Abrdn Focused Correlations

AFSC Etf

29.15 0.13 0.45%

The current 90-days correlation between abrdn Focused Small and Dimensional ETF Trust is -0.17 (i.e., Good diversification). The correlation of Abrdn Focused 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.

Abrdn Focused Correlation With Market

Good diversification

The correlation between abrdn Focused Small and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding abrdn Focused Small and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Abrdn Etf

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in abrdn Focused Small. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Abrdn Etf

0.98	VTI	Vanguard Total Stock	Pair Corr
0.98	SPY	SPDR SP 500	Pair Corr
0.98	IVV	iShares Core SP	Pair Corr
0.96	VTV	Vanguard Value Index	Pair Corr
0.98	VUG	Vanguard Growth Index	Pair Corr
0.99	VO	Vanguard Mid Cap	Pair Corr
0.96	VEA	Vanguard FTSE Developed	Pair Corr
0.96	VB	Vanguard Small Cap	Pair Corr
0.96	VWO	Vanguard FTSE Emerging	Pair Corr
0.77	PFFL	ETRACS 2xMonthly Pay	Pair Corr
0.96	ITDD	iShares Trust	Pair Corr
0.92	MPRO	Northern Lights	Pair Corr
0.86	GRW	TCW Compounders ETF	Pair Corr
0.95	IXP	iShares Global Comm	Pair Corr
0.66	DBJP	Xtrackers MSCI Japan	Pair Corr
0.95	EWQ	iShares MSCI France	Pair Corr
0.93	GE	GE Aerospace	Pair Corr
0.91	JPM	JPMorgan Chase	Pair Corr
0.82	PFE	Pfizer Inc	Pair Corr
0.96	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.84	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.88	MMM	3M Company Sell-off Trend	Pair Corr
0.95	DIS	Walt Disney	Pair Corr
0.95	CSCO	Cisco Systems	Pair Corr
0.94	BAC	Bank of America Aggressive Push	Pair Corr
0.76	INTC	Intel Earnings Call Today	Pair Corr
0.94	BA	Boeing Earnings Call This Week	Pair Corr
0.88	IBM	International Business	Pair Corr
0.9	AA	Alcoa Corp	Pair Corr

Moving against Abrdn Etf

0.73	MPAY	Exchange Traded Concepts	Pair Corr
0.6	MCD	McDonalds	Pair Corr
0.58	KO	Coca Cola	Pair Corr
0.41	PG	Procter Gamble Earnings Call This Week	Pair Corr

Related Correlations Analysis

	DISV	RB	VB	MMSC	VIOG	VIOV	VIOO	DWAS	VTWG
DISV		-0.61	0.94	0.96	0.94	0.93	0.94	0.93	0.96	DISV
RB	-0.61		-0.55	-0.56	-0.55	-0.59	-0.57	-0.52	-0.55	RB
VB	0.94	-0.55		0.98	1.0	0.99	1.0	0.98	0.99	VB
MMSC	0.96	-0.56	0.98		0.98	0.95	0.97	0.98	0.99	MMSC
VIOG	0.94	-0.55	1.0	0.98		0.98	1.0	0.98	0.99	VIOG
VIOV	0.93	-0.59	0.99	0.95	0.98		1.0	0.95	0.98	VIOV
VIOO	0.94	-0.57	1.0	0.97	1.0	1.0		0.97	0.99	VIOO
DWAS	0.93	-0.52	0.98	0.98	0.98	0.95	0.97		0.98	DWAS
VTWG	0.96	-0.55	0.99	0.99	0.99	0.98	0.99	0.98		VTWG
	DISV	RB	VB	MMSC	VIOG	VIOV	VIOO	DWAS	VTWG

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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

VIOG	+ 1.0	VB
VIOO	+ 1.0	VB
VIOO	+ 1.0	VIOG
VIOO	+ 1.0	VIOV
VIOV	+ 0.99	VB
VTWG	+ 0.99	VB

High negative correlations

RB	- 0.61	DISV
VIOV	- 0.59	RB
VIOO	- 0.57	RB
MMSC	- 0.56	RB
VTWG	- 0.55	RB
VIOG	- 0.55	RB

Abrdn Focused Constituents Risk-Adjusted Indicators

There is a big difference between Abrdn Etf performing well and Abrdn Focused ETF 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 Abrdn Focused'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
DISV	0.53	0.18	0.08	0.68	0.00	(0.67)	1.56	(0.84)	3.05
RB	0.21	0.09	(0.67)	4.14	0.00	(0.30)	0.71	(0.27)	0.77
VB	0.83	0.04	0.07	0.24	0.72	(0.99)	2.32	(1.62)	6.49
MMSC	0.88	0.04	0.06	0.24	0.74	(0.97)	2.48	(1.45)	5.70
VIOG	0.87	0.02	0.04	0.23	0.81	(1.00)	2.36	(1.80)	5.25
VIOV	1.04	0.03	0.06	0.23	0.92	(1.19)	2.58	(1.89)	7.33
VIOO	0.95	0.02	0.05	0.22	0.84	(1.10)	2.32	(1.82)	6.55
DWAS	0.97	(0.01)	0.01	0.19	0.91	(1.08)	2.12	(1.71)	5.42
VTWG	0.98	0.06	0.09	0.25	0.82	(1.05)	2.43	(1.55)	6.79

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