen China OpptyPairCorr
  0.74GOPSX Aberdeen China OpptyPairCorr
  0.68GOPAX Aberdeen China OpptyPairCorr
  0.68GOPCX Aberdeen China OpptyPairCorr
  0.69GOPIX Aberdeen China OpptyPairCorr

Moving against Aberdeen Mutual Fund

  0.62GLLCX Aberdeen Gbl EqPairCorr
  0.61GWLRX Aberdeen Gbl EqPairCorr
  0.61GLLAX Aberdeen Gbl EqPairCorr
  0.6GWLIX Aberdeen Gbl EqPairCorr
  0.6GLLSX Aberdeen Global EqutyPairCorr
  0.48GXXAX Aberdeen Equity APairCorr
  0.48GXXIX Aberdeen Equity InstlPairCorr
  0.48GGLIX Aberdeen Multi CapPairCorr
  0.45STK Columbia Seligman PremiumPairCorr
  0.42GXXCX Aberdeen Multi CapPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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