Aberdeen Global Correlations

FCO Stock

USD 6.36 0.04 0.63%

The current 90-days correlation between Aberdeen Global IF and Aberdeen Australia Ef is -0.24 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aberdeen Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aberdeen Global IF moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Aberdeen Global Correlation With Market

Good diversification

The correlation between Aberdeen Global IF and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Global IF and DJI in the same portfolio, assuming nothing else is changed.

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Aberdeen Global IF. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Aberdeen Stock

0.94	GS	Goldman Sachs Group	Pair Corr
0.93	AXP	American Express	Pair Corr
0.93	COF	Capital One Financial Earnings Call Today	Pair Corr
0.87	SCM	Stellus Capital Inve	Pair Corr
0.82	GAIN	Gladstone Investment	Pair Corr
0.91	GLAD	Gladstone Capital	Pair Corr
0.81	HTGC	Hercules Capital	Pair Corr
0.84	MAIN	Main Street Capital	Pair Corr
0.79	OPFI	OppFi Inc	Pair Corr
0.89	PFLT	PennantPark Floating Rate	Pair Corr
0.9	PYPL	PayPal Holdings Earnings Call This Week	Pair Corr
0.91	ALLY	Ally Financial	Pair Corr
0.91	ARCC	Ares Capital Earnings Call This Week	Pair Corr
0.89	TPVG	Triplepoint Venture	Pair Corr
0.93	TSLX	Sixth Street Specialty	Pair Corr
0.88	CSWC	Capital Southwest	Pair Corr
0.93	C	Citigroup Aggressive Push	Pair Corr
0.9	L	Loews Corp Earnings Call This Week	Pair Corr
0.92	DHIL	Diamond Hill Investment	Pair Corr
0.81	AB	AllianceBernstein Earnings Call This Week	Pair Corr
0.81	AC	Associated Capital	Pair Corr
0.92	AX	Axos Financial Earnings Call This Week	Pair Corr
0.94	BK	Bank of New York	Pair Corr
0.94	BN	Brookfield Corp	Pair Corr
0.83	BX	Blackstone Group	Pair Corr
0.8	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.93	CG	Carlyle Group Earnings Call This Week	Pair Corr
0.95	CM	Canadian Imperial Bank	Pair Corr
0.93	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.82	HG	Hamilton Insurance Group,	Pair Corr
0.89	IX	Orix Corp Ads	Pair Corr

Moving against Aberdeen Stock

0.4	PSEC	Prospect Capital	Pair Corr
0.71	FG	FG Annuities Life	Pair Corr
0.64	EG	Everest Group Earnings Call This Week	Pair Corr

Related Correlations Analysis

	FAX	IAF	JEQ	EDF	SABA	FTF
FAX		0.93	0.92	0.94	0.94	0.94	FAX
IAF	0.93		0.94	0.9	0.9	0.92	IAF
JEQ	0.92	0.94		0.91	0.86	0.94	JEQ
EDF	0.94	0.9	0.91		0.9	0.92	EDF
SABA	0.94	0.9	0.86	0.9		0.91	SABA
FTF	0.94	0.92	0.94	0.92	0.91		FTF
	FAX	IAF	JEQ	EDF	SABA	FTF

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Risk-Adjusted Indicators

There is a big difference between Aberdeen Stock performing well and Aberdeen Global 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 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
FAX	0.53	0.10	0.01	0.47	0.45	(0.63)	1.51	(1.07)	3.58
IAF	0.75	0.16	0.10	0.59	0.53	(0.93)	1.45	(1.15)	3.39
JEQ	0.84	0.11	0.07	0.30	0.84	(0.96)	2.00	(1.42)	6.55
EDF	0.79	0.18	0.08	0.92	0.65	(0.98)	2.09	(1.19)	5.22
SABA	0.68	0.23	0.08	(1.08)	0.54	(0.83)	2.15	(1.23)	4.88
FTF	0.42	0.06	(0.05)	0.37	0.48	(0.48)	0.97	(0.80)	2.74

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