Aberdeen Global Correlations
| AWP Fund | USD 3.96 0.05 1.28% |
The current 90-days correlation between Aberdeen Global Premier and Aberdeen Global Dynamic is 0.47 (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. If the correlation is 0, the equities are not correlated; they are entirely random.
Aberdeen Global Correlation With Market
Poor diversification
The correlation between Aberdeen Global Premier and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Global Premier and DJI in the same portfolio, assuming nothing else is changed.
Aberdeen |
Moving together with Aberdeen Fund
| 0.67 | FAX | Aberdeen Asia Pacific | PairCorr |
| 0.74 | AVEAX | Ave Maria Focused | PairCorr |
| 0.67 | CRF | Cornerstone Strategic | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AGD | 0.57 | 0.23 | 0.18 | 0.74 | 0.00 | 1.51 | 3.09 | |||
| BCX | 0.65 | 0.11 | (0.02) | 0.47 | 0.61 | 1.44 | 3.02 | |||
| AOD | 0.57 | 0.13 | 0.07 | 0.43 | 0.08 | 1.40 | 3.38 | |||
| BDJ | 0.61 | 0.05 | (0.02) | 0.27 | 0.53 | 1.39 | 4.26 | |||
| IGR | 0.86 | (0.05) | (0.05) | 0.16 | 1.16 | 1.82 | 6.47 | |||
| RQI | 0.72 | (0.02) | (0.07) | 0.18 | 0.81 | 1.85 | 5.14 | |||
| RNP | 0.58 | 0.02 | (0.05) | 0.24 | 0.71 | 1.71 | 4.66 | |||
| UTF | 0.51 | 0.06 | (0.10) | 0.37 | 0.41 | 1.20 | 2.82 |