Aberdeen Short Duration Fund Market Value
| AAHMX Fund | USD 9.26 0.01 0.11% |
| Symbol | Aberdeen |
Aberdeen Short 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Aberdeen Short's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Aberdeen Short.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Aberdeen Short on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Aberdeen Short Duration or generate 0.0% return on investment in Aberdeen Short over 720 days. Aberdeen Short is related to or competes with Lord Abbett, Tax-managed, Davenport Small, Tiaa Cref, T Rowe, and Jhancock Diversified. Under normal circumstances, the fund invests at least 80 percent of its net assets in municipal obligations that are exe... More
Aberdeen Short Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Aberdeen Short's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Aberdeen Short Duration upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2994 | |||
| Information Ratio | (0.68) | |||
| Maximum Drawdown | 0.9804 | |||
| Value At Risk | (0.22) | |||
| Potential Upside | 0.3264 |
Aberdeen Short Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aberdeen Short's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aberdeen Short's standard deviation. In reality, there are many statistical measures that can use Aberdeen Short historical prices to predict the future Aberdeen Short's volatility.| Risk Adjusted Performance | 0.0565 | |||
| Jensen Alpha | 0.0075 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.37) | |||
| Treynor Ratio | 0.4861 |
Aberdeen Short Duration Backtested Returns
At this stage we consider Aberdeen Mutual Fund to be very steady. Aberdeen Short Duration secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the fund had a 0.12% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Aberdeen Short Duration, which you can use to evaluate the volatility of the entity. Please confirm Aberdeen Short's risk adjusted performance of 0.0565, and Mean Deviation of 0.0995 to double-check if the risk estimate we provide is consistent with the expected return of 0.0191%. The fund shows a Beta (market volatility) of 0.0204, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Aberdeen Short's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aberdeen Short is expected to be smaller as well.
Auto-correlation | -0.49 |
Modest reverse predictability
Aberdeen Short Duration has modest reverse predictability. Overlapping area represents the amount of predictability between Aberdeen Short time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Aberdeen Short Duration price movement. The serial correlation of -0.49 indicates that about 49.0% of current Aberdeen Short price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Aberdeen Short Duration lagged returns against current returns
Autocorrelation, which is Aberdeen Short mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Aberdeen Short's mutual fund expected returns. We can calculate the autocorrelation of Aberdeen Short returns to help us make a trade decision. For example, suppose you find that Aberdeen Short has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Aberdeen Short regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Aberdeen Short mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aberdeen Short mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aberdeen Short mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Aberdeen Short Lagged Returns
When evaluating Aberdeen Short's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aberdeen Short mutual fund have on its future price. Aberdeen Short autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Aberdeen Short autocorrelation shows the relationship between Aberdeen Short mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Aberdeen Short Duration.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Aberdeen Mutual Fund
Aberdeen Short 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 Short security.
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