Aberdeen Global Correlations

AGD Fund

USD 10.25 0.06 0.59%

The current 90-days correlation between Aberdeen Global Dynamic and Eaton Vance Tax is 0.75 (i.e., Poor diversification). The correlation of Aberdeen Global 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.

Aberdeen Global Correlation With Market

Very weak diversification

The correlation between Aberdeen Global Dynamic and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Global Dynamic 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 Global Dynamic. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Aberdeen Fund

0.87	EXG	Eaton Vance Tax	Pair Corr
0.63	USA	Liberty All Star	Pair Corr
0.74	CII	Blackrock Enhanced	Pair Corr
0.77	HD	Home Depot	Pair Corr
0.63	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.68	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.76	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.78	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.66	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.77	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr

Moving against Aberdeen Fund

0.33	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.31	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	HQH	HQL	RNP	XFLT	THW	RVT	BTO	ETO	LDP	FFC
HQH		0.89	0.51	-0.77	0.82	-0.48	-0.73	-0.07	-0.16	0.54	HQH
HQL	0.89		0.58	-0.61	0.77	-0.24	-0.54	0.13	0.01	0.64	HQL
RNP	0.51	0.58		-0.41	0.6	-0.3	-0.4	-0.01	-0.05	0.5	RNP
XFLT	-0.77	-0.61	-0.41		-0.89	0.78	0.94	0.34	0.27	-0.54	XFLT
THW	0.82	0.77	0.6	-0.89		-0.58	-0.86	-0.07	-0.07	0.64	THW
RVT	-0.48	-0.24	-0.3	0.78	-0.58		0.86	0.75	0.62	-0.15	RVT
BTO	-0.73	-0.54	-0.4	0.94	-0.86	0.86		0.38	0.26	-0.5	BTO
ETO	-0.07	0.13	-0.01	0.34	-0.07	0.75	0.38		0.79	0.28	ETO
LDP	-0.16	0.01	-0.05	0.27	-0.07	0.62	0.26	0.79		0.48	LDP
FFC	0.54	0.64	0.5	-0.54	0.64	-0.15	-0.5	0.28	0.48		FFC
	HQH	HQL	RNP	XFLT	THW	RVT	BTO	ETO	LDP	FFC

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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

BTO	+ 0.94	XFLT
HQL	+ 0.89	HQH
BTO	+ 0.86	RVT
THW	+ 0.82	HQH
LDP	+ 0.79	ETO
RVT	+ 0.78	XFLT

High negative correlations

THW	- 0.89	XFLT
BTO	- 0.86	THW
XFLT	- 0.77	HQH
BTO	- 0.73	HQH
XFLT	- 0.61	HQL
RVT	- 0.58	THW

Risk-Adjusted Indicators

There is a big difference between Aberdeen Fund performing well and Aberdeen Global 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 Global'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
HQH	0.70	(0.21)	0.00	(0.20)	0.00	0.00	1.08	(1.56)	6.31
HQL	0.84	(0.13)	0.00	(0.05)	0.00	0.00	1.51	(1.95)	6.65
RNP	0.86	0.01	(0.08)	0.20	1.01	(0.92)	1.79	(1.78)	4.54
XFLT	0.24	0.07	(0.14)	1.79	0.00	(0.33)	0.61	(0.45)	1.19
THW	0.66	(0.13)	0.00	(0.22)	0.00	0.00	0.93	(1.47)	4.29
RVT	0.87	(0.03)	0.02	0.10	0.93	(0.97)	1.88	(1.59)	8.39
BTO	0.90	0.10	0.15	0.20	0.72	(0.99)	1.88	(1.32)	9.88
ETO	0.56	(0.04)	(0.09)	0.06	0.85	(0.49)	1.13	(1.49)	3.50
LDP	0.51	0.05	(0.08)	0.30	0.43	(0.58)	1.13	(0.93)	3.08
FFC	0.47	0.03	(0.13)	0.40	0.61	(0.48)	1.17	(0.99)	3.02

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