Aberdeen Gbl Correlations

CPVCX Fund

USD 26.95 0.38 1.43%

The current 90-days correlation between Aberdeen Gbl Small and Aberdeen Emerging Markets is 0.65 (i.e., Poor diversification). The correlation of Aberdeen Gbl 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 Gbl Correlation With Market

Very weak diversification

The correlation between Aberdeen Gbl Small 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 Gbl Small 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 Gbl Small. 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 main economic indicators.

Moving together with Aberdeen Mutual Fund

0.87	GWLIX	Aberdeen Gbl Eq	Pair Corr
0.87	GWLRX	Aberdeen Gbl Eq	Pair Corr
0.68	CGFIX	Aberdeen Global Fixed	Pair Corr
1.0	WVCCX	Aberdeen Gbl Small	Pair Corr
1.0	ABNIX	Aberdeen Global Small	Pair Corr
0.82	JETAX	Aberdeen Select Inte	Pair Corr
0.82	JETIX	Aberdeen Select Inte	Pair Corr
0.73	ADAVX	Alpine Dynamic Dividend	Pair Corr
0.74	ADVDX	Alpine Dynamic Dividend	Pair Corr
0.87	GLLAX	Aberdeen Gbl Eq	Pair Corr
0.88	GLLCX	Aberdeen Gbl Eq	Pair Corr
0.87	GLLSX	Aberdeen Global Equty	Pair Corr
0.66	AGCIX	Aberdeen Global Unco	Pair Corr

Moving against Aberdeen Mutual Fund

0.66	ATOAX	Alpine Ultra Short	Pair Corr
0.66	ATOIX	Alpine Ultra Short	Pair Corr
0.63	ATOBX	Aberdeen Ultra Short	Pair Corr
0.49	GGUIX	Aberdeen Eq Long	Pair Corr
0.31	GXXIX	Aberdeen Equity Instl	Pair Corr
0.31	GGLIX	Aberdeen Multi Cap	Pair Corr
0.51	GSCIX	Aberdeen Small Cap	Pair Corr
0.51	GSXIX	Aberdeen Small Cap	Pair Corr
0.5	GNSRX	Aberdeen Small Cap	Pair Corr
0.5	GSXAX	Aberdeen Small Cap	Pair Corr
0.5	GSXCX	Aberdeen Small Cap	Pair Corr

Related Correlations Analysis

	GEGAX	GEGCX	GEMRX	GWLIX	GWLRX	STK	CGFIX	GXXAX	GXXCX	GXXIX
GEGAX		1.0	1.0	0.55	0.54	0.35	0.03	0.17	0.17	0.17	GEGAX
GEGCX	1.0		1.0	0.57	0.56	0.33	0.05	0.15	0.15	0.15	GEGCX
GEMRX	1.0	1.0		0.56	0.55	0.33	0.04	0.15	0.15	0.15	GEMRX
GWLIX	0.55	0.57	0.56		1.0	-0.13	0.59	-0.25	-0.24	-0.25	GWLIX
GWLRX	0.54	0.56	0.55	1.0		-0.14	0.59	-0.26	-0.25	-0.27	GWLRX
STK	0.35	0.33	0.33	-0.13	-0.14		-0.44	0.89	0.88	0.89	STK
CGFIX	0.03	0.05	0.04	0.59	0.59	-0.44		-0.48	-0.47	-0.48	CGFIX
GXXAX	0.17	0.15	0.15	-0.25	-0.26	0.89	-0.48		1.0	1.0	GXXAX
GXXCX	0.17	0.15	0.15	-0.24	-0.25	0.88	-0.47	1.0		1.0	GXXCX
GXXIX	0.17	0.15	0.15	-0.25	-0.27	0.89	-0.48	1.0	1.0		GXXIX
	GEGAX	GEGCX	GEMRX	GWLIX	GWLRX	STK	CGFIX	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	- 0.48	CGFIX
GXXAX	- 0.48	CGFIX
GXXCX	- 0.47	CGFIX
CGFIX	- 0.44	STK
GXXIX	- 0.27	GWLRX
GXXAX	- 0.26	GWLRX

Risk-Adjusted Indicators

There is a big difference between Aberdeen Mutual Fund performing well and Aberdeen Gbl 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 Gbl'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
CGFIX	0.15	0.00	(0.51)	0.24	0.16	(0.21)	0.23	(0.34)	0.93
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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