Aberdeen Small Correlations

GSXIX Fund

USD 38.04 0.21 0.55%

The current 90-days correlation between Aberdeen Small Cap and Aberdeen Small Cap is 1.0 (i.e., No risk reduction). 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

Poor diversification

The correlation between Aberdeen Small Cap and DJI is 0.73 (i.e., 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 gross domestic product.

Moving together with Aberdeen Mutual Fund

0.74	GWLIX	Aberdeen Gbl Eq	Pair Corr
0.73	GWLRX	Aberdeen Gbl Eq	Pair Corr
0.88	STK	Columbia Seligman Premium	Pair Corr
0.89	GXXAX	Aberdeen Equity A	Pair Corr
0.81	GXXCX	Aberdeen Multi Cap	Pair Corr
0.89	GXXIX	Aberdeen Equity Instl	Pair Corr
0.89	GGLIX	Aberdeen Multi Cap	Pair Corr
0.67	JETAX	Aberdeen Select Inte	Pair Corr
0.67	JETIX	Aberdeen Select Inte	Pair Corr
0.73	GLLAX	Aberdeen Gbl Eq	Pair Corr
0.73	GLLCX	Aberdeen Gbl Eq	Pair Corr
0.74	GLLSX	Aberdeen Global Equty	Pair Corr
1.0	GNSRX	Aberdeen Small Cap	Pair Corr

Moving against Aberdeen Mutual Fund

0.36	ATOAX	Alpine Ultra Short	Pair Corr
0.34	ATOIX	Alpine Ultra Short	Pair Corr
0.32	ATOBX	Aberdeen Ultra Short	Pair Corr
0.4	GOPSX	Aberdeen China Oppty	Pair Corr
0.4	GOPAX	Aberdeen China Oppty	Pair Corr
0.4	GOPIX	Aberdeen China Oppty	Pair Corr
0.39	GOPRX	Aberdeen China Oppty	Pair Corr
0.39	GOPCX	Aberdeen China Oppty	Pair Corr
0.33	AIAFX	Alpine Global Infras	Pair Corr
0.33	AIFRX	Alpine Global Infras	Pair Corr

Related Correlations Analysis

	GSXCX	GSCIX	GSXAX	NEAGX	GNSRX
GSXCX		1.0	1.0	0.88	1.0	GSXCX
GSCIX	1.0		1.0	0.88	1.0	GSCIX
GSXAX	1.0	1.0		0.88	1.0	GSXAX
NEAGX	0.88	0.88	0.88		0.88	NEAGX
GNSRX	1.0	1.0	1.0	0.88		GNSRX
	GSXCX	GSCIX	GSXAX	NEAGX	GNSRX

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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.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
GSXCX	0.98	(0.08)	(0.14)	1.76	(2.45)	6.15
GSCIX	0.98	(0.07)	(0.14)	1.78	(2.40)	6.16
GSXAX	0.98	(0.07)	(0.14)	1.79	(2.43)	6.13
NEAGX	1.38	(0.12)	(0.17)	2.24	(4.06)	7.46
GNSRX	0.98	(0.07)	(0.14)	1.80	(2.42)	6.14

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