Aberdeen Tax Free Income Fund Price on September 5, 2024
| ABEIX Fund | USD 9.03 0.02 0.22% |
Below is the normalized historical share price chart for Aberdeen Tax Free Income extending back to February 25, 2013. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Aberdeen Tax-free stands at 9.03, as last reported on the 1st of December, with the highest price reaching 9.03 and the lowest price hitting 9.03 during the day.
If you're considering investing in Aberdeen Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Aberdeen Mutual Fund to be very steady. Aberdeen Tax Free secures Sharpe Ratio (or Efficiency) of 0.0752, which signifies that the fund had a 0.0752% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Aberdeen Tax Free Income, which you can use to evaluate the volatility of the entity. Please confirm Aberdeen Tax-free's risk adjusted performance of 0.0482, and Mean Deviation of 0.1548 to double-check if the risk estimate we provide is consistent with the expected return of 0.0177%.
Aberdeen Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Aberdeen |
Sharpe Ratio = 0.0752
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| Negative Returns | ABEIX |
Estimated Market Risk
| 0.24 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 5 95% of assets perform better |
Based on monthly moving average Aberdeen Tax-free is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Aberdeen Tax-free by adding it to a well-diversified portfolio.
Aberdeen Tax-free Valuation on September 5, 2024
It is possible to determine the worth of Aberdeen Tax-free on a given historical date. On September 5, 2024 Aberdeen was worth 8.96 at the beginning of the trading date compared to the closed value of 8.96. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Aberdeen Tax-free mutual fund. Still, in general, we apply an absolute valuation method to find Aberdeen Tax-free's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Aberdeen Tax-free where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Aberdeen Tax-free's related companies.
| Open | High | Low | Close | Volume | |
| 8.94 | 8.94 | 8.94 | 8.94 | 1.00 | |
09/05/2024 | 8.96 | 8.96 | 8.96 | 8.96 | 1.00 |
| 8.96 | 8.96 | 8.96 | 8.96 | 1.00 |
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Aberdeen Tax-free Trading Date Momentum on September 5, 2024
| On September 06 2024 Aberdeen Tax Free Income was traded for 8.96 at the closing time. The highest daily price throughout the period was 8.96 and the lowest price was 8.96 . There was no trading activity during the period 1.0. Lack of trading volume on 09/06/2024 did not affect price variability. The overall trading delta to current closing price is 0.33% . |
Aberdeen Tax Free Fundamentals Correlations and Trends
By evaluating Aberdeen Tax-free's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Aberdeen Tax-free's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Aberdeen financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Aberdeen Tax-free Mutual Fund history
Aberdeen Tax-free investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Aberdeen is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Aberdeen Tax Free will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Aberdeen Tax-free stock prices may prove useful in developing a viable investing in Aberdeen Tax-free
The fund invests at least 80 percent of the value of its net assets, plus any borrowings for investment purposes, in investment grade fixed income securities that qualify as tax-exempt municipal obligations. Tax-exempt municipal obligations include municipal obligations that pay interest that is free from U.S. federal income tax. These obligations are issued by states, U.S. territories and their political subdivisions, such as counties, cities and towns.
Aberdeen Tax-free Mutual Fund Technical Analysis
Aberdeen Tax-free technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Aberdeen Tax-free Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Aberdeen Tax Free Income cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Aberdeen Tax-free December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Aberdeen Tax-free mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Aberdeen Tax-free shares will generate the highest return on investment. By undertsting and applying Aberdeen Tax-free mutual fund market strength indicators, traders can identify Aberdeen Tax Free Income entry and exit signals to maximize returns
Aberdeen Tax-free Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Aberdeen Tax-free's price direction in advance. Along with the technical and fundamental analysis of Aberdeen Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Aberdeen to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0482 | |||
| Jensen Alpha | 0.0205 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.30) | |||
| Treynor Ratio | (0.19) |
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Other Information on Investing in Aberdeen Mutual Fund
Aberdeen Tax-free financial ratios help investors to determine whether Aberdeen Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Aberdeen with respect to the benefits of owning Aberdeen Tax-free security.
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