Abrdn Physical Correlations

SIVR Etf

USD 36.35 0.27 0.75%

The current 90-days correlation between abrdn Physical Silver and abrdn Physical Gold is -0.25 (i.e., Very good diversification). The correlation of Abrdn Physical 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.

Abrdn Physical Correlation With Market

Significant diversification

The correlation between abrdn Physical Silver and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding abrdn Physical Silver and DJI in the same portfolio, assuming nothing else is changed.

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in abrdn Physical Silver. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Abrdn Etf

0.97	SLV	iShares Silver Trust Sell-off Trend	Pair Corr
0.86	USO	United States Oil	Pair Corr
0.91	GLTR	abrdn Physical Precious	Pair Corr
0.94	LENS	Sarmaya Thematic ETF	Pair Corr
0.82	MAPP	Harbor ETF Trust	Pair Corr
0.75	PRME	Prime Medicine, Common	Pair Corr
0.65	JUNE	Junee Limited Ordinary Symbol Change	Pair Corr
0.73	SNPD	DBX ETF Trust	Pair Corr
0.8	EVUS	iShares ESG Aware	Pair Corr
0.79	XOP	SPDR SP Oil	Pair Corr
0.78	MSFT	Microsoft	Pair Corr
0.83	IBM	International Business Earnings Call This Week	Pair Corr
0.69	AA	Alcoa Corp	Pair Corr
0.75	DIS	Walt Disney	Pair Corr
0.65	INTC	Intel Earnings Call This Week	Pair Corr
0.82	PFE	Pfizer Inc	Pair Corr
0.74	XOM	Exxon Mobil Corp	Pair Corr
0.82	CSCO	Cisco Systems	Pair Corr
0.89	CVX	Chevron Corp	Pair Corr
0.83	CAT	Caterpillar	Pair Corr
0.7	BA	Boeing	Pair Corr
0.81	JPM	JPMorgan Chase	Pair Corr

Moving against Abrdn Etf

0.59	DBA	Invesco DB Agriculture	Pair Corr
0.58	PG	Procter Gamble	Pair Corr
0.4	WNTR	Tidal Trust II	Pair Corr
0.6	VZ	Verizon Communications Earnings Call This Week	Pair Corr
0.46	KO	Coca Cola Earnings Call This Week	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.98	0.84	0.82	0.55	0.93	0.29	0.94	0.23	0.57	META
MSFT	0.98		0.87	0.85	0.52	0.89	0.29	0.96	0.24	0.59	MSFT
UBER	0.84	0.87		0.9	0.42	0.81	0.54	0.88	0.21	0.54	UBER
F	0.82	0.85	0.9		0.4	0.84	0.28	0.91	0.43	0.73	F
T	0.55	0.52	0.42	0.4		0.57	0.17	0.5	0.27	0.16	T
A	0.93	0.89	0.81	0.84	0.57		0.24	0.89	0.37	0.63	A
CRM	0.29	0.29	0.54	0.28	0.17	0.24		0.23	-0.26	-0.08	CRM
JPM	0.94	0.96	0.88	0.91	0.5	0.89	0.23		0.32	0.68	JPM
MRK	0.23	0.24	0.21	0.43	0.27	0.37	-0.26	0.32		0.56	MRK
XOM	0.57	0.59	0.54	0.73	0.16	0.63	-0.08	0.68	0.56		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

MSFT	+ 0.98	META
JPM	+ 0.96	MSFT
JPM	+ 0.94	META
A	+ 0.93	META
JPM	+ 0.91	F
F	+ 0.9	UBER

High negative correlations

MRK	- 0.26	CRM
XOM	- 0.08	CRM

Abrdn Physical Competition Risk-Adjusted Indicators

There is a big difference between Abrdn Etf performing well and Abrdn Physical ETF 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 Physical'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
META	1.51	0.26	0.21	0.32	1.10	(1.82)	3.99	(2.35)	10.48
MSFT	0.90	0.30	0.27	0.47	0.54	(1.09)	2.33	(1.08)	8.85
UBER	1.64	0.20	0.13	0.33	1.40	(2.08)	4.19	(2.54)	10.87
F	1.32	0.14	0.06	0.32	1.47	(1.42)	2.69	(2.61)	7.46
T	1.02	(0.05)	(0.10)	0.00	1.35	(1.06)	2.35	(2.35)	5.71
A	1.46	(0.07)	0.00	0.09	1.81	(1.51)	2.54	(2.89)	14.01
CRM	1.33	(0.13)	(0.04)	0.04	1.74	(1.28)	2.95	(3.19)	9.31
JPM	0.90	0.22	0.18	0.38	0.67	(1.02)	2.25	(1.36)	6.03
MRK	1.39	(0.09)	(0.05)	0.04	1.96	(1.32)	2.88	(3.31)	10.58
XOM	1.08	0.14	0.00	(9.00)	1.19	(1.12)	2.40	(2.51)	5.84

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