Aberdeen Tax Free Income Fund Market Value
| ABESX Fund | USD 9.03 0.02 0.22% |
| Symbol | Aberdeen |
Aberdeen Tax-free '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 Tax-free'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 Tax-free.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Aberdeen Tax-free on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Aberdeen Tax Free Income or generate 0.0% return on investment in Aberdeen Tax-free over 180 days. Aberdeen Tax-free is related to or competes with Aberdeen Emerging, Aberdeen Emerging, Aberdeen Emerging, Aberdeen Gbl, Aberdeen Gbl, Columbia Seligman, and Aberdeen Global. The fund invests at least 80 percent of the value of its net assets, plus any borrowings for investment purposes, in inv... More
Aberdeen Tax-free 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 Tax-free'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 Tax Free Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3675 | |||
| Information Ratio | (0.44) | |||
| Maximum Drawdown | 1.79 | |||
| Value At Risk | (0.33) | |||
| Potential Upside | 0.451 |
Aberdeen Tax-free Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aberdeen Tax-free's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aberdeen Tax-free's standard deviation. In reality, there are many statistical measures that can use Aberdeen Tax-free historical prices to predict the future Aberdeen Tax-free's volatility.| Risk Adjusted Performance | 0.0463 | |||
| Jensen Alpha | 0.0224 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.31) | |||
| Treynor Ratio | (0.15) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aberdeen Tax-free's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Aberdeen Tax Free Backtested Returns
At this stage we consider Aberdeen Mutual Fund to be very steady. Aberdeen Tax Free secures Sharpe Ratio (or Efficiency) of 0.072, which signifies that the fund had a 0.072% 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 0.0463, and Mean Deviation of 0.1623 to double-check if the risk estimate we provide is consistent with the expected return of 0.0177%. The fund shows a Beta (market volatility) of -0.0794, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Aberdeen Tax-free are expected to decrease at a much lower rate. During the bear market, Aberdeen Tax-free is likely to outperform the market.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Aberdeen Tax Free Income has insignificant reverse predictability. Overlapping area represents the amount of predictability between Aberdeen Tax-free time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Tax Free price movement. The serial correlation of -0.18 indicates that over 18.0% of current Aberdeen Tax-free price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Aberdeen Tax Free lagged returns against current returns
Autocorrelation, which is Aberdeen Tax-free 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 Tax-free's mutual fund expected returns. We can calculate the autocorrelation of Aberdeen Tax-free returns to help us make a trade decision. For example, suppose you find that Aberdeen Tax-free 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 Tax-free 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 Tax-free mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aberdeen Tax-free 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 Tax-free mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Aberdeen Tax-free Lagged Returns
When evaluating Aberdeen Tax-free's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aberdeen Tax-free mutual fund have on its future price. Aberdeen Tax-free 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 Tax-free autocorrelation shows the relationship between Aberdeen Tax-free mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Aberdeen Tax Free Income.
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 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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