Aberdeen Global Small Fund Market Value
| ABNIX Fund | USD 30.68 0.14 0.45% |
| Symbol | Aberdeen |
Aberdeen Global '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 Global'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 Global.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Aberdeen Global on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Aberdeen Global Small or generate 0.0% return on investment in Aberdeen Global over 180 days. Aberdeen Global is related to or competes with Oppenheimer Intl, Oppenheimer Intl, Oppenheimer Intl, T Rowe, Mfs International, Mfs International, and Mfs International. The fund seeks to achieve its objective by investing primarily in equity securities of small non-U.S More
Aberdeen Global 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 Global'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 Global Small upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 3.59 | |||
| Value At Risk | (1.33) | |||
| Potential Upside | 1.29 |
Aberdeen Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aberdeen Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aberdeen Global's standard deviation. In reality, there are many statistical measures that can use Aberdeen Global historical prices to predict the future Aberdeen Global's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.12) |
Aberdeen Global Small Backtested Returns
Aberdeen Global Small secures Sharpe Ratio (or Efficiency) of -0.0779, which signifies that the fund had a -0.0779% return per unit of standard deviation over the last 3 months. Aberdeen Global Small exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aberdeen Global's risk adjusted performance of (0.06), and Mean Deviation of 0.6381 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.64, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Aberdeen Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aberdeen Global is expected to be smaller as well.
Auto-correlation | -0.45 |
Modest reverse predictability
Aberdeen Global Small has modest reverse predictability. Overlapping area represents the amount of predictability between Aberdeen Global time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th 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 Global Small price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Aberdeen Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
Aberdeen Global Small lagged returns against current returns
Autocorrelation, which is Aberdeen Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Aberdeen Global returns to help us make a trade decision. For example, suppose you find that Aberdeen Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aberdeen Global 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 Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Aberdeen Global Lagged Returns
When evaluating Aberdeen Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aberdeen Global mutual fund have on its future price. Aberdeen Global 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 Global autocorrelation shows the relationship between Aberdeen Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Aberdeen Global Small.
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 Global 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 Global security.
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