Aberdeen Global Correlations

FCO Stock

USD 6.14 0.04 0.66%

The current 90-days correlation between Aberdeen Global IF and Aberdeen Australia Ef is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aberdeen Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aberdeen Global IF moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Aberdeen Global Correlation With Market

Significant diversification

The correlation between Aberdeen Global IF and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Global IF and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Aberdeen Global IF. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Aberdeen Stock

0.66	ZTLLF	Zonetail	Pair Corr
0.75	NSFDF	NXT Energy Solutions Earnings Call This Week	Pair Corr
0.65	JNJ	Johnson Johnson	Pair Corr
0.75	GE	GE Aerospace	Pair Corr

Moving against Aberdeen Stock

0.33

HPQ

HP Inc

Pair Corr

Related Correlations Analysis

	IAF	EMD	IGR	DHY	JEQ	NDP	EEA	GF	EDF	VGI
IAF		0.15	0.1	-0.26	-0.53	0.0	-0.23	-0.55	-0.02	-0.16	IAF
EMD	0.15		0.84	0.51	0.51	0.0	0.83	0.63	0.8	0.87	EMD
IGR	0.1	0.84		0.53	0.46	0.0	0.88	0.67	0.81	0.88	IGR
DHY	-0.26	0.51	0.53		0.46	0.0	0.64	0.58	0.39	0.63	DHY
JEQ	-0.53	0.51	0.46	0.46		0.0	0.69	0.88	0.54	0.6	JEQ
NDP	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	NDP
EEA	-0.23	0.83	0.88	0.64	0.69	0.0		0.9	0.84	0.93	EEA
GF	-0.55	0.63	0.67	0.58	0.88	0.0	0.9		0.7	0.8	GF
EDF	-0.02	0.8	0.81	0.39	0.54	0.0	0.84	0.7		0.84	EDF
VGI	-0.16	0.87	0.88	0.63	0.6	0.0	0.93	0.8	0.84		VGI
	IAF	EMD	IGR	DHY	JEQ	NDP	EEA	GF	EDF	VGI

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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

VGI	+ 0.93	EEA
GF	+ 0.9	EEA
EEA	+ 0.88	IGR
VGI	+ 0.88	IGR
GF	+ 0.88	JEQ
VGI	+ 0.87	EMD

High negative correlations

GF	- 0.55	IAF
JEQ	- 0.53	IAF
DHY	- 0.26	IAF
EEA	- 0.23	IAF
VGI	- 0.16	IAF
EDF	- 0.02	IAF

Risk-Adjusted Indicators

There is a big difference between Aberdeen Stock performing well and Aberdeen Global Company 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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
IAF	0.73	(0.04)	0.00	(0.35)	0.00	0.00	1.96	(1.61)	3.86
EMD	0.49	0.04	0.16	(1.05)	0.56	(0.56)	0.92	(0.82)	2.66
IGR	0.79	0.12	0.14	1.15	1.07	(0.83)	1.60	(1.64)	5.33
DHY	0.51	0.03	0.11	0.58	0.52	(0.73)	1.41	(0.95)	2.40
JEQ	0.79	0.30	0.37	(10.03)	0.61	(0.99)	1.36	(1.22)	8.02
NDP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EEA	0.67	0.17	0.22	2.96	0.81	(0.74)	1.47	(1.32)	5.11
GF	1.00	0.43	0.38	6.83	0.75	(1.22)	2.80	(1.63)	7.35
EDF	0.82	0.19	0.21	0.92	0.88	(0.99)	1.95	(1.71)	4.53
VGI	0.36	0.05	0.22	(0.70)	0.40	(0.39)	0.78	(0.77)	2.20

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