Aberdeen Correlations

GGLIX Fund

USD 13.97 0.16 1.16%

The current 90-days correlation between Aberdeen Multi Cap and Allianzgi Health Sciences is 0.44 (i.e., Very weak 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

Good diversification

The correlation between Aberdeen Multi Cap Equity and DJI is -0.06 (i.e., Good 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

0.62	GEGCX	Aberdeen Emerging Markets	Pair Corr
0.61	GEMRX	Aberdeen Emerging Markets	Pair Corr
0.79	GXXAX	Aberdeen Equity A	Pair Corr
1.0	GXXIX	Aberdeen Equity Instl	Pair Corr
0.61	ABEMX	Aberdeen Emerging Markts	Pair Corr
0.68	ADVDX	Alpine Dynamic Dividend	Pair Corr
0.61	AEMSX	Aberden Emerng Mrkts	Pair Corr

Related Correlations Analysis

	RAGHX	LOGSX	LHCCX	HIAHX	DLRHX	AHSCX
RAGHX		0.78	0.76	0.75	0.92	0.71	RAGHX
LOGSX	0.78		0.96	0.99	0.77	0.95	LOGSX
LHCCX	0.76	0.96		0.97	0.78	0.98	LHCCX
HIAHX	0.75	0.99	0.97		0.78	0.96	HIAHX
DLRHX	0.92	0.77	0.78	0.78		0.76	DLRHX
AHSCX	0.71	0.95	0.98	0.96	0.76		AHSCX
	RAGHX	LOGSX	LHCCX	HIAHX	DLRHX	AHSCX

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
RAGHX	0.63	0.17	0.17	(2.31)	0.45	(0.79)	1.56	(1.17)	4.55
LOGSX	0.59	0.19	0.23	0.45	0.43	(0.72)	1.56	(1.18)	3.90
LHCCX	0.67	0.24	0.23	(1.83)	0.54	(0.76)	1.75	(1.26)	3.63
HIAHX	0.64	0.23	0.25	0.40	0.34	(0.77)	2.04	(1.25)	4.27
DLRHX	0.72	0.21	0.17	(2.16)	0.69	(0.80)	1.81	(1.60)	4.88
AHSCX	0.67	0.21	0.17	(1.86)	0.61	(0.72)	1.85	(1.43)	3.70

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Aberdeen Correlations

Aberdeen Correlation With Market

Good diversification

Moving together with Aberdeen Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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