Aberdeen Correlations

Mutual Funds . USA . 
Fund . Aberdeen Multi Cap Equity
GGLIX Fund  USD 13.85  0.06  0.44%   
The current 90-days correlation between Aberdeen Multi Cap and Qs Growth Fund is -0.05 (i.e., Good diversification). The correlation of Aberdeen 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 Correlation With Market

Almost no diversification

The correlation between Aberdeen Multi Cap Equity and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Multi Cap Equity 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 Multi Cap Equity. 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

  0.95GEGAX Aberdeen Emerging MarketsPairCorr
  0.96GEGCX Aberdeen Emerging MarketsPairCorr
  0.95GEMRX Aberdeen Emerging MarketsPairCorr
  0.93GWLIX Aberdeen Gbl EqPairCorr
  0.93GWLRX Aberdeen Gbl EqPairCorr
  0.94STK Columbia Seligman PremiumPairCorr
  0.82CGFIX Aberdeen Global FixedPairCorr
  0.97GXXAX Aberdeen Equity APairCorr
  1.0GXXIX Aberdeen Equity InstlPairCorr
  0.96WVCCX Aberdeen Gbl SmallPairCorr
  0.62NTFAX Aberdeen Tax FreePairCorr
  0.91ASEMX Abrdn Em SmaPairCorr
  0.74ABESX Aberdeen Tax FreePairCorr
  0.95ABEMX Aberdeen Emerging MarktsPairCorr
  0.61ABEIX Aberdeen Tax FreePairCorr
  0.97ABNIX Aberdeen Global SmallPairCorr
  0.88ATOAX Alpine Ultra ShortPairCorr
  0.83ATOBX Aberdeen Ultra ShortPairCorr
  0.88ATOIX Alpine Ultra ShortPairCorr
  0.94JETAX Aberdeen Select IntePairCorr
  0.94JETIX Aberdeen Select IntePairCorr
  0.95ADAVX Alpine Dynamic DividendPairCorr
  0.95ADVDX Alpine Dynamic DividendPairCorr
  0.93GLLAX Aberdeen Gbl EqPairCorr
  0.93GLLCX Aberdeen Gbl EqPairCorr
  0.93GLLSX Aberdeen Global EqutyPairCorr
  0.96AEMSX Aberden Emerng MrktsPairCorr
  0.93BJBHX Aberdeen Global HighPairCorr
  0.93JHYIX Aberdeen Global HighPairCorr
  0.99GNSRX Aberdeen Small CapPairCorr
  0.81AGCIX Aberdeen Global UncoPairCorr
  0.88GOPRX Aberdeen China OpptyPairCorr
  0.89GOPAX Aberdeen China OpptyPairCorr
  0.88GOPCX Aberdeen China OpptyPairCorr
  0.89GOPIX 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 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'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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