Abrdn Property Correlations

API Stock

2.20 0.20 10.00%

The current 90-days correlation between abrdn Property Income and Beowulf Mining is -0.01 (i.e., Good diversification). The correlation of Abrdn Property 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 Property Correlation With Market

Significant diversification

The correlation between abrdn Property Income and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding abrdn Property Income and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Abrdn Property could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Abrdn Property 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 Abrdn Property - 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 abrdn Property Income to buy it.

Moving together with Abrdn Stock

0.69

SIGC

Sherborne Investors

Pair Corr

Moving against Abrdn Stock

0.43	SUPR	Supermarket Income REIT	Pair Corr
0.38	HMSO	Hammerson PLC	Pair Corr
0.72	0QM2	Berner Kantonalbank	Pair Corr
0.64	0KBL	Omega Healthcare Inv	Pair Corr
0.37	LMP	LondonMetric Property Plc Earnings Call This Week	Pair Corr
0.35	RM	RM Plc	Pair Corr

Related Correlations Analysis

	0QYM	0RYA	0IW3	0FF9	0FGH	EDV	BEM
0QYM		-0.73	0.17	-0.15	-0.49	0.9	0.27	0QYM
0RYA	-0.73		0.16	0.2	0.56	-0.71	-0.53	0RYA
0IW3	0.17	0.16		-0.38	-0.14	0.27	-0.07	0IW3
0FF9	-0.15	0.2	-0.38		0.53	-0.26	-0.38	0FF9
0FGH	-0.49	0.56	-0.14	0.53		-0.44	-0.41	0FGH
EDV	0.9	-0.71	0.27	-0.26	-0.44		0.35	EDV
BEM	0.27	-0.53	-0.07	-0.38	-0.41	0.35		BEM
	0QYM	0RYA	0IW3	0FF9	0FGH	EDV	BEM

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

EDV	+ 0.9	0QYM
0FGH	+ 0.56	0RYA
0FGH	+ 0.53	0FF9
BEM	+ 0.35	EDV
BEM	+ 0.27	0QYM
EDV	+ 0.27	0IW3

High negative correlations

0RYA	- 0.73	0QYM
EDV	- 0.71	0RYA
BEM	- 0.53	0RYA
0FGH	- 0.49	0QYM
EDV	- 0.44	0FGH
BEM	- 0.41	0FGH

Risk-Adjusted Indicators

There is a big difference between Abrdn Stock performing well and Abrdn Property Company 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 Property'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
0QYM	2.81	0.58	0.11	(0.58)	3.62	(2.88)	6.53	(5.49)	21.09
0RYA	0.10	(0.03)	0.00	1.47	0.00	0.00	0.00	(0.15)	3.42
0IW3	1.09	0.11	0.05	0.52	1.03	(1.37)	2.49	(2.08)	6.92
0FF9	1.72	(0.26)	0.00	(0.68)	0.00	0.00	2.91	(3.65)	11.04
0FGH	1.28	(0.08)	0.00	(0.31)	0.00	0.00	2.90	(2.39)	9.38
EDV	2.05	0.50	0.14	3.13	2.63	(2.05)	5.05	(3.93)	20.98
BEM	0.65	0.11	0.00	1.91	0.00	0.00	2.44	0.00	12.44

Be your own money manager

Our tools can tell you how much better you can do entering a position in Abrdn Property 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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Abrdn Property Corporate Management

Elected by the shareholders, the Abrdn Property's board of directors comprises two types of representatives: Abrdn Property inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Abrdn. The board's role is to monitor Abrdn Property's management team and ensure that shareholders' interests are well served. Abrdn Property's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Abrdn Property's outside directors are responsible for providing unbiased perspectives on the board's policies.

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