Aberdeen Correlations

Mutual Funds . USA . 
Fund . Aberdeen Equity Instl
GXXIX Fund  USD 12.99  0.20  1.56%   
The current 90-days correlation between Aberdeen Equity Instl and 1919 Financial Services is 0.71 (i.e., 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 Instl and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Equity Instl 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 Instl. 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

  0.87GWLIX Aberdeen Gbl EqPairCorr
  0.87GWLRX Aberdeen Gbl EqPairCorr
  0.9STK Columbia Seligman PremiumPairCorr
  1.0GXXAX Aberdeen Equity APairCorr
  0.87GXXCX Aberdeen Multi CapPairCorr
  1.0GGLIX Aberdeen Multi CapPairCorr
  0.68JETAX Aberdeen Select IntePairCorr
  0.67JETIX Aberdeen Select IntePairCorr
  0.87GLLAX Aberdeen Gbl EqPairCorr
  0.76GLLCX Aberdeen Gbl EqPairCorr
  0.87GLLSX Aberdeen Global EqutyPairCorr
  0.9GNSRX Aberdeen Small CapPairCorr

Moving against Aberdeen Mutual Fund

  0.69ATOAX Alpine Ultra ShortPairCorr
  0.68ATOIX Alpine Ultra ShortPairCorr
  0.56ATOBX Aberdeen Ultra ShortPairCorr
  0.5CGFIX Aberdeen Global FixedPairCorr
  0.47AAHMX Aberdeen Short DurationPairCorr
  0.32ABESX Aberdeen Tax FreePairCorr
  0.31ABEIX Aberdeen Tax FreePairCorr
  0.64GOPSX Aberdeen China OpptyPairCorr
  0.6GOPAX Aberdeen China OpptyPairCorr
  0.6GOPIX Aberdeen China OpptyPairCorr
  0.57AIAFX Alpine Global InfrasPairCorr
  0.57AIFRX Alpine Global InfrasPairCorr
  0.54AHYMX Alpine High YieldPairCorr
  0.49GOPRX Aberdeen China OpptyPairCorr
  0.49GOPCX Aberdeen China OpptyPairCorr
  0.48AGCIX Aberdeen Global UncoPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

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