Aberdeen Gbl Correlations

GWLRX Fund

USD 11.74 0.01 0.09%

The current 90-days correlation between Aberdeen Gbl Eq and Aberdeen Eq Long Short is -0.07 (i.e., Good diversification). The correlation of Aberdeen Gbl 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 Gbl Correlation With Market

Significant diversification

The correlation between Aberdeen Gbl Eq and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Gbl Eq 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 Gbl Eq. 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 metropolitan statistical area.

Moving together with Aberdeen Mutual Fund

0.68	GEGAX	Aberdeen Emerging Markets	Pair Corr
0.69	GEGCX	Aberdeen Emerging Markets	Pair Corr
0.69	GEMRX	Aberdeen Emerging Markets	Pair Corr
1.0	GWLIX	Aberdeen Gbl Eq	Pair Corr
0.82	STK	Columbia Seligman Premium	Pair Corr
0.8	GXXAX	Aberdeen Equity A	Pair Corr
0.81	GXXCX	Aberdeen Multi Cap	Pair Corr
0.8	GXXIX	Aberdeen Equity Instl	Pair Corr
0.63	WVCCX	Aberdeen Gbl Small	Pair Corr
0.78	ASEMX	Abrdn Em Sma	Pair Corr
0.8	ABEMX	Aberdeen Emerging Markts	Pair Corr
0.63	ABNIX	Aberdeen Global Small	Pair Corr
0.64	ADAVX	Alpine Dynamic Dividend	Pair Corr
0.63	ADVDX	Alpine Dynamic Dividend	Pair Corr
1.0	GLLAX	Aberdeen Gbl Eq	Pair Corr
1.0	GLLCX	Aberdeen Gbl Eq	Pair Corr
0.85	GLLSX	Aberdeen Global Equty	Pair Corr
0.82	AEMSX	Aberden Emerng Mrkts	Pair Corr
0.73	BJBIX	Aberdeen Select Inte	Pair Corr
0.73	JIEIX	Aberdeen Select Inte	Pair Corr

Related Correlations Analysis

	MLSAX	GEGCX	GWLRX	STK	CGFIX	GXXAX	GXXCX	GGUIX
MLSAX		0.54	0.51	0.51	0.34	0.63	0.62	0.88	MLSAX
GEGCX	0.54		0.69	0.77	0.22	0.62	0.62	0.42	GEGCX
GWLRX	0.51	0.69		0.82	-0.06	0.8	0.81	0.51	GWLRX
STK	0.51	0.77	0.82		-0.16	0.79	0.8	0.36	STK
CGFIX	0.34	0.22	-0.06	-0.16		0.1	0.07	0.36	CGFIX
GXXAX	0.63	0.62	0.8	0.79	0.1		1.0	0.66	GXXAX
GXXCX	0.62	0.62	0.81	0.8	0.07	1.0		0.65	GXXCX
GGUIX	0.88	0.42	0.51	0.36	0.36	0.66	0.65		GGUIX
	MLSAX	GEGCX	GWLRX	STK	CGFIX	GXXAX	GXXCX	GGUIX

Click cells to compare fundamentals

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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

GXXCX	+ 1.0	GXXAX
GGUIX	+ 0.88	MLSAX
STK	+ 0.82	GWLRX
GXXCX	+ 0.81	GWLRX
GXXAX	+ 0.8	GWLRX
GXXCX	+ 0.8	STK

High negative correlations

CGFIX	- 0.16	STK
CGFIX	- 0.06	GWLRX

Risk-Adjusted Indicators

There is a big difference between Aberdeen Mutual Fund performing well and Aberdeen Gbl 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 Gbl'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
MLSAX	0.98	(0.06)	(0.01)	0.06	1.25	(1.15)	2.17	(2.62)	6.91
GEGCX	0.90	0.03	0.02	0.14	1.05	(0.90)	2.61	(1.97)	4.85
GWLRX	0.86	0.01	(0.06)	0.17	1.27	(0.84)	1.48	(2.21)	5.69
STK	1.10	(0.14)	(0.05)	0.01	1.77	(1.00)	2.43	(2.64)	7.98
CGFIX	0.15	0.07	(0.19)	(1.10)	0.00	(0.22)	0.35	(0.23)	0.82
GXXAX	0.72	0.01	(0.09)	(1.57)	0.99	(0.76)	1.53	(1.94)	4.19
GXXCX	0.72	0.01	(0.10)	(0.50)	0.97	(0.78)	1.52	(1.90)	4.30
GGUIX	1.00	0.06	(0.01)	0.37	1.31	(1.09)	2.19	(2.60)	6.89

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