Aberdeen Small Correlations

Mutual Funds . USA . 
Fund . Aberdeen Small Cap
GSXIX Fund  USD 42.01  0.04  0.1%   
The current 90-days correlation between Aberdeen Small Cap and Aberdeen Small Cap is 1.0 (i.e., No risk reduction). 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

Very poor diversification

The correlation between Aberdeen Small Cap and DJI is 0.85 (i.e., Very poor 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

  0.97GEGAX Aberdeen Emerging MarketsPairCorr
  0.97GEGCX Aberdeen Emerging MarketsPairCorr
  0.97GEMRX Aberdeen Emerging MarketsPairCorr
  0.95GWLIX Aberdeen Gbl EqPairCorr
  0.95GWLRX Aberdeen Gbl EqPairCorr
  0.96STK Columbia Seligman PremiumPairCorr
  0.85CGFIX Aberdeen Global FixedPairCorr
  0.99GXXAX Aberdeen Equity APairCorr
  0.99GXXIX Aberdeen Equity InstlPairCorr
  0.99GGLIX Aberdeen Multi CapPairCorr
  0.98WVCCX Aberdeen Gbl SmallPairCorr
  0.94ASEMX Abrdn Em SmaPairCorr
  0.7ABESX Aberdeen Tax FreePairCorr
  0.97ABEMX Aberdeen Emerging MarktsPairCorr
  0.98ABNIX Aberdeen Global SmallPairCorr
  0.9ATOAX Alpine Ultra ShortPairCorr
  0.87ATOBX Aberdeen Ultra ShortPairCorr
  0.9ATOIX Alpine Ultra ShortPairCorr
  0.97JETAX Aberdeen Select IntePairCorr
  0.96JETIX Aberdeen Select IntePairCorr
  0.98ADAVX Alpine Dynamic DividendPairCorr
  0.98ADVDX Alpine Dynamic DividendPairCorr
  0.95GLLAX Aberdeen Gbl EqPairCorr
  0.95GLLCX Aberdeen Gbl EqPairCorr
  0.95GLLSX Aberdeen Global EqutyPairCorr
  0.97AEMSX Aberden Emerng MrktsPairCorr
  0.96BJBHX Aberdeen Global HighPairCorr
  0.96JHYIX Aberdeen Global HighPairCorr
  1.0GNSRX Aberdeen Small CapPairCorr
  0.85AGCIX Aberdeen Global UncoPairCorr
  0.9GOPRX Aberdeen China OpptyPairCorr
  0.9GOPAX Aberdeen China OpptyPairCorr
  0.9GOPCX Aberdeen China OpptyPairCorr
  0.9GOPIX Aberdeen China OpptyPairCorr

Related Correlations Analysis

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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.

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