Abrdn Short Duration Fund Market Value
| ACHMX Fund | USD 9.26 0.01 0.11% |
| Symbol | Abrdn |
Abrdn 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 Abrdn 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 Abrdn Short.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Abrdn Short on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Abrdn Short Duration or generate 0.0% return on investment in Abrdn Short over 180 days. Abrdn Short is related to or competes with Siit High, Morningstar Aggressive, Western Asset, Needham Aggressive, Calvert High, and Ab High. Under normal circumstances, the fund invests at least 80 percent of its net assets in municipal obligations that are exe... More
Abrdn 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 Abrdn 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 Abrdn Short Duration upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.293 | |||
| Information Ratio | (0.73) | |||
| Maximum Drawdown | 0.979 | |||
| Value At Risk | (0.11) | |||
| Potential Upside | 0.2181 |
Abrdn Short Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Abrdn Short's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Abrdn Short's standard deviation. In reality, there are many statistical measures that can use Abrdn Short historical prices to predict the future Abrdn Short's volatility.| Risk Adjusted Performance | 0.0508 | |||
| Jensen Alpha | 0.0062 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.38) | |||
| Treynor Ratio | 0.4896 |
Abrdn Short Duration Backtested Returns
At this stage we consider Abrdn Mutual Fund to be very steady. Abrdn Short Duration secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the fund had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Abrdn Short Duration, which you can use to evaluate the volatility of the entity. Please confirm Abrdn Short's Downside Deviation of 0.293, mean deviation of 0.0933, and Risk Adjusted Performance of 0.0508 to double-check if the risk estimate we provide is consistent with the expected return of 0.0208%. The fund shows a Beta (market volatility) of 0.0168, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Abrdn Short's returns are expected to increase less than the market. However, during the bear market, the loss of holding Abrdn Short is expected to be smaller as well.
Auto-correlation | 0.45 |
Average predictability
Abrdn Short Duration has average predictability. Overlapping area represents the amount of predictability between Abrdn Short 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 Abrdn Short Duration price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Abrdn Short price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Abrdn Short Duration lagged returns against current returns
Autocorrelation, which is Abrdn 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 Abrdn Short's mutual fund expected returns. We can calculate the autocorrelation of Abrdn Short returns to help us make a trade decision. For example, suppose you find that Abrdn 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 |
Abrdn 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 Abrdn Short mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Abrdn 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 Abrdn Short mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Abrdn Short Lagged Returns
When evaluating Abrdn Short's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Abrdn Short mutual fund have on its future price. Abrdn 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, Abrdn Short autocorrelation shows the relationship between Abrdn Short mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Abrdn 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 Abrdn Mutual Fund
Abrdn Short financial ratios help investors to determine whether Abrdn 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 Abrdn with respect to the benefits of owning Abrdn Short security.
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