Aberdeen Emerging Correlations

GEGAX Fund  USD 12.58  0.48  0.90%   
The correlation of Aberdeen 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aberdeen Emerging moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aberdeen Emerging Markets moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as various price indices.
  
The ability to find closely correlated positions to Aberdeen Emerging could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aberdeen Emerging when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Aberdeen Emerging - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Aberdeen Emerging Markets to buy it.

Moving together with Aberdeen Mutual Fund

  0.72VEMAX Vanguard Emerging MarketsPairCorr
  0.72VEIEX Vanguard Emerging MarketsPairCorr
  0.72VEMIX Vanguard Emerging MarketsPairCorr
  0.72VEMRX Vanguard Emerging MarketsPairCorr
  0.77FWWNX American Funds NewPairCorr
  0.77FNFWX American Funds NewPairCorr
  0.78NEWFX New World FundPairCorr
  0.78NWFFX New World FundPairCorr
  0.78NEWCX New World FundPairCorr
  0.76ODVYX Oppenheimer DevelopingPairCorr
  0.61PCF Putnam High MePairCorr
  0.65TRV The Travelers Companies Financial Report 18th of July 2024 PairCorr

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   
ABNTXMSTBX
PATFXMSTBX
MSVIXPATFX
PATFXABNTX
MSVIXMSTBX
MSVIXABNTX
  
High negative correlations   
TEFAXAFB
MCBXXAFB
MSVIXFZDXX
TEFAXFZDXX
PATFXFZDXX
MCBXXFZDXX

Risk-Adjusted Indicators

There is a big difference between Aberdeen Mutual Fund performing well and Aberdeen Emerging 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 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Aberdeen Emerging without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Already Invested in Aberdeen Emerging Markets?

The danger of trading Aberdeen Emerging Markets is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Aberdeen Emerging is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Aberdeen Emerging. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Aberdeen Emerging Markets is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Aberdeen Emerging Markets. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as various price indices.
Note that the Aberdeen Emerging Markets information on this page should be used as a complementary analysis to other Aberdeen Emerging's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Please note, there is a significant difference between Aberdeen Emerging's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aberdeen Emerging is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aberdeen Emerging's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.