Aberdeen Short Correlations

AAHMX Fund

USD 9.28 0.01 0.11%

The current 90-days correlation between Aberdeen Short Duration and Jhancock Disciplined Value is -0.38 (i.e., Very good diversification). The correlation of Aberdeen Short 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 Short Correlation With Market

Average diversification

The correlation between Aberdeen Short Duration and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aberdeen Short Duration 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 Aberdeen Short Duration. 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 population.

Moving together with Aberdeen Mutual Fund

0.76	STK	Columbia Seligman Premium	Pair Corr
0.61	GXXCX	Aberdeen Multi Cap	Pair Corr
0.62	GXXIX	Aberdeen Equity Instl	Pair Corr
0.71	NTFAX	Aberdeen Tax Free	Pair Corr
0.67	ATOBX	Aberdeen Ultra Short	Pair Corr
0.98	ACHMX	Abrdn Short Duration	Pair Corr
0.62	BJBHX	Aberdeen Global High	Pair Corr
0.64	JHYIX	Aberdeen Global High	Pair Corr
0.92	AHYMX	Alpine High Yield	Pair Corr
0.62	ABHFX	American High Income	Pair Corr
0.64	AHICX	American High Income	Pair Corr
0.62	AMHIX	American High Income	Pair Corr
0.64	ACTDX	Invesco High Yield	Pair Corr

Moving against Aberdeen Mutual Fund

0.4	GLLCX	Aberdeen Gbl Eq	Pair Corr
0.39	GWLIX	Aberdeen Gbl Eq	Pair Corr
0.39	GWLRX	Aberdeen Gbl Eq	Pair Corr
0.57	KF	Korea Closed	Pair Corr

Related Correlations Analysis

	JDVNX	LMISX	FIOOX	SBQAX	ALCEX	PCLVX	LMTIX
JDVNX		0.96	0.95	0.97	0.99	0.96	0.97	JDVNX
LMISX	0.96		0.95	0.97	0.97	0.96	0.98	LMISX
FIOOX	0.95	0.95		0.94	0.96	0.99	0.93	FIOOX
SBQAX	0.97	0.97	0.94		0.98	0.95	0.98	SBQAX
ALCEX	0.99	0.97	0.96	0.98		0.97	0.97	ALCEX
PCLVX	0.96	0.96	0.99	0.95	0.97		0.94	PCLVX
LMTIX	0.97	0.98	0.93	0.98	0.97	0.94		LMTIX
	JDVNX	LMISX	FIOOX	SBQAX	ALCEX	PCLVX	LMTIX

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Risk-Adjusted Indicators

There is a big difference between Aberdeen Mutual Fund performing well and Aberdeen Short 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 Short'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
JDVNX	0.54	0.12	0.03	1.51	0.29	(0.71)	1.19	(0.89)	5.12
LMISX	0.53	0.11	0.14	0.25	0.34	(0.67)	1.28	(0.99)	4.05
FIOOX	0.49	(0.02)	(0.08)	0.09	0.30	(0.60)	1.06	(0.70)	3.54
SBQAX	0.58	0.19	0.12	2.95	0.31	(0.74)	1.41	(0.97)	4.87
ALCEX	0.59	0.13	0.05	1.15	0.34	(0.75)	1.28	(0.84)	5.99
PCLVX	0.47	(0.01)	(0.07)	0.10	0.26	(0.60)	1.01	(0.71)	3.99
LMTIX	0.53	0.21	0.16	1.57	0.31	(0.67)	1.33	(0.99)	4.07

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