Aberdeen Global Correlations

CGFIX Fund

USD 8.71 0.04 0.46%

The current 90-days correlation between Aberdeen Global Fixed and Aberdeen Emerging Markets is 0.14 (i.e., Average 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Aberdeen Global Correlation With Market

Good diversification

The correlation between Aberdeen Global Fixed and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Global Fixed 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 Fixed. 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

0.67	WVCCX	Aberdeen Gbl Small	Pair Corr
0.63	NTFAX	Aberdeen Tax Free	Pair Corr
0.67	ABNIX	Aberdeen Global Small	Pair Corr
1.0	AGCIX	Aberdeen Global Unco	Pair Corr

Moving against Aberdeen Mutual Fund

0.69	ATOIX	Alpine Ultra Short	Pair Corr
0.68	ATOAX	Alpine Ultra Short	Pair Corr
0.61	ATOBX	Aberdeen Ultra Short	Pair Corr
0.54	GGUIX	Aberdeen Eq Long	Pair Corr
0.48	GXXAX	Aberdeen Equity A	Pair Corr
0.48	GXXIX	Aberdeen Equity Instl	Pair Corr
0.48	GGLIX	Aberdeen Multi Cap	Pair Corr
0.47	GXXCX	Aberdeen Multi Cap	Pair Corr
0.44	STK	Columbia Seligman Premium	Pair Corr
0.54	GNSRX	Aberdeen Small Cap	Pair Corr
0.54	GSCIX	Aberdeen Small Cap	Pair Corr
0.54	GSXAX	Aberdeen Small Cap	Pair Corr
0.54	GSXCX	Aberdeen Small Cap	Pair Corr
0.54	GSXIX	Aberdeen Small Cap	Pair Corr
0.51	GOPRX	Aberdeen China Oppty	Pair Corr
0.51	GOPSX	Aberdeen China Oppty	Pair Corr
0.51	GOPAX	Aberdeen China Oppty	Pair Corr
0.51	GOPCX	Aberdeen China Oppty	Pair Corr

Related Correlations Analysis

	GEGAX	GEGCX	GEMRX	GWLIX	GWLRX	STK	GXXAX	GXXCX	GXXIX
GEGAX		1.0	1.0	0.55	0.54	0.35	0.17	0.17	0.17	GEGAX
GEGCX	1.0		1.0	0.57	0.56	0.33	0.15	0.15	0.15	GEGCX
GEMRX	1.0	1.0		0.56	0.55	0.33	0.15	0.15	0.15	GEMRX
GWLIX	0.55	0.57	0.56		1.0	-0.13	-0.25	-0.24	-0.25	GWLIX
GWLRX	0.54	0.56	0.55	1.0		-0.14	-0.26	-0.25	-0.27	GWLRX
STK	0.35	0.33	0.33	-0.13	-0.14		0.89	0.88	0.89	STK
GXXAX	0.17	0.15	0.15	-0.25	-0.26	0.89		1.0	1.0	GXXAX
GXXCX	0.17	0.15	0.15	-0.24	-0.25	0.88	1.0		1.0	GXXCX
GXXIX	0.17	0.15	0.15	-0.25	-0.27	0.89	1.0	1.0		GXXIX
	GEGAX	GEGCX	GEMRX	GWLIX	GWLRX	STK	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
GEMRX	+ 1.0	GEGAX
GEMRX	+ 1.0	GEGCX
GWLRX	+ 1.0	GWLIX
GXXCX	+ 1.0	GXXAX
GXXIX	+ 1.0	GXXAX

High negative correlations

GXXIX	- 0.27	GWLRX
GXXAX	- 0.26	GWLRX
GXXCX	- 0.25	GWLRX
GXXIX	- 0.25	GWLIX
GXXAX	- 0.25	GWLIX
GXXCX	- 0.24	GWLIX

Risk-Adjusted Indicators

There is a big difference between Aberdeen Mutual Fund performing well and Aberdeen Global 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 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
GEGAX	0.77	(0.07)	(0.14)	(0.02)	0.94	(0.85)	1.67	(1.76)	5.28
GEGCX	0.77	(0.07)	0.00	(0.03)	0.00	0.00	1.69	(1.78)	5.22
GEMRX	0.76	(0.07)	0.00	(0.02)	0.00	0.00	1.71	(1.72)	5.33
GWLIX	0.62	(0.15)	0.00	(0.14)	0.00	0.00	1.11	(1.37)	3.22
GWLRX	0.62	(0.15)	0.00	(0.15)	0.00	0.00	1.12	(1.34)	3.28
STK	0.72	(0.01)	(0.03)	0.11	0.90	(0.74)	1.61	(1.94)	4.18
GXXAX	0.58	(0.02)	(0.05)	0.11	0.71	(0.65)	1.18	(1.30)	3.80
GXXCX	0.58	(0.02)	(0.05)	0.11	0.70	(0.64)	1.08	(1.37)	3.73
GXXIX	0.58	(0.01)	(0.04)	0.11	0.70	(0.65)	1.12	(1.29)	3.81

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