Aberdeen Small Correlations

Mutual Funds . USA . 
Fund . Aberdeen Small Cap
GSCIX Fund  USD 42.18  0.13  0.31%   
The current 90-days correlation between Aberdeen Small Cap and Americafirst Large Cap is 0.81 (i.e., Very poor diversification). The correlation of Aberdeen Small 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 Small Correlation With Market

Good diversification

The correlation between Aberdeen Small Cap and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Small Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Aberdeen Small Cap. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Aberdeen Mutual Fund

  0.96GEGAX Aberdeen Emerging MarketsPairCorr
  0.95GEGCX Aberdeen Emerging MarketsPairCorr
  0.96GEMRX Aberdeen Emerging MarketsPairCorr
  0.94GWLIX Aberdeen Gbl EqPairCorr
  0.94GWLRX Aberdeen Gbl EqPairCorr
  0.95STK Columbia Seligman PremiumPairCorr
  0.82CGFIX Aberdeen Global FixedPairCorr
  0.99GXXAX Aberdeen Equity APairCorr
  0.97GXXIX Aberdeen Equity InstlPairCorr
  0.97GGLIX Aberdeen Multi CapPairCorr
  0.98WVCCX Aberdeen Gbl SmallPairCorr
  0.92ASEMX Abrdn Em SmaPairCorr
  0.68ABESX Aberdeen Tax FreePairCorr
  0.96ABEMX Aberdeen Emerging MarktsPairCorr
  0.97ABNIX Aberdeen Global SmallPairCorr
  0.9ATOAX Alpine Ultra ShortPairCorr
  0.87ATOBX Aberdeen Ultra ShortPairCorr
  0.9ATOIX Alpine Ultra ShortPairCorr
  0.95JETAX Aberdeen Select IntePairCorr
  0.95JETIX Aberdeen Select IntePairCorr
  0.98ADAVX Alpine Dynamic DividendPairCorr
  0.96ADVDX Alpine Dynamic DividendPairCorr
  0.95GLLAX Aberdeen Gbl EqPairCorr
  0.94GLLCX Aberdeen Gbl EqPairCorr
  0.94GLLSX Aberdeen Global EqutyPairCorr
  0.95AEMSX Aberden Emerng MrktsPairCorr
  0.96BJBHX Aberdeen Global HighPairCorr
  0.95JHYIX Aberdeen Global HighPairCorr
  0.97GNSRX Aberdeen Small CapPairCorr
  0.82AGCIX Aberdeen Global UncoPairCorr
  0.87GOPRX Aberdeen China OpptyPairCorr
  0.89GOPAX Aberdeen China OpptyPairCorr
  0.87GOPCX Aberdeen China OpptyPairCorr
  0.87GOPIX Aberdeen China OpptyPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Aberdeen Mutual Fund performing well and Aberdeen Small Mutual 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 Small'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY