Aberdeen Small Correlations

GSXAX Fund

USD 40.80 0.12 0.29%

The current 90-days correlation between Aberdeen Small Cap and Prudential Qma Large Cap is 0.19 (i.e., Average diversification). The correlation of Aberdeen Small 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 Small Correlation With Market

Poor diversification

The correlation between Aberdeen Small Cap and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Small Cap 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 Small Cap. 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 nation.

Moving together with Aberdeen Mutual Fund

0.62	GEGCX	Aberdeen Emerging Markets	Pair Corr
0.63	GEMRX	Aberdeen Emerging Markets	Pair Corr
0.77	CGFIX	Aberdeen Global Fixed	Pair Corr
0.72	GXXAX	Aberdeen Equity A	Pair Corr
0.68	GXXIX	Aberdeen Equity Instl	Pair Corr
0.63	ABEMX	Aberdeen Emerging Markts	Pair Corr
0.68	ABNIX	Aberdeen Global Small	Pair Corr
0.7	ATOAX	Alpine Ultra Short	Pair Corr
0.78	ADAVX	Alpine Dynamic Dividend	Pair Corr
0.75	ADVDX	Alpine Dynamic Dividend	Pair Corr
0.63	AEMSX	Aberden Emerng Mrkts	Pair Corr
0.79	BJBHX	Aberdeen Global High	Pair Corr
0.82	JHYIX	Aberdeen Global High	Pair Corr
1.0	GNSRX	Aberdeen Small Cap	Pair Corr
0.79	AIAFX	Alpine Global Infras	Pair Corr
0.67	AIAGX	Alpine Realty Income	Pair Corr
0.71	AIFRX	Alpine Global Infras	Pair Corr
0.61	AIGYX	Alpine Realty Income	Pair Corr
1.0	GSCIX	Aberdeen Small Cap	Pair Corr
1.0	GSXCX	Aberdeen Small Cap	Pair Corr
1.0	GSXIX	Aberdeen Small Cap	Pair Corr
0.7	CUGAX	Aberdeen Global Unco	Pair Corr
0.85	VSMAX	Vanguard Small Cap	Pair Corr
0.85	VSCIX	Vanguard Small Cap	Pair Corr
0.85	VSCPX	Vanguard Small Cap	Pair Corr
0.85	NAESX	Vanguard Small Cap	Pair Corr
0.86	FSSNX	Fidelity Small Cap	Pair Corr
0.93	DFSTX	Us Small Cap	Pair Corr

Moving against Aberdeen Mutual Fund

0.76	XNBHX	Neuberger Berman Int	Pair Corr
0.66	XDSMX	Dreyfus Strategic	Pair Corr
0.63	XNXJX	Nuveen New Jersey	Pair Corr

Related Correlations Analysis

	ALCEX	VAAGX	LTFOX	PCLVX	ANVIX	PTEZX
ALCEX		0.85	0.93	0.91	0.85	0.91	ALCEX
VAAGX	0.85		0.86	0.89	1.0	0.88	VAAGX
LTFOX	0.93	0.86		0.85	0.86	0.86	LTFOX
PCLVX	0.91	0.89	0.85		0.89	0.96	PCLVX
ANVIX	0.85	1.0	0.86	0.89		0.88	ANVIX
PTEZX	0.91	0.88	0.86	0.96	0.88		PTEZX
	ALCEX	VAAGX	LTFOX	PCLVX	ANVIX	PTEZX

Risk-Adjusted Indicators

There is a big difference between Aberdeen Mutual Fund performing well and Aberdeen Small 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 Small'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
ALCEX	0.69	0.13	0.14	0.21	0.53	(0.82)	1.66	(1.33)	3.75
VAAGX	0.84	0.21	0.20	0.73	0.54	(1.13)	1.73	(1.44)	11.75
LTFOX	0.66	0.19	0.21	0.79	0.38	(0.83)	1.08	(0.93)	8.46
PCLVX	0.73	0.31	0.46	0.69	0.00	(0.97)	1.33	(0.79)	13.58
ANVIX	0.84	0.21	0.19	0.81	0.55	(1.17)	1.69	(1.48)	11.78
PTEZX	0.72	0.18	0.18	0.38	0.54	(0.87)	1.40	(1.19)	12.15

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