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

0.66	VGTSX	Vanguard Total Inter	Pair Corr
0.66	VTIAX	Vanguard Total Inter	Pair Corr
0.63	CVX	Chevron Corp	Pair Corr
0.67	TRV	The Travelers Companies	Pair Corr
0.71	VZ	Verizon Communications	Pair Corr
0.61	INTC	Intel	Pair Corr
0.68	T	ATT Inc Aggressive Push	Pair Corr
0.71	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr

Moving against Abrdn Mutual Fund

0.64	DIS	Walt Disney	Pair Corr
0.59	AXP	American Express	Pair Corr
0.59	HPQ	HP Inc	Pair Corr
0.54	MSFT	Microsoft	Pair Corr
0.42	VTSMX	Vanguard Total Stock	Pair Corr
0.42	VITSX	Vanguard Total Stock	Pair Corr
0.42	VSTSX	Vanguard Total Stock	Pair Corr
0.42	VSMPX	Vanguard Total Stock	Pair Corr
0.41	VTSAX	Vanguard Total Stock	Pair Corr
0.4	VFINX	Vanguard 500 Index	Pair Corr
0.4	VFFSX	Vanguard 500 Index	Pair Corr
0.39	VFIAX	Vanguard 500 Index	Pair Corr
0.37	WMT	Walmart	Pair Corr

Related Correlations Analysis

	FEGOX	GLDAX	VGSBX	AGYCX	IOGYX	SGDLX	FGDIX
FEGOX		0.99	0.82	0.9	0.98	0.97	0.9	FEGOX
GLDAX	0.99		0.77	0.89	0.99	0.99	0.88	GLDAX
VGSBX	0.82	0.77		0.72	0.7	0.7	0.75	VGSBX
AGYCX	0.9	0.89	0.72		0.88	0.89	1.0	AGYCX
IOGYX	0.98	0.99	0.7	0.88		1.0	0.88	IOGYX
SGDLX	0.97	0.99	0.7	0.89	1.0		0.88	SGDLX
FGDIX	0.9	0.88	0.75	1.0	0.88	0.88		FGDIX
	FEGOX	GLDAX	VGSBX	AGYCX	IOGYX	SGDLX	FGDIX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FEGOX	1.10	0.39	0.28	(2.90)	0.97	(1.26)	2.28	(2.16)	6.31
GLDAX	1.10	0.43	0.31	(47.40)	0.82	(1.20)	2.83	(2.20)	6.45
VGSBX	0.18	0.02	0.09	(0.29)	0.08	(0.24)	0.43	(0.32)	0.98
AGYCX	1.25	0.45	0.28	1.01	1.12	(1.45)	2.74	(2.62)	7.30
IOGYX	1.24	0.35	0.23	(3.18)	1.17	(1.41)	2.70	(2.31)	7.70
SGDLX	1.24	0.35	0.21	(11.88)	1.18	(1.38)	3.01	(2.81)	7.21
FGDIX	1.25	0.43	0.28	1.04	1.13	(1.48)	3.15	(2.54)	6.82

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