Aberdeen Income Correlations

ACP Fund

USD 6.44 0.02 0.31%

The current 90-days correlation between Aberdeen Income Credit and Allianzgi Convertible Income is 0.21 (i.e., Modest diversification). The correlation of Aberdeen Income 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 Income Correlation With Market

Modest diversification

The correlation between Aberdeen Income Credit and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Income Credit and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aberdeen Income Credit. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Aberdeen Fund

0.91	PHK	Pimco High Income	Pair Corr
0.7	HIO	Western Asset High	Pair Corr
0.8	HIX	Western Asset High	Pair Corr
0.76	PCN	Pimco Corporate Income	Pair Corr
0.86	PFN	Pimco Income Strategy	Pair Corr
0.87	PTY	Pimco Corporate Income	Pair Corr
0.68	LIGYX	Loomis Sayles Intern	Pair Corr
0.86	AMEIX	Equity Growth	Pair Corr
0.83	GAPIX	Goldman Sachs Equity	Pair Corr
0.84	MLMAX	Global E Portfolio	Pair Corr
0.78	AMGIX	Income Growth	Pair Corr
0.77	SAGAX	Ridgeworth Innovative	Pair Corr
0.7	WMT	Walmart Aggressive Push	Pair Corr
0.78	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.69	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.72	HPQ	HP Inc	Pair Corr
0.78	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.72	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.79	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.89	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.87	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.62	DIS	Walt Disney Sell-off Trend	Pair Corr
0.85	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Moving against Aberdeen Fund

0.5	EHI	Western Asset Global	Pair Corr
0.75	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.7	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.45	PFE	Pfizer Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	NCV	SPE	OPP	GLV	RIV	PCF	CRF	GLO	ECC
NCV		0.74	-0.47	0.52	0.61	0.81	0.84	0.56	-0.59	NCV
SPE	0.74		-0.76	0.43	0.46	0.81	0.96	0.3	-0.61	SPE
OPP	-0.47	-0.76		0.04	0.01	-0.4	-0.74	0.19	0.71	OPP
GLV	0.52	0.43	0.04		0.8	0.65	0.44	0.89	0.19	GLV
RIV	0.61	0.46	0.01	0.8		0.77	0.5	0.87	-0.04	RIV
PCF	0.81	0.81	-0.4	0.65	0.77		0.84	0.64	-0.42	PCF
CRF	0.84	0.96	-0.74	0.44	0.5	0.84		0.34	-0.64	CRF
GLO	0.56	0.3	0.19	0.89	0.87	0.64	0.34		0.15	GLO
ECC	-0.59	-0.61	0.71	0.19	-0.04	-0.42	-0.64	0.15		ECC
	NCV	SPE	OPP	GLV	RIV	PCF	CRF	GLO	ECC

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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

CRF	+ 0.96	SPE
GLO	+ 0.89	GLV
GLO	+ 0.87	RIV
CRF	+ 0.84	NCV
CRF	+ 0.84	PCF
PCF	+ 0.81	NCV

High negative correlations

OPP	- 0.76	SPE
CRF	- 0.74	OPP
ECC	- 0.64	CRF
ECC	- 0.61	SPE
ECC	- 0.59	NCV
OPP	- 0.47	NCV

Risk-Adjusted Indicators

There is a big difference between Aberdeen Fund performing well and Aberdeen Income 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 Income'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
NCV	0.78	0.10	0.05	0.30	0.68	(1.02)	1.74	(1.42)	3.88
SPE	0.58	0.16	0.13	0.55	0.25	(0.72)	1.48	(0.93)	3.92
OPP	0.46	(0.05)	0.00	(0.10)	0.00	0.00	0.82	(0.90)	3.58
GLV	0.60	(0.02)	(0.09)	0.09	0.76	(0.67)	1.38	(1.22)	4.91
RIV	0.50	0.07	(0.06)	0.41	0.35	(0.60)	1.05	(1.03)	2.80
PCF	0.39	0.05	(0.11)	0.51	0.34	(0.47)	0.90	(0.89)	2.10
CRF	0.64	0.26	0.25	0.59	0.00	(0.85)	1.81	(0.99)	3.89
GLO	0.48	(0.03)	(0.11)	0.07	0.55	(0.58)	1.16	(1.15)	3.03
ECC	0.48	(0.09)	0.00	(0.47)	0.00	0.00	1.16	(1.49)	3.16

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