Aberdeen Short Correlations

AAHMX Fund

USD 8.94 0.01 0.11%

The current 90-days correlation between Aberdeen Short Duration and Profunds Large Cap Growth is -0.34 (i.e., Very good diversification). The correlation of Aberdeen Short 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 Short Correlation With Market

Very good diversification

The correlation between Aberdeen Short Duration and DJI is -0.28 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Short Duration 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 Short Duration. 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 population.

Moving together with Aberdeen Mutual Fund

0.88	NTFAX	Aberdeen Tax Free	Pair Corr
0.91	ABESX	Aberdeen Tax Free	Pair Corr
0.91	ABEIX	Aberdeen Tax Free	Pair Corr
0.97	ACHMX	Abrdn Short Duration	Pair Corr

Moving against Aberdeen Mutual Fund

0.6	ATOBX	Aberdeen Ultra Short	Pair Corr
0.57	ATOIX	Alpine Ultra Short	Pair Corr
0.52	ATOAX	Alpine Ultra Short	Pair Corr
0.35	WVCCX	Aberdeen Gbl Small	Pair Corr
0.35	ABNIX	Aberdeen Global Small	Pair Corr
0.41	AIFRX	Alpine Global Infras	Pair Corr
0.39	AIAFX	Alpine Global Infras	Pair Corr
0.35	WPVAX	Aberdeen Gbl Small	Pair Corr

Related Correlations Analysis

	LGPSX	TRBCX	PIGDX	AWPIX	BGGKX	FRAAX	UPDDX
LGPSX		1.0	0.95	0.96	0.99	1.0	0.97	LGPSX
TRBCX	1.0		0.95	0.96	0.99	1.0	0.97	TRBCX
PIGDX	0.95	0.95		0.99	0.95	0.96	0.93	PIGDX
AWPIX	0.96	0.96	0.99		0.95	0.96	0.91	AWPIX
BGGKX	0.99	0.99	0.95	0.95		0.99	0.97	BGGKX
FRAAX	1.0	1.0	0.96	0.96	0.99		0.98	FRAAX
UPDDX	0.97	0.97	0.93	0.91	0.97	0.98		UPDDX
	LGPSX	TRBCX	PIGDX	AWPIX	BGGKX	FRAAX	UPDDX

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Risk-Adjusted Indicators

There is a big difference between Aberdeen Mutual Fund performing well and Aberdeen Short 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 Short'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
LGPSX	1.29	0.14	0.07	0.14	1.92	(1.23)	2.64	(2.90)	15.38
TRBCX	1.35	0.16	0.07	0.14	1.88	(1.38)	2.83	(2.97)	16.05
PIGDX	0.86	0.03	0.02	0.07	1.47	(0.88)	1.96	(1.99)	7.28
AWPIX	0.81	0.08	0.05	0.13	1.33	(0.79)	1.67	(1.69)	8.56
BGGKX	1.73	0.25	0.09	0.19	2.49	(1.82)	3.66	(3.64)	18.83
FRAAX	1.29	0.12	0.06	0.12	1.90	(1.34)	2.57	(2.73)	14.93
UPDDX	2.04	0.15	0.05	0.10	3.24	(1.92)	3.82	(4.02)	22.24

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