Aberdeen Asia Correlations

XFAPX Fund

USD 17.27 0.07 0.40%

The current 90-days correlation between Aberdeen Asia Pacificome and Black Oak Emerging is 0.12 (i.e., Average diversification). The correlation of Aberdeen Asia 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 Asia Correlation With Market

Average diversification

The correlation between Aberdeen Asia Pacificome and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Asia Pacificome 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 Asia Pacificome. 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 american community survey.

Moving together with Aberdeen Mutual Fund

0.85	VGTSX	Vanguard Total Inter	Pair Corr
0.85	VTIAX	Vanguard Total Inter	Pair Corr
0.64	XNXJX	Nuveen New Jersey	Pair Corr
0.77	NXJ	Nuveen New Jersey	Pair Corr
0.76	XNBHX	Neuberger Berman Int	Pair Corr

Moving against Aberdeen Mutual Fund

0.93	XNKGX	Nuveen Georgia Quality	Pair Corr
0.85	VITSX	Vanguard Total Stock	Pair Corr
0.84	VFIAX	Vanguard 500 Index	Pair Corr
0.84	VFINX	Vanguard 500 Index	Pair Corr
0.83	VTSAX	Vanguard Total Stock	Pair Corr
0.83	VTSMX	Vanguard Total Stock	Pair Corr
0.83	VSTSX	Vanguard Total Stock	Pair Corr
0.83	VSMPX	Vanguard Total Stock	Pair Corr
0.82	VFFSX	Vanguard 500 Index	Pair Corr
0.79	XPPRX	Voya Prime Rate	Pair Corr
0.9	FLOCX	Power Floating Rate	Pair Corr
0.89	ETV	Eaton Vance Tax	Pair Corr
0.89	MSPTX	Global Advantage Por	Pair Corr
0.87	MLXIX	Catalyst Mlp Infrast	Pair Corr
0.86	CSRRX	Columbia Select Large	Pair Corr
0.85	BKPIX	Banks Ultrasector Profund	Pair Corr
0.83	VDEQX	Vanguard Diversified	Pair Corr
0.83	ADOIX	Acm Dynamic Opportunity	Pair Corr
0.82	VRSGX	Virtus Kar Small	Pair Corr
0.81	HIIFX	Catalystsmh High Income	Pair Corr
0.76	FCNTX	Fidelity Contrafund	Pair Corr
0.67	HIGCX	Eagle Growth Income	Pair Corr
0.65	PALDX	Prudential 6040 Allo	Pair Corr
0.61	IATXX	Transamerica Funds	Pair Corr
0.44	PCF	Putnam High Income	Pair Corr
0.93	FLARX	Pioneer Floating Rate	Pair Corr
0.92	CFRAX	Catalystprinceton	Pair Corr
0.88	JHTRX	Jpmorgan Hedged Equity	Pair Corr
0.87	MLXAX	Catalyst Mlp Infrast	Pair Corr
0.85	STCIX	Ridgeworth Silvant Large	Pair Corr
0.84	VRLCX	Voya Large Cap	Pair Corr

Related Correlations Analysis

	BOGSX	EMCIX	EPASX	REMVX	SEKRX	POEIX
BOGSX		0.24	-0.14	-0.2	0.03	0.21	BOGSX
EMCIX	0.24		0.5	0.43	0.5	0.65	EMCIX
EPASX	-0.14	0.5		0.91	0.92	0.84	EPASX
REMVX	-0.2	0.43	0.91		0.87	0.76	REMVX
SEKRX	0.03	0.5	0.92	0.87		0.93	SEKRX
POEIX	0.21	0.65	0.84	0.76	0.93		POEIX
	BOGSX	EMCIX	EPASX	REMVX	SEKRX	POEIX

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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

POEIX	+ 0.93	SEKRX
SEKRX	+ 0.92	EPASX
REMVX	+ 0.91	EPASX
SEKRX	+ 0.87	REMVX
POEIX	+ 0.84	EPASX
POEIX	+ 0.76	REMVX

High negative correlations

REMVX	- 0.2	BOGSX
EPASX	- 0.14	BOGSX

Risk-Adjusted Indicators

There is a big difference between Aberdeen Mutual Fund performing well and Aberdeen Asia 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 Asia'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
BOGSX	0.93	0.00	0.00	0.02	1.26	(0.93)	1.65	(1.98)	5.68
EMCIX	0.17	0.01	(0.06)	(0.25)	0.08	(0.32)	0.52	(0.35)	1.05
EPASX	0.73	0.01	(0.01)	(1.06)	0.97	(0.77)	1.52	(1.70)	6.47
REMVX	0.85	0.00	(0.01)	0.03	1.02	(0.99)	1.74	(1.98)	6.85
SEKRX	0.70	0.04	0.02	6.91	0.84	(0.77)	1.85	(1.35)	5.33
POEIX	0.73	0.06	0.05	1.42	0.75	(0.87)	1.54	(1.23)	5.70

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