Abrdn Emerging Correlations

Funds . USA . 
Fund . Abrdn Emerging Markets
AEF Fund  USD 6.08  0.08  1.33%   
The current 90-days correlation between Abrdn Emerging Markets and DWS Municipal Income is -0.05 (i.e., Good diversification). The correlation of Abrdn Emerging 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.

Abrdn Emerging Correlation With Market

Weak diversification

The correlation between Abrdn Emerging Markets and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Abrdn Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Abrdn Emerging Markets. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Abrdn Fund

  0.95TEI Templeton EmergingPairCorr
  0.93PHK Pimco High IncomePairCorr
  0.94HIO Western Asset HighPairCorr
  0.7CEE Central Europe RussiaPairCorr
  0.78EHI Western Asset GlobalPairCorr
  0.95HIX Western Asset HighPairCorr
  0.77PCN Pimco Corporate IncomePairCorr
  0.96PFN Pimco Income StrategyPairCorr
  0.9PTY Pimco Corporate IncomePairCorr
  0.97FFC Flaherty CrumrinePairCorr
  0.96GSCZX Small Cap EquityPairCorr
  0.89PQSAX Virtus Kar SmallPairCorr
  0.95PRDGX T Rowe PricePairCorr
  0.7PPVCX American Funds PresePairCorr
  0.94NDVAX Mfs New DiscoveryPairCorr
  0.97GMHYX Mydestination 2035PairCorr
  0.94CAPTX Canterbury PortfolioPairCorr
  0.97PXCCX Invesco Select RiskPairCorr
  0.97THDRX Thornburg DevelopingPairCorr
  0.96GRGDX Goldman Sachs EnhancedPairCorr
  0.81MXEDX Great West EPairCorr
  0.96ACP Aberdeen Income CreditPairCorr
  0.97GFFFX Growth FundPairCorr
  0.87BCIAX California Intermediate-terPairCorr
  0.97VFINX Vanguard 500 IndexPairCorr
  0.91BUFTX Buffalo DiscoveryPairCorr
  0.88NWGSX Nationwide Highmark SmallPairCorr
  0.7RBOFX Intermediate BondPairCorr
  0.81FLRMX Franklin Lifesmart 2020PairCorr
  0.96EILVX Eaton Vance LargePairCorr
  0.95JMGRX Janus EnterprisePairCorr
  0.66TMCLX Transamerica Mlp EnergyPairCorr
  0.76JDFAX Janus Flexible BondPairCorr
  0.9INFCX Alpskotak India GrowthPairCorr
  0.97ARBNX Arbitrage FundPairCorr
  0.97VFIAX Vanguard 500 IndexPairCorr
  0.96NBMIX Neuberger Berman SmallPairCorr

Related Correlations Analysis

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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   
ASXSF
+ 0.85
BBUC
ADD
+ 0.68
BBUC
ADD
+ 0.65
ASXSF
MVT
+ 0.61
BBUC
MVT
+ 0.48
ASXSF
MVT
+ 0.46
KTF
  
High negative correlations   
KTF
- 0.29
ASXSF
KTF
- 0.11
BBUC
ADD
- 0.03
KTF

Risk-Adjusted Indicators

There is a big difference between Abrdn Fund performing well and Abrdn Emerging 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 Abrdn Emerging'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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