Aberdeen Emerging Correlations

Mutual Funds . USA . 
Fund . Aberdeen Emerging Markets
GEGCX Fund  USD 13.39  0.21  1.54%   
The current 90-days correlation between Aberdeen Emerging Markets and Precious Metals And is 0.43 (i.e., Very weak diversification). The correlation of Aberdeen Emerging 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 Emerging Correlation With Market

Modest diversification

The correlation between Aberdeen Emerging Markets and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Aberdeen Emerging Markets. 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 main economic indicators.

Moving together with Aberdeen Mutual Fund

  1.0GEGAX Aberdeen Emerging MarketsPairCorr
  1.0GEMRX Aberdeen Emerging MarketsPairCorr
  0.64WVCCX Aberdeen Gbl SmallPairCorr
  0.61NTFAX Aberdeen Tax FreePairCorr
  0.64AAHMX Aberdeen Short DurationPairCorr
  0.89ASEMX Abrdn Em SmaPairCorr
  1.0ABEMX Aberdeen Emerging MarktsPairCorr
  0.63ABNIX Aberdeen Global SmallPairCorr
  0.69ACHMX Abrdn Short DurationPairCorr
  0.7ADAVX Alpine Dynamic DividendPairCorr
  0.7ADVDX Alpine Dynamic DividendPairCorr
  1.0AEMSX Aberden Emerng MrktsPairCorr
  0.74GOPRX Aberdeen China OpptyPairCorr
  0.66GOPSX Aberdeen China OpptyPairCorr
  0.74GOPAX Aberdeen China OpptyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Aberdeen Mutual Fund performing well and Aberdeen Emerging 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 Emerging'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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