Aberdeen New Correlations

Etfs . UK . 
Etf . Aberdeen New India
ANII Etf   812.00  8.00  0.98%   
The current 90-days correlation between Aberdeen New India and iShares MSCI Japan is 0.27 (i.e., Modest diversification). The correlation of Aberdeen New 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 New Correlation With Market

Good diversification

The correlation between Aberdeen New India and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen New India and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Aberdeen New could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aberdeen New when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Aberdeen New - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Aberdeen New India to buy it.

Moving together with Aberdeen Etf

  0.81SMT Scottish MortgagePairCorr
  0.71USA Baillie Gifford GrowthPairCorr
  0.81BERI Blackrock EnergyPairCorr
  0.72VOF VinaCapital VietnamPairCorr
  0.78BRLA BlackRock Latin AmericanPairCorr
  0.86GMP Gabelli Merger PlusPairCorr
  0.85PSRU PowerShares FTSE RAFIPairCorr
  0.9FLQA Franklin FTSE AsiaPairCorr
  0.92CP9U Amundi MSCI PacificPairCorr
  0.79FGGB Fidelity Global GovePairCorr
  0.64EUXS iShares MSCI EuropePairCorr
  0.88VWCG Vanguard FTSE DevelopedPairCorr
  0.89KOR3 Leverage Shares 3xPairCorr
  0.89WATC Amundi MSCI WaterPairCorr
  0.87AMZI IncomeShares AmazonPairCorr
  0.88HSAX HSBC APAC EXPairCorr
  0.9COPP HANETF ICAV SPROTTPairCorr
  0.82DFNG VanEck Defense ETFPairCorr
  0.733STS GraniteShares 3x ShortPairCorr
  0.87NATP HANetf ICAVPairCorr
  0.83METP ETC Group GlobalPairCorr
  0.88JCAG JPM BetaBuilders ChinaPairCorr
  0.78FUQA Fidelity Quality IncomePairCorr
  0.67USDV SPDR SP DividendPairCorr
  0.75LUSC SPDR Barclays 10PairCorr
  0.75IQSS INVESCO MARKETS IIPairCorr
  0.85NVD2 Leverage Shares 2xPairCorr
  0.89NATO HANetf ICAVPairCorr
  0.833LVP GraniteShares 3x LongPairCorr
  0.9STHE PIMCO Short TermPairCorr
  0.87VHYD Vanguard FTSE AllPairCorr
  0.89FSEM Fidelity Sustainable USDPairCorr
  0.88AASU Amundi Index SolutionsPairCorr
  0.74SEML iShares JP MorganPairCorr
  0.86NFL3 Leverage Shares 3xPairCorr
  0.85SMGB VanEck SemiconductorPairCorr

Related Correlations Analysis

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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   
MSFT
+ 0.98
META
JPM
+ 0.96
MSFT
JPM
+ 0.93
META
A
+ 0.92
META
JPM
+ 0.9
F
F
+ 0.89
UBER
  
High negative correlations   
MRK
- 0.28
CRM
XOM
- 0.17
CRM

Aberdeen New Competition Risk-Adjusted Indicators

There is a big difference between Aberdeen Etf performing well and Aberdeen New 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 Aberdeen New'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.47  0.31  0.27  0.41  0.82 
(1.80)
 3.99 
(2.00)
 10.48 
MSFT  0.86  0.33  0.38  0.59  0.00 
(1.06)
 2.33 
(1.03)
 8.85 
UBER  1.61  0.18  0.12  0.34  1.40 
(2.02)
 4.19 
(2.54)
 10.87 
F  1.30  0.17  0.08  0.40  1.40 
(1.42)
 2.69 
(2.33)
 7.46 
T  1.00 (0.02)(0.10) 0.10  1.30 
(1.05)
 2.35 
(2.35)
 5.71 
A  1.50 (0.07) 0.02  0.12  1.79 
(1.57)
 2.58 
(2.89)
 14.01 
CRM  1.30 (0.15)(0.04) 0.06  1.69 
(1.29)
 2.95 
(3.19)
 9.31 
JPM  0.87  0.22  0.18  0.42  0.58 
(0.99)
 2.25 
(1.31)
 6.03 
MRK  1.38  0.11 (0.06)(0.10) 1.96 
(1.32)
 2.88 
(3.31)
 10.58 
XOM  1.12  0.04 (0.06) 0.32  1.38 
(1.11)
 2.40 
(2.58)
 6.28 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Aberdeen New without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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