Aberdeen China Correlations

GOPRX Fund

USD 21.59 0.24 1.10%

The current 90-days correlation between Aberdeen China Oppty and Aberdeen Emerging Markets is 0.39 (i.e., Weak 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 -0.12 (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 metropolitan statistical area.

Moving together with Aberdeen Mutual Fund

0.74	GEGAX	Aberdeen Emerging Markets	Pair Corr
0.74	GEGCX	Aberdeen Emerging Markets	Pair Corr
0.74	GEMRX	Aberdeen Emerging Markets	Pair Corr
0.75	ABEMX	Aberdeen Emerging Markts	Pair Corr
0.75	AEMSX	Aberden Emerng Mrkts	Pair Corr
0.87	GOPSX	Aberdeen China Oppty	Pair Corr
1.0	GOPAX	Aberdeen China Oppty	Pair Corr

Related Correlations Analysis

	GEGAX	GEGCX	GEMRX	GWLIX	GWLRX	STK	CGFIX	GXXAX	GXXCX	GXXIX
GEGAX		1.0	1.0	0.42	0.41	0.2	0.56	0.28	0.28	0.27	GEGAX
GEGCX	1.0		1.0	0.45	0.44	0.18	0.56	0.29	0.3	0.29	GEGCX
GEMRX	1.0	1.0		0.43	0.42	0.2	0.56	0.28	0.29	0.28	GEMRX
GWLIX	0.42	0.45	0.43		1.0	0.02	0.21	0.79	0.69	0.79	GWLIX
GWLRX	0.41	0.44	0.42	1.0		0.0	0.2	0.79	0.68	0.78	GWLRX
STK	0.2	0.18	0.2	0.02	0.0		-0.08	0.2	0.19	0.2	STK
CGFIX	0.56	0.56	0.56	0.21	0.2	-0.08		0.37	0.39	0.37	CGFIX
GXXAX	0.28	0.29	0.28	0.79	0.79	0.2	0.37		0.9	1.0	GXXAX
GXXCX	0.28	0.3	0.29	0.69	0.68	0.19	0.39	0.9		0.9	GXXCX
GXXIX	0.27	0.29	0.28	0.79	0.78	0.2	0.37	1.0	0.9		GXXIX
	GEGAX	GEGCX	GEMRX	GWLIX	GWLRX	STK	CGFIX	GXXAX	GXXCX	GXXIX

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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

GEGCX	+ 1.0	GEGAX
GEMRX	+ 1.0	GEGAX
GEMRX	+ 1.0	GEGCX
GWLRX	+ 1.0	GWLIX
GXXIX	+ 1.0	GXXAX
GXXCX	+ 0.9	GXXAX

High negative correlations

CGFIX	- 0.08	STK
STK	- 0.0	GWLRX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GEGAX	0.63	(0.03)	0.00	(0.15)	0.00	0.00	1.21	(1.57)	3.36
GEGCX	0.63	(0.03)	0.00	(0.17)	0.00	0.00	1.22	(1.54)	3.37
GEMRX	0.63	(0.03)	0.00	(0.15)	0.00	0.00	1.23	(1.53)	3.35
GWLIX	0.62	(0.10)	0.00	(0.34)	0.00	0.00	1.32	(1.56)	3.99
GWLRX	0.63	(0.10)	0.00	(0.33)	0.00	0.00	1.26	(1.64)	4.02
STK	0.98	0.04	0.03	0.06	1.45	(0.91)	1.67	(2.05)	7.18
CGFIX	0.17	0.01	0.11	0.12	0.15	(0.24)	0.47	(0.35)	1.28
GXXAX	0.64	(0.03)	0.00	(0.08)	0.00	0.00	1.08	(1.26)	4.74
GXXCX	0.62	(0.04)	0.00	2.11	0.00	0.00	1.03	(1.24)	4.88
GXXIX	0.64	(0.03)	0.00	(0.08)	0.00	0.00	1.08	(1.27)	4.84

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