Aberdeen Correlations

GGLIX Fund

USD 13.84 0.02 0.14%

The current 90-days correlation between Aberdeen Multi Cap and Aberdeen Emerging Markets is 0.02 (i.e., Significant diversification). The correlation of Aberdeen 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 Correlation With Market

Almost no diversification

The correlation between Aberdeen Multi Cap Equity and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Multi Cap Equity 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 Multi Cap 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 gross domestic product.

Moving together with Aberdeen Mutual Fund

0.96	GEGAX	Aberdeen Emerging Markets	Pair Corr
0.96	GEGCX	Aberdeen Emerging Markets	Pair Corr
0.96	GEMRX	Aberdeen Emerging Markets	Pair Corr
0.94	GWLIX	Aberdeen Gbl Eq	Pair Corr
0.94	GWLRX	Aberdeen Gbl Eq	Pair Corr
0.96	STK	Columbia Seligman Premium	Pair Corr
0.83	CGFIX	Aberdeen Global Fixed	Pair Corr
0.97	GXXAX	Aberdeen Equity A	Pair Corr
1.0	GXXIX	Aberdeen Equity Instl	Pair Corr
0.97	WVCCX	Aberdeen Gbl Small	Pair Corr
0.63	NTFAX	Aberdeen Tax Free	Pair Corr
0.92	ASEMX	Abrdn Em Sma	Pair Corr
0.74	ABESX	Aberdeen Tax Free	Pair Corr
0.96	ABEMX	Aberdeen Emerging Markts	Pair Corr
0.61	ABEIX	Aberdeen Tax Free	Pair Corr
0.97	ABNIX	Aberdeen Global Small	Pair Corr
0.88	ATOAX	Alpine Ultra Short	Pair Corr
0.82	ATOBX	Aberdeen Ultra Short	Pair Corr
0.88	ATOIX	Alpine Ultra Short	Pair Corr
0.94	JETAX	Aberdeen Select Inte	Pair Corr
0.95	JETIX	Aberdeen Select Inte	Pair Corr
0.95	ADAVX	Alpine Dynamic Dividend	Pair Corr
0.97	ADVDX	Alpine Dynamic Dividend	Pair Corr
0.93	GLLAX	Aberdeen Gbl Eq	Pair Corr
0.93	GLLCX	Aberdeen Gbl Eq	Pair Corr
0.94	GLLSX	Aberdeen Global Equty	Pair Corr
0.96	AEMSX	Aberden Emerng Mrkts	Pair Corr
0.93	BJBHX	Aberdeen Global High	Pair Corr
0.94	JHYIX	Aberdeen Global High	Pair Corr
0.99	GNSRX	Aberdeen Small Cap	Pair Corr
0.83	AGCIX	Aberdeen Global Unco	Pair Corr
0.89	GOPRX	Aberdeen China Oppty	Pair Corr
0.9	GOPAX	Aberdeen China Oppty	Pair Corr
0.89	GOPCX	Aberdeen China Oppty	Pair Corr
0.89	GOPIX	Aberdeen China Oppty	Pair Corr

Related Correlations Analysis

	GEGAX	GEGCX	GEMRX	GWLIX	GWLRX	STK	CGFIX	GXXAX	GXXCX	GXXIX
GEGAX		1.0	0.98	0.97	0.97	0.96	0.88	0.96	0.0	0.96	GEGAX
GEGCX	1.0		0.98	0.97	0.97	0.96	0.88	0.96	0.0	0.96	GEGCX
GEMRX	0.98	0.98		0.98	0.98	0.97	0.88	0.94	0.0	0.96	GEMRX
GWLIX	0.97	0.97	0.98		1.0	0.97	0.93	0.92	0.0	0.94	GWLIX
GWLRX	0.97	0.97	0.98	1.0		0.97	0.93	0.92	0.0	0.94	GWLRX
STK	0.96	0.96	0.97	0.97	0.97		0.9	0.94	0.0	0.96	STK
CGFIX	0.88	0.88	0.88	0.93	0.93	0.9		0.83	0.0	0.83	CGFIX
GXXAX	0.96	0.96	0.94	0.92	0.92	0.94	0.83		0.0	0.97	GXXAX
GXXCX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	GXXCX
GXXIX	0.96	0.96	0.96	0.94	0.94	0.96	0.83	0.97	0.0		GXXIX
	GEGAX	GEGCX	GEMRX	GWLIX	GWLRX	STK	CGFIX	GXXAX	GXXCX	GXXIX

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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

GEGCX	+ 1.0	GEGAX
GWLRX	+ 1.0	GWLIX
GEMRX	+ 0.98	GEGAX
GEMRX	+ 0.98	GEGCX
GWLIX	+ 0.98	GEMRX
GWLRX	+ 0.98	GEMRX

High negative correlations

GXXIX	- 0.0	GXXCX
GXXCX	- 0.0	GXXAX
GXXCX	- 0.0	CGFIX
GXXCX	- 0.0	STK
GXXCX	- 0.0	GWLRX
GXXCX	- 0.0	GWLIX

Risk-Adjusted Indicators

There is a big difference between Aberdeen Mutual Fund performing well and Aberdeen 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'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
GEGAX	0.57	0.25	0.16	(19.94)	0.22	(0.66)	1.44	(1.05)	4.28
GEGCX	0.57	0.25	0.16	(16.16)	0.22	(0.68)	1.45	(1.05)	4.31
GEMRX	0.55	0.17	0.13	0.53	0.24	(0.69)	1.46	(1.07)	4.29
GWLIX	0.58	0.22	0.20	0.59	0.13	(0.69)	1.57	(0.87)	4.55
GWLRX	0.57	0.21	0.20	0.59	0.13	(0.70)	1.54	(0.88)	4.51
STK	0.77	0.10	0.07	0.24	0.86	(0.86)	1.97	(1.31)	5.40
CGFIX	0.18	0.04	(0.34)	(2.13)	0.00	(0.23)	0.48	(0.24)	1.08
GXXAX	0.64	0.17	0.03	(1.30)	0.65	(0.78)	1.80	(1.59)	3.86
GXXCX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GXXIX	0.64	0.03	0.01	0.16	0.65	(0.78)	1.90	(1.56)	3.93

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