Aberdeen Global Correlations

Funds . USA . 
Fund . Aberdeen Global Dynamic
AGD Fund  USD 11.23  0.03  0.27%   
The current 90-days correlation between Aberdeen Global Dynamic and Aberdeen Global Premier is 0.46 (i.e., Very weak 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.

Aberdeen Global Correlation With Market

Very weak diversification

The correlation between Aberdeen Global Dynamic and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Global Dynamic 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 Dynamic. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Aberdeen Fund

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  0.96FAX Aberdeen Asia PacificPairCorr
  0.81NAD Nuveen Dividend AdvantagePairCorr
  0.72NVG Nuveen Amt FreePairCorr
  0.97NPSFX Nuveen Preferred SecPairCorr
  0.86BIMIX Baird Intermediate BondPairCorr
  0.95OPTIX Oppenheimer CapitalPairCorr
  0.66GRECX Goldman Sachs RealPairCorr
  0.93ATECX Ab Sustainable GlobalPairCorr
  0.96MXEOX Great West EmergingPairCorr
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  0.95LPREX Blackrock LifepathPairCorr
  0.95PCGRX Pioneer Mid CapPairCorr
  0.78DLEUX Doubleline ShillerPairCorr
  0.89LSIIX Loomis Sayles InvestmentPairCorr
  0.96VFINX Vanguard 500 IndexPairCorr
  0.96GWOAX Gmo Global DevelopedPairCorr
  0.95FLCNX Fidelity ContrafundPairCorr
  0.96UTF Cohen And SteersPairCorr
  0.94GCMRX Goldman Sachs MidPairCorr
  0.95DHLTX Diamond Hill AllPairCorr
  0.93JECIX John Hancock VarPairCorr
  0.65TIMPX Touchstone FundsPairCorr
  0.96TEMVX Tiaa Cref EmergingPairCorr
  0.96QGRPX Ubs Quality GrowthPairCorr
  0.82WACSX Western Asset EPairCorr
  0.96STPAX Technology MunicationsPairCorr
  0.96ADNIX Amer Beacon Ark Steady GrowthPairCorr
  0.98EMXIX Ashmore Emerging MarketsPairCorr
  0.95LGLFX Lord Abbett GrowthPairCorr
  0.97CBLAX Columbia BalancedPairCorr
  0.95BEQAX Equity GrowthPairCorr
  0.87IORLX Aim Taxexempt FundsPairCorr
  0.7MIAHX Mfs Inflation AdjustedPairCorr
  0.91GCIIX Goldman Sachs InternPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Aberdeen Fund performing well and Aberdeen Global 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.

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