Aberdeen Correlations

GXXCX Fund

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The current 90-days correlation between Aberdeen Multi Cap and Tweedy Browne Global is 0.26 (i.e., Modest 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

Good diversification

The correlation between Aberdeen Multi Cap Equity and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Multi Cap Equity 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 Multi Cap Equity. 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 main economic indicators.

Moving together with Aberdeen Mutual Fund

0.77	GWLIX	Aberdeen Gbl Eq	Pair Corr
0.77	GWLRX	Aberdeen Gbl Eq	Pair Corr
0.8	STK	Columbia Seligman Premium	Pair Corr
0.87	GXXAX	Aberdeen Equity A	Pair Corr
0.87	GXXIX	Aberdeen Equity Instl	Pair Corr
0.87	GGLIX	Aberdeen Multi Cap	Pair Corr
0.65	JETAX	Aberdeen Select Inte	Pair Corr
0.64	JETIX	Aberdeen Select Inte	Pair Corr
0.77	GLLAX	Aberdeen Gbl Eq	Pair Corr
0.77	GLLCX	Aberdeen Gbl Eq	Pair Corr
0.77	GLLSX	Aberdeen Global Equty	Pair Corr
0.8	GNSRX	Aberdeen Small Cap	Pair Corr

Moving against Aberdeen Mutual Fund

0.62	ATOIX	Alpine Ultra Short	Pair Corr
0.61	ATOAX	Alpine Ultra Short	Pair Corr
0.6	ATOBX	Aberdeen Ultra Short	Pair Corr
0.48	AAHMX	Aberdeen Short Duration	Pair Corr
0.45	CGFIX	Aberdeen Global Fixed	Pair Corr
0.35	ABESX	Aberdeen Tax Free	Pair Corr
0.34	ABEIX	Aberdeen Tax Free	Pair Corr
0.31	NTFAX	Aberdeen Tax Free	Pair Corr
0.53	GOPSX	Aberdeen China Oppty	Pair Corr
0.52	AHYMX	Alpine High Yield	Pair Corr
0.47	GOPIX	Aberdeen China Oppty	Pair Corr
0.46	GOPRX	Aberdeen China Oppty	Pair Corr
0.46	GOPAX	Aberdeen China Oppty	Pair Corr
0.46	GOPCX	Aberdeen China Oppty	Pair Corr
0.46	AIAFX	Alpine Global Infras	Pair Corr
0.46	AIFRX	Alpine Global Infras	Pair Corr
0.45	AGCIX	Aberdeen Global Unco	Pair Corr

Related Correlations Analysis

	TBCUX	MFIRX	DODWX	DBLGX	MSTGX	WRLDX	MGKAX	DBIWX
TBCUX		0.86	0.74	0.93	0.9	0.7	0.47	0.77	TBCUX
MFIRX	0.86		0.79	0.91	0.97	0.88	0.7	0.91	MFIRX
DODWX	0.74	0.79		0.78	0.85	0.85	0.73	0.86	DODWX
DBLGX	0.93	0.91	0.78		0.91	0.74	0.48	0.8	DBLGX
MSTGX	0.9	0.97	0.85	0.91		0.92	0.76	0.95	MSTGX
WRLDX	0.7	0.88	0.85	0.74	0.92		0.89	0.94	WRLDX
MGKAX	0.47	0.7	0.73	0.48	0.76	0.89		0.87	MGKAX
DBIWX	0.77	0.91	0.86	0.8	0.95	0.94	0.87		DBIWX
	TBCUX	MFIRX	DODWX	DBLGX	MSTGX	WRLDX	MGKAX	DBIWX

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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
TBCUX	0.60	0.11	0.14	(0.67)	0.56	(0.68)	1.49	(1.14)	4.33
MFIRX	0.11	0.02	0.05	1.47	0.00	(0.21)	0.19	(0.19)	0.77
DODWX	0.82	(0.08)	0.00	(0.11)	0.00	0.00	1.28	(1.11)	13.09
DBLGX	0.22	0.01	0.02	0.19	0.20	(0.30)	0.48	(0.36)	1.21
MSTGX	0.30	0.05	0.09	(0.50)	0.33	(0.34)	0.74	(0.62)	1.58
WRLDX	0.63	0.01	0.01	(0.04)	0.95	(0.60)	1.24	(1.68)	2.96
MGKAX	0.82	0.06	0.05	(0.42)	1.10	(0.89)	1.62	(1.64)	4.75
DBIWX	0.26	0.01	0.01	(0.08)	0.34	(0.29)	0.48	(0.58)	1.77

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