Abrdn Global Correlations

XAGIX Fund  USD 20.09  0.02  0.1%   
The current 90-days correlation between Abrdn Global Infrast and First Eagle Gold is -0.08 (i.e., Good diversification). The correlation of Abrdn 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.

Abrdn Global Correlation With Market

Good diversification

The correlation between Abrdn Global Infrastructure and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Abrdn Global Infrastructure 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 Abrdn Global Infrastructure. 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 Abrdn Mutual Fund

  0.66VGTSX Vanguard Total InterPairCorr
  0.66VTIAX Vanguard Total InterPairCorr
  0.63CVX Chevron CorpPairCorr
  0.67TRV The Travelers CompaniesPairCorr
  0.71VZ Verizon CommunicationsPairCorr
  0.61INTC IntelPairCorr
  0.68T ATT Inc Aggressive PushPairCorr
  0.71XOM Exxon Mobil Corp Earnings Call This WeekPairCorr

Moving against Abrdn Mutual Fund

  0.64DIS Walt DisneyPairCorr
  0.59AXP American ExpressPairCorr
  0.59HPQ HP IncPairCorr
  0.54MSFT MicrosoftPairCorr
  0.42VTSMX Vanguard Total StockPairCorr
  0.42VITSX Vanguard Total StockPairCorr
  0.42VSTSX Vanguard Total StockPairCorr
  0.42VSMPX Vanguard Total StockPairCorr
  0.41VTSAX Vanguard Total StockPairCorr
  0.4VFINX Vanguard 500 IndexPairCorr
  0.4VFFSX Vanguard 500 IndexPairCorr
  0.39VFIAX Vanguard 500 IndexPairCorr
  0.37WMT WalmartPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Abrdn Mutual Fund performing well and Abrdn 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 Abrdn 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.