Aberdeen Multi-Market Income Fund (MMT) — Stock Correlations & Overview
Over the past year, MMT has moved most closely with ERC, HPF, DSL. Explore the stocks most correlated and inversely correlated with MMT below, along with its price, financials, and company profile.
Stocks correlated with MMT
Correlation of daily returns. Higher positive values move with MMT; negative values move opposite it. Informational only, not investment advice.
Most correlated with MMT
| Symbol | Company | Correlation |
|---|---|---|
| ERC | Allspring Multi-Sector Income Fund | 0.40 |
| HPF | John Hancock Preferred Income Fund II | 0.40 |
| DSL | DOUBLELINE INCOME SOLUTIONS FUND | 0.39 |
| LDP | COHEN & STEERS LIMITED DURATION PREFERRED AND INCOME FUND INC | 0.39 |
| SDHY | PGIM Short Duration High Yield Opportunities Fund | 0.39 |
Most inversely correlated with MMT
| Symbol | Company | Correlation |
|---|---|---|
| SCC | ProShares UltraShort Consumer Discretionary | -0.27 |
| TSLZ | T-Rex 2X Inverse Tesla Daily Target ETF | -0.27 |
| TSLS | Direxion Shares ETF Trust Direxion Daily TSLA Bear 1X ETF | -0.27 |
| SPDN | Direxion Daily S&P 500 Bear 1X ETF | -0.26 |
| TSLQ | Investment Managers Series Trust II Tradr 2X Short TSLA Daily ETF | -0.26 |
Frequently asked questions about MMT correlations
- Which stocks are most correlated with MMT?
- Based on one year of daily returns, the stocks most correlated with Aberdeen Multi-Market Income Fund (MMT) are ERC (0.40), HPF (0.40) and DSL (0.39). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with MMT?
- Over the past year, the stocks most inversely correlated with Aberdeen Multi-Market Income Fund (MMT) are SCC (-0.27), TSLZ (-0.27) and TSLS (-0.27). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these MMT correlations calculated?
- We compute the correlation of daily returns between MMT and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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