Aberdeen Small Correlations

Mutual Funds . USA . 
Fund . Aberdeen Small Cap
GSXAX Fund  USD 38.26  0.32  0.83%   
The current 90-days correlation between Aberdeen Small Cap and Baird Smallmid Cap is 0.89 (i.e., Very poor diversification). The correlation of Aberdeen Small 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 Small Correlation With Market

Very poor diversification

The correlation between Aberdeen Small Cap and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Small Cap 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 Small Cap. 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

  0.8STK Columbia Seligman PremiumPairCorr
  0.89GXXAX Aberdeen Equity APairCorr
  0.88GXXCX Aberdeen Multi CapPairCorr
  0.89GXXIX Aberdeen Equity InstlPairCorr
  0.89GGLIX Aberdeen Multi CapPairCorr
  1.0GGUIX Aberdeen Eq LongPairCorr
  0.77ATOAX Alpine Ultra ShortPairCorr
  0.79ATOBX Aberdeen Ultra ShortPairCorr
  0.78ATOIX Alpine Ultra ShortPairCorr
  0.71BJBHX Aberdeen Global HighPairCorr
  0.67JHYIX Aberdeen Global HighPairCorr
  1.0GNSRX Aberdeen Small CapPairCorr

Moving against Aberdeen Mutual Fund

  0.56CGFIX Aberdeen Global FixedPairCorr
  0.52GWLRX Aberdeen Gbl EqPairCorr
  0.51GLLAX Aberdeen Gbl EqPairCorr
  0.5GWLIX Aberdeen Gbl EqPairCorr
  0.5WVCCX Aberdeen Gbl SmallPairCorr
  0.49ABNIX Aberdeen Global SmallPairCorr
  0.42JETAX Aberdeen Select IntePairCorr
  0.41JETIX Aberdeen Select IntePairCorr
  0.58CUGAX Aberdeen Global UncoPairCorr
  0.56AGCIX Aberdeen Global UncoPairCorr
  0.53GLLCX Aberdeen Gbl EqPairCorr
  0.51CPVCX Aberdeen Gbl SmallPairCorr
  0.5GLLSX Aberdeen Global EqutyPairCorr
  0.5WPVAX Aberdeen Gbl SmallPairCorr
  0.42AIAFX Alpine Global InfrasPairCorr
  0.41AIFRX Alpine Global InfrasPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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