Aberdeen Emerging Correlations

GEGCX Fund

USD 17.24 0.03 0.17%

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 weak diversification

The correlation between Aberdeen Emerging Markets and DJI is 0.51 (i.e., Very weak 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 private.

Moving together with Aberdeen Mutual Fund

0.95	GEGAX	Aberdeen Emerging Markets	Pair Corr
1.0	GEMRX	Aberdeen Emerging Markets	Pair Corr
0.91	GWLRX	Aberdeen Gbl Eq	Pair Corr
0.93	STK	Columbia Seligman Premium	Pair Corr
0.79	CGFIX	Aberdeen Global Fixed	Pair Corr
0.62	GXXAX	Aberdeen Equity A	Pair Corr
0.65	GXXIX	Aberdeen Equity Instl	Pair Corr
0.66	GGLIX	Aberdeen Multi Cap	Pair Corr
0.95	ASEMX	Abrdn Em Sma	Pair Corr
0.95	ABEMX	Aberdeen Emerging Markts	Pair Corr
0.71	ATOAX	Alpine Ultra Short	Pair Corr
0.68	ATOIX	Alpine Ultra Short	Pair Corr
0.9	ADAVX	Alpine Dynamic Dividend	Pair Corr
0.9	ADVDX	Alpine Dynamic Dividend	Pair Corr
0.91	GLLAX	Aberdeen Gbl Eq	Pair Corr
0.95	GLLCX	Aberdeen Gbl Eq	Pair Corr
1.0	AEMSX	Aberden Emerng Mrkts	Pair Corr
0.65	AHYMX	Alpine High Yield	Pair Corr
0.74	AIAFX	Alpine Global Infras	Pair Corr
0.97	VEMAX	Vanguard Emerging Markets	Pair Corr
0.97	VEIEX	Vanguard Emerging Markets	Pair Corr
0.97	VEMIX	Vanguard Emerging Markets	Pair Corr
0.97	VEMRX	Vanguard Emerging Markets	Pair Corr
0.98	FWWNX	American Funds New	Pair Corr
0.98	FNFWX	American Funds New	Pair Corr
0.93	NEWFX	New World Fund	Pair Corr
0.98	NWFFX	New World Fund	Pair Corr
0.98	NEWCX	New World Fund	Pair Corr
0.98	ODVYX	Oppenheimer Developing	Pair Corr

Moving against Aberdeen Mutual Fund

0.94	USPSX	Profunds Ultrashort	Pair Corr
0.94	USPIX	Profunds Ultrashort	Pair Corr
0.68	TCTGX	Transamerica Cleartrack	Pair Corr
0.68	TCTJX	Transamerica Cleartrack	Pair Corr
0.67	TDKTX	Cleartrack 2015 Class	Pair Corr
0.64	TCSUX	Cleartrack 2020 Class	Pair Corr
0.55	PDI	Pimco Dynamic Income	Pair Corr

Related Correlations Analysis

	PFCXX	FMFXX	FZDXX	STSEX	AEYXX
PFCXX		0.0	0.0	0.0	0.0	PFCXX
FMFXX	0.0		0.0	0.0	0.0	FMFXX
FZDXX	0.0	0.0		0.0	0.0	FZDXX
STSEX	0.0	0.0	0.0		0.0	STSEX
AEYXX	0.0	0.0	0.0	0.0		AEYXX
	PFCXX	FMFXX	FZDXX	STSEX	AEYXX

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

FMFXX	+ 0.0	PFCXX
FZDXX	+ 0.0	PFCXX
STSEX	+ 0.0	PFCXX
AEYXX	+ 0.0	PFCXX
FZDXX	+ 0.0	FMFXX
STSEX	+ 0.0	FMFXX

High negative correlations

AEYXX	- 0.0	STSEX
AEYXX	- 0.0	FZDXX
STSEX	- 0.0	FZDXX
AEYXX	- 0.0	FMFXX
STSEX	- 0.0	FMFXX
FZDXX	- 0.0	FMFXX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PFCXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FMFXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FZDXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
STSEX	0.50	(0.04)	(0.10)	0.02	0.59	(0.55)	0.92	(0.99)	2.62
AEYXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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

2025 Macroaxis LLC