Aberdeen Emerging Correlations

Mutual Funds . USA . 
Fund . Aberdeen Emerging Markets
GEGCX Fund  USD 14.96  0.06  0.40%   
The current 90-days correlation between Aberdeen Emerging Markets and Voya Government Money is 0.02 (i.e., Significant diversification). The correlation of Aberdeen Emerging 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 Emerging Correlation With Market

Very poor diversification

The correlation between Aberdeen Emerging Markets and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Aberdeen Emerging Markets. 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 main economic indicators.

Moving together with Aberdeen Mutual Fund

  0.97GEGAX Aberdeen Emerging MarketsPairCorr
  1.0GEMRX Aberdeen Emerging MarketsPairCorr
  0.98GWLIX Aberdeen Gbl EqPairCorr
  0.98GWLRX Aberdeen Gbl EqPairCorr
  0.93STK Columbia Seligman PremiumPairCorr
  0.76CGFIX Aberdeen Global FixedPairCorr
  0.94GXXAX Aberdeen Equity APairCorr
  0.97GXXIX Aberdeen Equity InstlPairCorr
  0.97GGLIX Aberdeen Multi CapPairCorr
  0.97WVCCX Aberdeen Gbl SmallPairCorr
  0.98ASEMX Abrdn Em SmaPairCorr
  1.0ABEMX Aberdeen Emerging MarktsPairCorr
  0.97ABNIX Aberdeen Global SmallPairCorr
  0.87ATOAX Alpine Ultra ShortPairCorr
  0.89ATOBX Aberdeen Ultra ShortPairCorr
  0.87ATOIX Alpine Ultra ShortPairCorr
  0.97JETAX Aberdeen Select IntePairCorr
  0.99JETIX Aberdeen Select IntePairCorr
  0.94ADAVX Alpine Dynamic DividendPairCorr
  0.98ADVDX Alpine Dynamic DividendPairCorr
  0.97GLLAX Aberdeen Gbl EqPairCorr
  0.97GLLCX Aberdeen Gbl EqPairCorr
  0.98GLLSX Aberdeen Global EqutyPairCorr
  1.0AEMSX Aberden Emerng MrktsPairCorr
  0.94BJBHX Aberdeen Global HighPairCorr
  0.96JHYIX Aberdeen Global HighPairCorr
  0.98GNSRX Aberdeen Small CapPairCorr
  0.81AGCIX Aberdeen Global UncoPairCorr
  0.92GOPRX Aberdeen China OpptyPairCorr
  0.87GOPAX Aberdeen China OpptyPairCorr
  0.87GOPIX Aberdeen China OpptyPairCorr
  0.97CPVCX Aberdeen Gbl SmallPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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