Abrdn Physical Correlations

PPLT Etf

USD 89.32 0.15 0.17%

The current 90-days correlation between abrdn Physical Platinum and abrdn Physical Palladium is 0.59 (i.e., Very weak diversification). The correlation of Abrdn Physical 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.

Abrdn Physical Correlation With Market

Significant diversification

The correlation between abrdn Physical Platinum and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding abrdn Physical Platinum and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in abrdn Physical Platinum. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Abrdn Etf

0.85	GLD	SPDR Gold Shares	Pair Corr
0.85	IAU	iShares Gold Trust	Pair Corr
0.9	SLV	iShares Silver Trust	Pair Corr
0.86	GLDM	SPDR Gold MiniShares	Pair Corr
0.85	SGOL	abrdn Physical Gold	Pair Corr
0.88	GLTR	abrdn Physical Precious	Pair Corr
0.9	SIVR	abrdn Physical Silver	Pair Corr
0.85	IAUM	iShares Gold Trust	Pair Corr
0.67	T	ATT Inc Aggressive Push	Pair Corr
0.74	MMM	3M Company	Pair Corr
0.65	JNJ	Johnson Johnson	Pair Corr
0.75	IBM	International Business	Pair Corr
0.78	GE	GE Aerospace	Pair Corr

Moving against Abrdn Etf

0.53	NAIL	Direxion Daily Homeb	Pair Corr
0.49	USD	ProShares Ultra Semi	Pair Corr
0.47	TECL	Direxion Daily Technology	Pair Corr
0.43	FNGU	MicroSectors FANG Index Symbol Change	Pair Corr
0.41	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.32	FNGO	MicroSectors FANG Index	Pair Corr
0.63	MRK	Merck Company	Pair Corr
0.45	CAT	Caterpillar	Pair Corr
0.43	AA	Alcoa Corp	Pair Corr
0.39	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.01	0.57	-0.52	0.29	0.43	0.3	0.91	-0.73	-0.04	META
MSFT	-0.01		-0.6	-0.02	-0.8	0.72	0.88	0.12	0.42	-0.56	MSFT
UBER	0.57	-0.6		-0.23	0.81	-0.28	-0.52	0.54	-0.84	0.57	UBER
F	-0.52	-0.02	-0.23		0.06	-0.14	-0.2	-0.41	0.44	0.42	F
T	0.29	-0.8	0.81	0.06		-0.6	-0.72	0.19	-0.65	0.61	T
A	0.43	0.72	-0.28	-0.14	-0.6		0.82	0.57	0.13	-0.38	A
CRM	0.3	0.88	-0.52	-0.2	-0.72	0.82		0.35	0.22	-0.62	CRM
JPM	0.91	0.12	0.54	-0.41	0.19	0.57	0.35		-0.63	0.0	JPM
MRK	-0.73	0.42	-0.84	0.44	-0.65	0.13	0.22	-0.63		-0.35	MRK
XOM	-0.04	-0.56	0.57	0.42	0.61	-0.38	-0.62	0.0	-0.35		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

JPM	+ 0.91	META
CRM	+ 0.88	MSFT
CRM	+ 0.82	A
T	+ 0.81	UBER
A	+ 0.72	MSFT
XOM	+ 0.61	T

High negative correlations

MRK	- 0.84	UBER
T	- 0.8	MSFT
MRK	- 0.73	META
CRM	- 0.72	T
MRK	- 0.65	T
MRK	- 0.63	JPM

Abrdn Physical Competition Risk-Adjusted Indicators

There is a big difference between Abrdn Etf performing well and Abrdn Physical ETF 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 Abrdn Physical'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
META	1.63	0.03	0.01	0.02	2.30	(1.45)	2.96	(3.73)	8.90
MSFT	1.11	(0.21)	0.00	(0.24)	0.00	0.00	2.58	(2.14)	10.31
UBER	1.89	0.35	0.15	0.55	2.08	(2.07)	4.72	(3.13)	12.75
F	1.44	0.10	0.05	0.09	2.16	(1.40)	2.71	(2.88)	10.14
T	0.99	0.29	0.17	0.54	1.45	(1.12)	1.90	(1.55)	11.66
A	1.16	(0.19)	0.00	(0.18)	0.00	0.00	2.92	(2.59)	9.03
CRM	1.40	(0.29)	0.00	(0.24)	0.00	0.00	2.72	(3.81)	8.88
JPM	1.14	0.06	0.03	0.24	1.76	(1.09)	2.16	(3.35)	6.85
MRK	1.24	(0.18)	0.00	1.61	0.00	0.00	2.07	(2.25)	11.58
XOM	1.03	0.13	0.09	0.29	1.29	(1.05)	2.55	(2.36)	5.89

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