Abrdn Physical Correlations

GLTR Etf

USD 125.91 1.11 0.89%

The current 90-days correlation between abrdn Physical Precious and abrdn Physical Palladium is 0.54 (i.e., Very weak diversification). The correlation of Abrdn Physical 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.

Abrdn Physical Correlation With Market

Good diversification

The correlation between abrdn Physical Precious and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding abrdn Physical Precious 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 abrdn Physical Precious. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Abrdn Etf

1.0	GLD	SPDR Gold Shares	Pair Corr
1.0	IAU	iShares Gold Trust	Pair Corr
0.98	SLV	iShares Silver Trust	Pair Corr
1.0	GLDM	SPDR Gold MiniShares	Pair Corr
1.0	SGOL	abrdn Physical Gold	Pair Corr
0.98	SIVR	abrdn Physical Silver	Pair Corr
1.0	IAUM	iShares Gold Trust	Pair Corr
0.72	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.89	T	ATT Inc Aggressive Push	Pair Corr
0.68	TRV	The Travelers Companies	Pair Corr
0.69	MCD	McDonalds	Pair Corr
0.77	CVX	Chevron Corp	Pair Corr
0.84	MMM	3M Company	Pair Corr
0.87	JNJ	Johnson Johnson	Pair Corr
0.78	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.84	IBM	International Business	Pair Corr
0.86	GE	GE Aerospace	Pair Corr

Moving against Abrdn Etf

0.69	NAIL	Direxion Daily Homeb	Pair Corr
0.66	USD	ProShares Ultra Semi	Pair Corr
0.64	TECL	Direxion Daily Technology	Pair Corr
0.59	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.54	FNGU	MicroSectors FANG Index Symbol Change	Pair Corr
0.52	FNGO	MicroSectors FANG Index	Pair Corr
0.44	SPXL	Direxion Daily SP500	Pair Corr
0.43	UPRO	ProShares UltraPro SP500	Pair Corr
0.31	USO	United States Oil Sell-off Trend	Pair Corr
0.67	MRK	Merck Company	Pair Corr
0.61	AA	Alcoa Corp	Pair Corr
0.58	CAT	Caterpillar	Pair Corr
0.53	HPQ	HP Inc	Pair Corr
0.42	AXP	American Express	Pair Corr

Related Correlations Analysis

	PALL	PPLT	SIVR	SGOL	GNR
PALL		0.66	0.51	0.46	0.66	PALL
PPLT	0.66		0.9	0.86	0.78	PPLT
SIVR	0.51	0.9		0.96	0.82	SIVR
SGOL	0.46	0.86	0.96		0.85	SGOL
GNR	0.66	0.78	0.82	0.85		GNR
	PALL	PPLT	SIVR	SGOL	GNR

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Abrdn Physical Constituents Risk-Adjusted Indicators

There is a big difference between Abrdn Etf performing well and Abrdn Physical ETF 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 Abrdn Physical'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
PALL	1.08	0.01	0.03	0.03	1.38	(1.13)	2.18	(2.53)	6.30
PPLT	0.81	0.05	0.08	0.72	1.00	(0.80)	1.85	(1.90)	4.04
SIVR	0.99	0.11	0.11	2.24	1.22	(0.96)	2.66	(1.85)	4.71
SGOL	0.67	0.18	0.25	(3.71)	0.55	(0.74)	1.55	(1.31)	3.16
GNR	0.72	0.10	0.12	0.14	0.86	(0.78)	1.50	(1.45)	3.84

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