Aberdeen China Correlations

GOPAX Fund  USD 22.30  0.25  1.11%   
The current 90-days correlation between Aberdeen China Oppty and Alpine Dynamic Dividend is 0.08 (i.e., Significant 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

Good diversification

The correlation between Aberdeen China Oppty and DJI is -0.11 (i.e., Good 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
  0.74GEGCX Aberdeen Emerging MarketsPairCorr
  0.74GEMRX Aberdeen Emerging MarketsPairCorr
  0.75ABEMX Aberdeen Emerging MarktsPairCorr
  0.75AEMSX Aberden Emerng MrktsPairCorr
  1.0GOPRX Aberdeen China OpptyPairCorr
  0.87GOPSX Aberdeen China OpptyPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
GLLCXGLLAX
GLLSXGLLAX
GLLSXGLLCX
GLLSXADVDX
GLLAXADVDX
GLLCXADVDX
  
High negative correlations   
GLLSXGUECX
GLLSXGUEAX
GUECXGUEAX
GUECXGLLCX
GUEAXGLLCX
GUECXGLLAX

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ADVDX  0.43  0.04  0.06  0.07  0.58 
 0.70 
 3.22 
GUEIX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
GUERX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
GUESX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
GLLAX  0.63 (0.10) 0.00 (0.33) 0.00 
 1.26 
 3.95 
GLLCX  0.63 (0.10) 0.00 (0.34) 0.00 
 1.32 
 3.91 
GUEAX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
GUECX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
GLLSX  0.62 (0.10) 0.00 (0.34) 0.00 
 1.28 
 3.95