Aberdeen Gbl Correlations

GLLCX Fund

USD 10.42 0.03 0.29%

The current 90-days correlation between Aberdeen Gbl Eq and Oklahoma College Savings is 0.1 (i.e., Average diversification). The correlation of Aberdeen Gbl 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 Gbl Correlation With Market

Weak diversification

The correlation between Aberdeen Gbl Eq and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Gbl Eq 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 Gbl Eq. 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

1.0	GWLIX	Aberdeen Gbl Eq	Pair Corr
1.0	GWLRX	Aberdeen Gbl Eq	Pair Corr
0.69	GXXAX	Aberdeen Equity A	Pair Corr
0.7	GXXCX	Aberdeen Multi Cap	Pair Corr
0.69	GXXIX	Aberdeen Equity Instl	Pair Corr
0.69	GGLIX	Aberdeen Multi Cap	Pair Corr
0.62	ASEMX	Abrdn Em Sma	Pair Corr
0.84	JETAX	Aberdeen Select Inte	Pair Corr
0.84	JETIX	Aberdeen Select Inte	Pair Corr
1.0	GLLAX	Aberdeen Gbl Eq	Pair Corr
1.0	GLLSX	Aberdeen Global Equty	Pair Corr

Moving against Aberdeen Mutual Fund

0.62	ATOAX	Alpine Ultra Short	Pair Corr
0.62	ATOIX	Alpine Ultra Short	Pair Corr
0.56	ATOBX	Aberdeen Ultra Short	Pair Corr
0.32	GGUIX	Aberdeen Eq Long	Pair Corr

Related Correlations Analysis

	FZODX	BUFHX	DODLX	MBSAX	TTRBX	MCZRX	GHVIX	SWSFX
FZODX		0.26	0.96	0.85	0.9	0.99	0.65	0.22	FZODX
BUFHX	0.26		0.28	0.57	0.59	0.31	0.86	0.93	BUFHX
DODLX	0.96	0.28		0.82	0.88	0.96	0.68	0.2	DODLX
MBSAX	0.85	0.57	0.82		0.89	0.87	0.88	0.51	MBSAX
TTRBX	0.9	0.59	0.88	0.89		0.94	0.84	0.54	TTRBX
MCZRX	0.99	0.31	0.96	0.87	0.94		0.68	0.27	MCZRX
GHVIX	0.65	0.86	0.68	0.88	0.84	0.68		0.75	GHVIX
SWSFX	0.22	0.93	0.2	0.51	0.54	0.27	0.75		SWSFX
	FZODX	BUFHX	DODLX	MBSAX	TTRBX	MCZRX	GHVIX	SWSFX

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Risk-Adjusted Indicators

There is a big difference between Aberdeen Mutual Fund performing well and Aberdeen Gbl 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 Gbl'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
FZODX	0.23	0.02	0.11	0.35	0.13	(0.32)	0.62	(0.41)	1.54
BUFHX	0.08	0.02	0.20	11.37	0.00	(0.12)	0.19	(0.09)	0.57
DODLX	0.24	0.02	0.08	0.18	0.23	(0.30)	0.57	(0.56)	1.69
MBSAX	0.19	0.02	0.11	(0.52)	0.18	(0.21)	0.37	(0.30)	1.34
TTRBX	0.16	0.02	0.13	0.77	0.00	(0.21)	0.41	(0.30)	0.91
MCZRX	0.25	0.03	0.10	0.42	0.19	(0.30)	0.68	(0.45)	1.60
GHVIX	0.14	0.02	0.14	(1.56)	0.00	(0.17)	0.30	(0.24)	0.90
SWSFX	0.05	0.01	0.00	(0.87)	0.00	0.00	0.10	0.00	0.69

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