Aberdeen Gbl Correlations

GLLCX Fund

USD 10.33 0.02 0.19%

The current 90-days correlation between Aberdeen Gbl Eq and Gamco Global Opportunity is 0.7 (i.e., Poor 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

Very weak diversification

The correlation between Aberdeen Gbl Eq and DJI is 0.46 (i.e., Very 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
0.88	GXXIX	Aberdeen Equity Instl	Pair Corr
0.75	JETIX	Aberdeen Select Inte	Pair Corr
1.0	GLLAX	Aberdeen Gbl Eq	Pair Corr

Moving against Aberdeen Mutual Fund

0.69	ATOBX	Aberdeen Ultra Short	Pair Corr
0.68	ATOAX	Alpine Ultra Short	Pair Corr
0.6	AGCIX	Aberdeen Global Unco	Pair Corr
0.56	AAHMX	Aberdeen Short Duration	Pair Corr
0.56	AHYMX	Alpine High Yield	Pair Corr
0.38	ABESX	Aberdeen Tax Free	Pair Corr
0.74	SNGYX	Sit Government Securities	Pair Corr
0.71	NWJJX	Nationwide Highmark Bond	Pair Corr
0.68	ACCSX	Access Capital Munity	Pair Corr
0.68	NECRX	Loomis Sayles E	Pair Corr
0.58	TEDPX	Tiaa Cref Emerging	Pair Corr
0.51	NHS	Neuberger Berman High	Pair Corr
0.51	PUGCX	Putnam Global Equity	Pair Corr
0.46	REMVX	Rbc Emerging Markets	Pair Corr
0.45	NHIEX	Neuberger Berman Income	Pair Corr
0.36	RBBCX	Columbia Income Builder	Pair Corr
0.31	CITEX	American High Income	Pair Corr
0.76	FLRRX	Franklin Low Duration	Pair Corr
0.68	CCLFX	Cliffwater Corporate	Pair Corr
0.48	DURIX	Deutsche European Equity	Pair Corr
0.43	FHYIX	Franklin High Yield	Pair Corr

Related Correlations Analysis

	GLOIX	MSTGX	DBIWX	RGHYX	DLGBX	SGLIX	QLMYIX	ANAGX
GLOIX		0.91	0.83	0.75	0.91	0.17	0.84	0.8	GLOIX
MSTGX	0.91		0.94	0.91	0.88	0.08	0.96	0.85	MSTGX
DBIWX	0.83	0.94		0.93	0.78	0.2	0.94	0.84	DBIWX
RGHYX	0.75	0.91	0.93		0.7	0.03	0.97	0.78	RGHYX
DLGBX	0.91	0.88	0.78	0.7		0.23	0.81	0.85	DLGBX
SGLIX	0.17	0.08	0.2	0.03	0.23		0.02	0.25	SGLIX
QLMYIX	0.84	0.96	0.94	0.97	0.81	0.02		0.82	QLMYIX
ANAGX	0.8	0.85	0.84	0.78	0.85	0.25	0.82		ANAGX
	GLOIX	MSTGX	DBIWX	RGHYX	DLGBX	SGLIX	QLMYIX	ANAGX

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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
GLOIX	0.61	0.10	0.14	0.12	0.83	(0.67)	1.66	(1.89)	4.72
MSTGX	0.31	0.04	0.23	(0.68)	0.35	(0.34)	0.74	(0.62)	1.58
DBIWX	0.27	0.00	0.17	(0.05)	0.36	(0.28)	0.48	(0.58)	1.77
RGHYX	0.13	0.01	0.32	(0.01)	0.13	(0.16)	0.20	(0.30)	1.13
DLGBX	0.23	0.01	0.25	0.17	0.23	(0.29)	0.49	(0.49)	1.23
SGLIX	0.81	(0.26)	0.00	(4.87)	0.00	0.00	0.97	(0.97)	18.08
QLMYIX	0.14	0.02	0.32	0.12	0.05	(0.21)	0.33	(0.33)	0.99
ANAGX	0.19	(0.01)	0.21	0.56	0.22	(0.27)	0.44	(0.44)	1.46

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