Aberdeen Correlations

GXXAX Fund

USD 11.32 0.01 0.09%

The current 90-days correlation between Aberdeen Equity A and Alpine Dynamic Dividend is 0.85 (i.e., Very poor diversification). The correlation of Aberdeen 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 Correlation With Market

Poor diversification

The correlation between Aberdeen Equity A and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Equity A 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 Equity A. 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

0.87	GWLIX	Aberdeen Gbl Eq	Pair Corr
0.87	GWLRX	Aberdeen Gbl Eq	Pair Corr
0.94	STK	Columbia Seligman Premium	Pair Corr
0.9	GXXCX	Aberdeen Multi Cap	Pair Corr
1.0	GXXIX	Aberdeen Equity Instl	Pair Corr
1.0	GGLIX	Aberdeen Multi Cap	Pair Corr
0.71	JETAX	Aberdeen Select Inte	Pair Corr
0.7	JETIX	Aberdeen Select Inte	Pair Corr
0.87	GLLAX	Aberdeen Gbl Eq	Pair Corr
0.73	GLLCX	Aberdeen Gbl Eq	Pair Corr
0.87	GLLSX	Aberdeen Global Equty	Pair Corr
0.89	GNSRX	Aberdeen Small Cap	Pair Corr

Moving against Aberdeen Mutual Fund

0.69	ATOAX	Alpine Ultra Short	Pair Corr
0.68	ATOIX	Alpine Ultra Short	Pair Corr
0.55	ATOBX	Aberdeen Ultra Short	Pair Corr
0.48	AAHMX	Aberdeen Short Duration	Pair Corr
0.46	CGFIX	Aberdeen Global Fixed	Pair Corr
0.31	ABEIX	Aberdeen Tax Free	Pair Corr
0.6	GOPSX	Aberdeen China Oppty	Pair Corr
0.59	GOPAX	Aberdeen China Oppty	Pair Corr
0.59	GOPIX	Aberdeen China Oppty	Pair Corr
0.51	GOPRX	Aberdeen China Oppty	Pair Corr
0.5	GOPCX	Aberdeen China Oppty	Pair Corr
0.5	AIAFX	Alpine Global Infras	Pair Corr
0.5	AIFRX	Alpine Global Infras	Pair Corr
0.47	AHYMX	Alpine High Yield	Pair Corr
0.46	AGCIX	Aberdeen Global Unco	Pair Corr

Related Correlations Analysis

	ADVDX	GUEIX	GUERX	GUESX	GLLAX	GLLCX	GUEAX	GUECX	GLLSX
ADVDX		0.0	0.0	0.0	-0.05	-0.07	0.0	0.0	-0.04	ADVDX
GUEIX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	GUEIX
GUERX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	GUERX
GUESX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	GUESX
GLLAX	-0.05	0.0	0.0	0.0		0.78	0.0	0.0	1.0	GLLAX
GLLCX	-0.07	0.0	0.0	0.0	0.78		0.0	0.0	0.78	GLLCX
GUEAX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	GUEAX
GUECX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	GUECX
GLLSX	-0.04	0.0	0.0	0.0	1.0	0.78	0.0	0.0		GLLSX
	ADVDX	GUEIX	GUERX	GUESX	GLLAX	GLLCX	GUEAX	GUECX	GLLSX

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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

GLLSX	+ 1.0	GLLAX
GLLCX	+ 0.78	GLLAX
GLLSX	+ 0.78	GLLCX
GUEIX	+ 0.0	ADVDX
GUERX	+ 0.0	ADVDX
GUESX	+ 0.0	ADVDX

High negative correlations

GLLCX	- 0.07	ADVDX
GLLAX	- 0.05	ADVDX
GLLSX	- 0.04	ADVDX
GLLSX	- 0.0	GUECX
GLLSX	- 0.0	GUEAX
GUECX	- 0.0	GUEAX

Risk-Adjusted Indicators

There is a big difference between Aberdeen Mutual Fund performing well and Aberdeen 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'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
ADVDX	0.53	0.03	(0.02)	1.14	(1.13)	2.99
GUEIX	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
GUESX	0.00	0.00	0.00	0.00	0.00	0.00
GLLAX	0.70	(0.05)	(0.16)	1.33	(1.97)	4.96
GLLCX	0.70	(0.06)	16.30	1.34	(1.61)	5.04
GUEAX	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
GLLSX	0.70	(0.05)	(0.16)	1.38	(1.92)	5.01

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