Aberdeen China Correlations

Mutual Funds . USA . 
Fund . Aberdeen China Oppty
GOPAX Fund  USD 22.39  0.32  1.41%   
The current 90-days correlation between Aberdeen China Oppty and Morgan Stanley Government is -0.1 (i.e., Good diversification). The correlation of Aberdeen China 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 China Correlation With Market

Significant diversification

The correlation between Aberdeen China Oppty and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen China Oppty 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 China Oppty. 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 nation.

Moving together with Aberdeen Mutual Fund

  0.74GEGAX Aberdeen Emerging MarketsPairCorr
  0.73GEGCX Aberdeen Emerging MarketsPairCorr
  0.73GEMRX Aberdeen Emerging MarketsPairCorr
  0.7CGFIX Aberdeen Global FixedPairCorr
  0.61AAHMX Aberdeen Short DurationPairCorr
  0.75ABEMX Aberdeen Emerging MarktsPairCorr
  0.74AEMSX Aberden Emerng MrktsPairCorr
  0.7AGCIX Aberdeen Global UncoPairCorr
  1.0GOPRX Aberdeen China OpptyPairCorr
  0.96GOPSX Aberdeen China OpptyPairCorr
  1.0GOPCX Aberdeen China OpptyPairCorr
  1.0GOPIX Aberdeen China OpptyPairCorr

Moving against Aberdeen Mutual Fund

  0.59GXXAX Aberdeen Equity APairCorr
  0.59GXXIX Aberdeen Equity InstlPairCorr
  0.59GGLIX Aberdeen Multi CapPairCorr
  0.53STK Columbia Seligman PremiumPairCorr
  0.52GWLIX Aberdeen Gbl EqPairCorr
  0.52GWLRX Aberdeen Gbl EqPairCorr
  0.5GXXCX Aberdeen Multi CapPairCorr
  0.53GLLCX Aberdeen Gbl EqPairCorr
  0.52GLLAX Aberdeen Gbl EqPairCorr
  0.52GLLSX Aberdeen Global EqutyPairCorr
  0.4GNSRX Aberdeen Small CapPairCorr
  0.4GSXAX Aberdeen Small CapPairCorr
  0.4GSXCX Aberdeen Small CapPairCorr
  0.4GSXIX Aberdeen Small CapPairCorr
  0.39GSCIX Aberdeen Small CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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