Aberdeen Global Correlations

Mutual Funds . USA . 
Fund . Aberdeen Global Fixed
CGFIX Fund  USD 8.56  0.01  0.12%   
The current 90-days correlation between Aberdeen Global Fixed and Growth Allocation Fund is 0.37 (i.e., Weak diversification). The correlation of Aberdeen 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.

Aberdeen Global Correlation With Market

Significant diversification

The correlation between Aberdeen Global Fixed and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Global Fixed and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aberdeen Global Fixed. 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 Aberdeen Mutual Fund

  0.8GEGAX Aberdeen Emerging MarketsPairCorr
  0.76GEGCX Aberdeen Emerging MarketsPairCorr
  0.76GEMRX Aberdeen Emerging MarketsPairCorr
  0.81GWLIX Aberdeen Gbl EqPairCorr
  0.81GWLRX Aberdeen Gbl EqPairCorr
  0.79STK Columbia Seligman PremiumPairCorr
  0.74GXXAX Aberdeen Equity APairCorr
  0.7GXXIX Aberdeen Equity InstlPairCorr
  0.71GGLIX Aberdeen Multi CapPairCorr
  0.73WVCCX Aberdeen Gbl SmallPairCorr
  0.81ASEMX Abrdn Em SmaPairCorr
  0.76ABEMX Aberdeen Emerging MarktsPairCorr
  0.69ABNIX Aberdeen Global SmallPairCorr
  0.73ATOAX Alpine Ultra ShortPairCorr
  0.76ATOBX Aberdeen Ultra ShortPairCorr
  0.75ATOIX Alpine Ultra ShortPairCorr
  0.82JETAX Aberdeen Select IntePairCorr
  0.79JETIX Aberdeen Select IntePairCorr
  0.81ADAVX Alpine Dynamic DividendPairCorr
  0.76ADVDX Alpine Dynamic DividendPairCorr
  0.84GLLAX Aberdeen Gbl EqPairCorr
  0.84GLLCX Aberdeen Gbl EqPairCorr
  0.81GLLSX Aberdeen Global EqutyPairCorr
  0.76AEMSX Aberden Emerng MrktsPairCorr
  0.9BJBHX Aberdeen Global HighPairCorr
  0.85JHYIX Aberdeen Global HighPairCorr
  0.74GNSRX Aberdeen Small CapPairCorr
  0.96AGCIX Aberdeen Global UncoPairCorr
  0.64GOPRX Aberdeen China OpptyPairCorr
  0.69GOPAX Aberdeen China OpptyPairCorr
  0.63GOPCX Aberdeen China OpptyPairCorr
  0.69GOPIX Aberdeen China OpptyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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

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