Aberdeen Australia Correlations

XIAFX Fund

USD 4.92 0.03 0.61%

The current 90-days correlation between Aberdeen Australia Equity and Vanguard Total Stock is 0.2 (i.e., Modest diversification). The correlation of Aberdeen Australia 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 Australia Correlation With Market

Average diversification

The correlation between Aberdeen Australia Equity and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Australia Equity 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 Australia Equity. 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 census.

Moving against Aberdeen Mutual Fund

0.53	XNKGX	Nuveen Georgia Quality	Pair Corr
0.46	XPPRX	Voya Prime Rate	Pair Corr
0.4	VFIAX	Vanguard 500 Index	Pair Corr
0.4	VITSX	Vanguard Total Stock	Pair Corr
0.4	VFINX	Vanguard 500 Index	Pair Corr
0.4	VFFSX	Vanguard 500 Index	Pair Corr
0.39	VTSAX	Vanguard Total Stock	Pair Corr
0.39	VTSMX	Vanguard Total Stock	Pair Corr
0.39	VSTSX	Vanguard Total Stock	Pair Corr
0.39	VSMPX	Vanguard Total Stock	Pair Corr
0.51	FSAWX	Fidelity Sai Convertible	Pair Corr
0.51	VIGAX	Vanguard Growth Index	Pair Corr
0.51	PYBLX	Payden Floating Rate	Pair Corr
0.43	PGKRX	Pgim Jennison Technology	Pair Corr
0.4	FRBCX	Regional Bank	Pair Corr
0.33	VSCIX	Vanguard Small Cap	Pair Corr
0.32	FSELX	Fidelity Select Semi Steady Growth	Pair Corr
0.49	SWVXX	Schwab Value Advantage	Pair Corr
0.45	ETY	Eaton Vance Tax	Pair Corr
0.4	FCCVX	Fidelity Vertible	Pair Corr
0.38	BTO	John Hancock Financial	Pair Corr
0.31	SMAIX	Ultra Short Term	Pair Corr

Related Correlations Analysis

	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX
VTSAX		0.96	1.0	0.97	1.0	1.0	0.96	1.0	-0.61	-0.61	VTSAX
VFIAX	0.96		0.96	1.0	0.96	0.96	1.0	0.96	-0.61	-0.61	VFIAX
VTSMX	1.0	0.96		0.97	1.0	1.0	0.96	1.0	-0.61	-0.61	VTSMX
VITSX	0.97	1.0	0.97		0.97	0.97	1.0	0.97	-0.63	-0.63	VITSX
VSTSX	1.0	0.96	1.0	0.97		1.0	0.96	1.0	-0.61	-0.61	VSTSX
VSMPX	1.0	0.96	1.0	0.97	1.0		0.96	1.0	-0.61	-0.61	VSMPX
VFINX	0.96	1.0	0.96	1.0	0.96	0.96		0.96	-0.61	-0.61	VFINX
VFFSX	1.0	0.96	1.0	0.97	1.0	1.0	0.96		-0.58	-0.58	VFFSX
VGTSX	-0.61	-0.61	-0.61	-0.63	-0.61	-0.61	-0.61	-0.58		1.0	VGTSX
VTIAX	-0.61	-0.61	-0.61	-0.63	-0.61	-0.61	-0.61	-0.58	1.0		VTIAX
	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

VTSMX	+ 1.0	VTSAX
VSTSX	+ 1.0	VTSAX
VSMPX	+ 1.0	VTSAX
VFFSX	+ 1.0	VTSAX
VITSX	+ 1.0	VFIAX
VFINX	+ 1.0	VFIAX

High negative correlations

VTIAX	- 0.63	VITSX
VGTSX	- 0.63	VITSX
VTIAX	- 0.61	VFINX
VGTSX	- 0.61	VFINX
VTIAX	- 0.61	VSMPX
VGTSX	- 0.61	VSMPX

Risk-Adjusted Indicators

There is a big difference between Aberdeen Mutual Fund performing well and Aberdeen Australia 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 Australia'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
VTSAX	0.50	0.07	0.09	0.14	0.45	(0.56)	0.98	(0.94)	4.11
VFIAX	0.47	0.11	0.09	3.65	0.44	(0.49)	0.97	(0.93)	3.84
VTSMX	0.50	0.07	0.09	0.14	0.45	(0.56)	0.98	(0.94)	4.11
VITSX	0.50	0.12	0.10	2.39	0.44	(0.55)	0.98	(0.94)	4.11
VSTSX	0.50	0.07	0.09	0.14	0.45	(0.56)	0.98	(0.94)	4.11
VSMPX	0.50	0.07	0.09	0.14	0.45	(0.56)	0.98	(0.94)	4.11
VFINX	0.47	0.11	0.09	3.60	0.44	(0.49)	0.97	(0.93)	3.84
VFFSX	0.48	0.06	0.07	0.14	0.44	(0.50)	0.97	(0.93)	3.84
VGTSX	0.57	(0.06)	0.00	(0.14)	0.00	0.00	1.15	(1.04)	4.09
VTIAX	0.57	(0.06)	0.00	(0.13)	0.00	0.00	1.15	(1.01)	4.11

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC