Aberdeen Gbl Correlations

WVCCX Fund

USD 30.23 0.21 0.69%

The current 90-days correlation between Aberdeen Gbl Small and Vanguard Health Care is 0.32 (i.e., Weak diversification). The correlation of Aberdeen Gbl 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 Gbl Correlation With Market

Very weak diversification

The correlation between Aberdeen Gbl Small and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Gbl Small and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Aberdeen Gbl Small. 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

0.69	GEGAX	Aberdeen Emerging Markets	Pair Corr
0.67	GEGCX	Aberdeen Emerging Markets	Pair Corr
0.68	GEMRX	Aberdeen Emerging Markets	Pair Corr
0.69	CGFIX	Aberdeen Global Fixed	Pair Corr
0.67	AAHMX	Aberdeen Short Duration	Pair Corr
0.62	ABESX	Aberdeen Tax Free	Pair Corr
0.69	ABEMX	Aberdeen Emerging Markts	Pair Corr
0.62	ABEIX	Aberdeen Tax Free	Pair Corr
1.0	ABNIX	Aberdeen Global Small	Pair Corr
0.61	ATOBX	Aberdeen Ultra Short	Pair Corr
0.62	ATOIX	Alpine Ultra Short	Pair Corr
0.63	ACHMX	Abrdn Short Duration	Pair Corr
0.95	ADAVX	Alpine Dynamic Dividend	Pair Corr
0.95	ADVDX	Alpine Dynamic Dividend	Pair Corr
0.69	AEMSX	Aberden Emerng Mrkts	Pair Corr
0.9	BJBHX	Aberdeen Global High	Pair Corr
0.9	JHYIX	Aberdeen Global High	Pair Corr
0.7	AGCIX	Aberdeen Global Unco	Pair Corr

Related Correlations Analysis

	VGHCX	XXGRX	LYFCX	HCPIX	ETAHX	SHSAX	PJHRX
VGHCX		0.37	0.37	0.17	0.35	0.27	0.91	VGHCX
XXGRX	0.37		0.88	0.84	0.4	0.85	0.02	XXGRX
LYFCX	0.37	0.88		0.95	0.45	0.97	0.01	LYFCX
HCPIX	0.17	0.84	0.95		0.23	0.94	-0.22	HCPIX
ETAHX	0.35	0.4	0.45	0.23		0.51	0.34	ETAHX
SHSAX	0.27	0.85	0.97	0.94	0.51		-0.08	SHSAX
PJHRX	0.91	0.02	0.01	-0.22	0.34	-0.08		PJHRX
	VGHCX	XXGRX	LYFCX	HCPIX	ETAHX	SHSAX	PJHRX

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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

SHSAX	+ 0.97	LYFCX
HCPIX	+ 0.95	LYFCX
SHSAX	+ 0.94	HCPIX
PJHRX	+ 0.91	VGHCX
LYFCX	+ 0.88	XXGRX
SHSAX	+ 0.85	XXGRX

High negative correlations

PJHRX	- 0.22	HCPIX
PJHRX	- 0.08	SHSAX

Risk-Adjusted Indicators

There is a big difference between Aberdeen Mutual Fund performing well and Aberdeen Gbl 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 Gbl'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
VGHCX	0.77	(0.10)	0.00	(0.26)	0.00	0.00	1.49	(1.50)	8.17
XXGRX	0.76	0.02	0.00	(0.03)	0.00	0.00	1.51	(1.62)	4.62
LYFCX	0.59	0.04	0.10	0.02	0.71	(0.61)	1.17	(1.20)	3.17
HCPIX	0.99	0.12	0.13	0.11	0.99	(1.10)	1.88	(1.69)	4.95
ETAHX	1.15	0.01	0.00	(0.06)	0.00	0.00	1.88	(2.74)	6.50
SHSAX	0.63	0.06	0.12	0.04	0.71	(0.70)	1.33	(0.95)	3.73
PJHRX	1.07	(0.19)	0.00	(0.41)	0.00	0.00	1.79	(2.06)	14.08

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