Aberdeen Emerging Correlations

GEGCX Fund

USD 13.61 0.03 0.22%

The current 90-days correlation between Aberdeen Emerging Markets and Aberdeen Gbl Eq is 0.74 (i.e., Poor diversification). The correlation of Aberdeen Emerging 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 Emerging Correlation With Market

Weak diversification

The correlation between Aberdeen Emerging Markets and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Emerging Markets 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 Emerging Markets. 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

1.0	GEGAX	Aberdeen Emerging Markets	Pair Corr
1.0	GEMRX	Aberdeen Emerging Markets	Pair Corr
0.94	ASEMX	Abrdn Em Sma	Pair Corr
1.0	ABEMX	Aberdeen Emerging Markts	Pair Corr
0.78	JETAX	Aberdeen Select Inte	Pair Corr
0.79	JETIX	Aberdeen Select Inte	Pair Corr
0.75	ADAVX	Alpine Dynamic Dividend	Pair Corr
0.74	ADVDX	Alpine Dynamic Dividend	Pair Corr
1.0	AEMSX	Aberden Emerng Mrkts	Pair Corr
0.99	JIEIX	Aberdeen Select Inte	Pair Corr
0.73	GOPRX	Aberdeen China Oppty	Pair Corr
0.72	GOPSX	Aberdeen China Oppty	Pair Corr
0.73	GOPAX	Aberdeen China Oppty	Pair Corr

Related Correlations Analysis

	GEGCX	GWLRX	STK	CGFIX	GXXAX	GXXCX	GXXIX
GEGCX		0.53	0.37	0.05	0.19	0.19	0.19	GEGCX
GWLRX	0.53		-0.1	0.6	-0.24	-0.23	-0.24	GWLRX
STK	0.37	-0.1		-0.46	0.88	0.87	0.87	STK
CGFIX	0.05	0.6	-0.46		-0.49	-0.48	-0.49	CGFIX
GXXAX	0.19	-0.24	0.88	-0.49		1.0	1.0	GXXAX
GXXCX	0.19	-0.23	0.87	-0.48	1.0		1.0	GXXCX
GXXIX	0.19	-0.24	0.87	-0.49	1.0	1.0		GXXIX
	GEGCX	GWLRX	STK	CGFIX	GXXAX	GXXCX	GXXIX

Click cells to compare fundamentals

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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

GXXCX	+ 1.0	GXXAX
GXXIX	+ 1.0	GXXAX
GXXIX	+ 1.0	GXXCX
GXXAX	+ 0.88	STK
GXXCX	+ 0.87	STK
GXXIX	+ 0.87	STK

High negative correlations

GXXIX	- 0.49	CGFIX
GXXAX	- 0.49	CGFIX
GXXCX	- 0.48	CGFIX
CGFIX	- 0.46	STK
GXXIX	- 0.24	GWLRX
GXXAX	- 0.24	GWLRX

Risk-Adjusted Indicators

There is a big difference between Aberdeen Mutual Fund performing well and Aberdeen Emerging 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 Emerging'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
GEGCX	0.78	(0.07)	0.00	(0.05)	0.00	0.00	1.69	(1.78)	5.22
GWLRX	0.63	(0.15)	0.00	(0.15)	0.00	0.00	1.12	(1.34)	3.28
STK	0.73	(0.04)	(0.05)	0.07	0.97	(0.74)	1.61	(1.94)	4.18
CGFIX	0.14	(0.01)	0.00	0.51	0.00	0.00	0.23	(0.34)	0.93
GXXAX	0.59	(0.02)	(0.05)	0.09	0.72	(0.66)	1.18	(1.30)	3.80
GXXCX	0.58	(0.02)	(0.05)	0.09	0.71	(0.65)	1.08	(1.37)	3.73
GXXIX	0.59	(0.02)	(0.05)	0.09	0.71	(0.65)	1.12	(1.29)	3.81

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