Aberdeen Select Correlations

JETIX Fund

USD 14.39 0.05 0.35%

The current 90-days correlation between Aberdeen Select Inte and Goldman Sachs Technology is 0.79 (i.e., Poor diversification). The correlation of Aberdeen Select 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 Select Correlation With Market

Poor diversification

The correlation between Aberdeen Select International and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Select International 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 Select International. 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

0.66	GWLIX	Aberdeen Gbl Eq	Pair Corr
0.65	GWLRX	Aberdeen Gbl Eq	Pair Corr
0.62	GXXCX	Aberdeen Multi Cap	Pair Corr
0.65	ASEMX	Abrdn Em Sma	Pair Corr
1.0	JETAX	Aberdeen Select Inte	Pair Corr
0.66	GLLAX	Aberdeen Gbl Eq	Pair Corr
0.65	GLLCX	Aberdeen Gbl Eq	Pair Corr
0.66	GLLSX	Aberdeen Global Equty	Pair Corr
0.64	GNSRX	Aberdeen Small Cap	Pair Corr

Moving against Aberdeen Mutual Fund

0.32	AAHMX	Aberdeen Short Duration	Pair Corr
0.31	AHYMX	Alpine High Yield	Pair Corr

Related Correlations Analysis

	GITAX	GISTX	FRBRX	DTEYX	TEFQX	WFTDX
GITAX		1.0	0.12	0.99	0.75	0.97	GITAX
GISTX	1.0		0.12	0.99	0.76	0.97	GISTX
FRBRX	0.12	0.12		0.17	0.28	0.18	FRBRX
DTEYX	0.99	0.99	0.17		0.8	0.97	DTEYX
TEFQX	0.75	0.76	0.28	0.8		0.82	TEFQX
WFTDX	0.97	0.97	0.18	0.97	0.82		WFTDX
	GITAX	GISTX	FRBRX	DTEYX	TEFQX	WFTDX

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Risk-Adjusted Indicators

There is a big difference between Aberdeen Mutual Fund performing well and Aberdeen Select 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 Select'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
GITAX	1.23	(0.08)	0.00	(0.08)	0.00	0.00	2.19	(2.82)	7.57
GISTX	1.23	(0.08)	0.00	(0.08)	0.00	0.00	2.16	(2.80)	7.54
FRBRX	1.09	(0.11)	0.00	(0.16)	0.00	0.00	2.24	(2.33)	7.79
DTEYX	1.39	(0.06)	0.00	(0.07)	0.00	0.00	2.50	(3.77)	7.35
TEFQX	1.72	0.06	0.02	0.01	2.52	(1.52)	3.08	(3.49)	10.40
WFTDX	0.92	(0.03)	0.00	(0.06)	0.00	0.00	1.87	(2.00)	4.98

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