Aberdeen Correlations

GXXAX Fund

USD 12.22 0.04 0.33%

The current 90-days correlation between Aberdeen Equity A and World Energy Fund is 0.13 (i.e., Average 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

Very weak diversification

The correlation between Aberdeen Equity A and DJI is 0.53 (i.e., Very weak 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

0.67	GWLRX	Aberdeen Gbl Eq	Pair Corr
0.7	CGFIX	Aberdeen Global Fixed	Pair Corr
1.0	GXXCX	Aberdeen Multi Cap	Pair Corr
1.0	GXXIX	Aberdeen Equity Instl	Pair Corr
0.83	GGLIX	Aberdeen Multi Cap	Pair Corr
0.61	NTFAX	Aberdeen Tax Free	Pair Corr
0.61	ABESX	Aberdeen Tax Free	Pair Corr
0.83	JETAX	Aberdeen Select Inte	Pair Corr
0.84	JETIX	Aberdeen Select Inte	Pair Corr
0.61	ADAVX	Alpine Dynamic Dividend	Pair Corr
0.61	ADVDX	Alpine Dynamic Dividend	Pair Corr
0.67	GLLAX	Aberdeen Gbl Eq	Pair Corr
0.66	GLLCX	Aberdeen Gbl Eq	Pair Corr
0.67	GLLSX	Aberdeen Global Equty	Pair Corr
0.63	GNSRX	Aberdeen Small Cap	Pair Corr
0.73	AGCIX	Aberdeen Global Unco	Pair Corr

Related Correlations Analysis

	AIWEX	PEO	XEMOX	TREIX	IGNRX	SMAPX	XGGNX	CAEIX
AIWEX		0.77	0.9	0.3	0.76	0.93	0.65	0.1	AIWEX
PEO	0.77		0.67	-0.07	0.89	0.65	0.77	0.34	PEO
XEMOX	0.9	0.67		0.51	0.7	0.96	0.67	-0.07	XEMOX
TREIX	0.3	-0.07	0.51		-0.12	0.51	0.1	-0.77	TREIX
IGNRX	0.76	0.89	0.7	-0.12		0.62	0.89	0.54	IGNRX
SMAPX	0.93	0.65	0.96	0.51	0.62		0.54	-0.13	SMAPX
XGGNX	0.65	0.77	0.67	0.1	0.89	0.54		0.3	XGGNX
CAEIX	0.1	0.34	-0.07	-0.77	0.54	-0.13	0.3		CAEIX
	AIWEX	PEO	XEMOX	TREIX	IGNRX	SMAPX	XGGNX	CAEIX

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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

SMAPX	+ 0.96	XEMOX
SMAPX	+ 0.93	AIWEX
XEMOX	+ 0.9	AIWEX
IGNRX	+ 0.89	PEO
XGGNX	+ 0.89	IGNRX
PEO	+ 0.77	AIWEX

High negative correlations

CAEIX	- 0.77	TREIX
CAEIX	- 0.13	SMAPX
IGNRX	- 0.12	TREIX
CAEIX	- 0.07	XEMOX
TREIX	- 0.07	PEO

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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AIWEX	1.03	0.01	0.00	0.02	1.75	(1.02)	1.90	(1.82)	9.76
PEO	0.84	(0.03)	0.00	(0.06)	0.00	0.00	1.45	(1.87)	5.71
XEMOX	1.07	0.10	0.06	0.17	1.53	(1.09)	2.15	(3.03)	6.98
TREIX	0.05	0.00	0.09	0.00	0.00	(0.10)	0.10	(0.10)	0.30
IGNRX	0.85	(0.03)	0.00	(0.05)	0.00	0.00	1.49	(1.59)	5.36
SMAPX	1.06	0.06	0.03	0.13	1.64	(1.01)	1.84	(2.46)	7.85
XGGNX	0.73	(0.01)	0.00	(0.03)	0.00	0.00	1.44	(1.67)	4.75
CAEIX	0.70	(0.07)	0.00	(0.16)	0.00	0.00	1.23	(2.31)	4.16

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