Abrdn Global Correlations

XAGIX Fund

USD 19.37 0.15 0.77%

The current 90-days correlation between Abrdn Global Infrast and International Investors Gold is -0.06 (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 -0.11 (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

0.87	BRUFX	Bruce Fund Bruce	Pair Corr
0.66	SPGSX	State Street Premier	Pair Corr
0.78	AA	Alcoa Corp	Pair Corr
0.73	DIS	Walt Disney	Pair Corr
0.76	XOM	Exxon Mobil Corp	Pair Corr
0.78	DD	Dupont De Nemours	Pair Corr
0.68	HD	Home Depot	Pair Corr
0.74	PG	Procter Gamble	Pair Corr
0.76	TRV	The Travelers Companies	Pair Corr

Moving against Abrdn Mutual Fund

0.61	RYMEX	Commodities Strategy	Pair Corr
0.61	RYMJX	Commodities Strategy	Pair Corr
0.61	RYMBX	Commodities Strategy	Pair Corr
0.7	BA	Boeing	Pair Corr

Related Correlations Analysis

	IIGCX	GLDAX	FGDIX	UNWPX	FEGOX	EPGIX	EPGFX
IIGCX		1.0	1.0	0.92	0.99	0.96	0.96	IIGCX
GLDAX	1.0		1.0	0.92	0.99	0.96	0.96	GLDAX
FGDIX	1.0	1.0		0.93	1.0	0.96	0.96	FGDIX
UNWPX	0.92	0.92	0.93		0.92	0.84	0.84	UNWPX
FEGOX	0.99	0.99	1.0	0.92		0.96	0.96	FEGOX
EPGIX	0.96	0.96	0.96	0.84	0.96		1.0	EPGIX
EPGFX	0.96	0.96	0.96	0.84	0.96	1.0		EPGFX
	IIGCX	GLDAX	FGDIX	UNWPX	FEGOX	EPGIX	EPGFX

Click cells to compare fundamentals

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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
IIGCX	1.27	0.12	0.07	0.23	1.67	(1.25)	2.68	(3.04)	7.27
GLDAX	1.12	0.09	0.06	0.18	1.55	(1.07)	2.79	(2.88)	7.13
FGDIX	1.29	0.13	0.08	0.24	1.66	(1.35)	2.62	(2.96)	6.82
UNWPX	1.22	0.12	0.08	0.30	1.35	(1.50)	2.67	(2.50)	6.69
FEGOX	1.20	0.11	0.07	0.22	1.59	(1.21)	2.28	(2.89)	6.86
EPGIX	1.34	0.05	0.03	0.12	1.78	(1.32)	2.56	(2.98)	7.74
EPGFX	1.34	0.05	0.03	0.12	1.79	(1.31)	2.59	(3.10)	7.71

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