Aberdeen Global Correlations

JHYIX Fund

USD 6.91 0.02 0.29%

The current 90-days correlation between Aberdeen Global High and Aqr Equity Market is 0.07 (i.e., Significant diversification). The correlation of Aberdeen Global 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 Global Correlation With Market

Very weak diversification

The correlation between Aberdeen Global High and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Global High 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 Global High. 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

0.84	CGFIX	Aberdeen Global Fixed	Pair Corr
0.9	WVCCX	Aberdeen Gbl Small	Pair Corr
0.78	NTFAX	Aberdeen Tax Free	Pair Corr
0.86	AAHMX	Aberdeen Short Duration	Pair Corr
0.8	ABESX	Aberdeen Tax Free	Pair Corr
0.8	ABEIX	Aberdeen Tax Free	Pair Corr
0.9	ABNIX	Aberdeen Global Small	Pair Corr
0.72	ATOAX	Alpine Ultra Short	Pair Corr
0.77	ATOBX	Aberdeen Ultra Short	Pair Corr
0.75	ATOIX	Alpine Ultra Short	Pair Corr
0.79	ACHMX	Abrdn Short Duration	Pair Corr
0.89	ADAVX	Alpine Dynamic Dividend	Pair Corr
0.89	ADVDX	Alpine Dynamic Dividend	Pair Corr
1.0	BJBHX	Aberdeen Global High	Pair Corr
0.84	AGCIX	Aberdeen Global Unco	Pair Corr
0.63	GOPSX	Aberdeen China Oppty	Pair Corr

Moving against Aberdeen Mutual Fund

0.33	GWLRX	Aberdeen Gbl Eq	Pair Corr
0.32	GLLAX	Aberdeen Gbl Eq	Pair Corr
0.31	GWLIX	Aberdeen Gbl Eq	Pair Corr
0.34	GLLCX	Aberdeen Gbl Eq	Pair Corr
0.32	GLLSX	Aberdeen Global Equty	Pair Corr

Related Correlations Analysis

	QMNIX	PACEX	CBHAX	APDOX	PWEAX	PIEFX	BXECX
QMNIX		0.91	0.84	0.91	0.77	0.81	0.94	QMNIX
PACEX	0.91		0.8	0.83	0.79	0.85	0.96	PACEX
CBHAX	0.84	0.8		0.68	0.69	0.72	0.8	CBHAX
APDOX	0.91	0.83	0.68		0.72	0.76	0.9	APDOX
PWEAX	0.77	0.79	0.69	0.72		0.98	0.79	PWEAX
PIEFX	0.81	0.85	0.72	0.76	0.98		0.82	PIEFX
BXECX	0.94	0.96	0.8	0.9	0.79	0.82		BXECX
	QMNIX	PACEX	CBHAX	APDOX	PWEAX	PIEFX	BXECX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Aberdeen Mutual Fund performing well and Aberdeen Global 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 Global'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
QMNIX	0.30	0.15	0.54	0.91	0.00	(0.41)	0.68	(0.39)	1.97
PACEX	0.12	0.02	0.47	0.48	0.00	(0.20)	0.33	(0.22)	0.76
CBHAX	0.19	0.03	0.37	(0.40)	0.00	(0.25)	0.36	(0.36)	1.20
APDOX	0.16	0.03	0.33	0.92	0.10	(0.18)	0.30	(0.29)	1.07
PWEAX	0.72	0.06	0.11	0.09	0.85	(0.84)	1.55	(1.59)	5.83
PIEFX	0.99	0.10	0.10	0.15	1.26	(0.99)	2.06	(2.04)	6.94
BXECX	0.19	0.04	0.36	0.67	0.00	(0.32)	0.55	(0.27)	1.21

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