Aberdeen Income Credit Fund Market Value
| ACP Fund | USD 6.44 0.02 0.31% |
| Symbol | Aberdeen |
Aberdeen Income '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 Income's 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 Income.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Aberdeen Income on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Aberdeen Income Credit or generate 0.0% return on investment in Aberdeen Income over 540 days. Aberdeen Income is related to or competes with MFS Investment, Eaton Vance, DTF Tax, HUMANA, SCOR PK, Ab Pennsylvania, and Small Cap. Abrdn Income Credit Strategies Fund is a closed-ended fixed income fund launched and managed by Aberdeen Asset Managers ... More
Aberdeen Income 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 Income's 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 Income Credit upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5922 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.29 | |||
| Value At Risk | (0.80) | |||
| Potential Upside | 0.9804 |
Aberdeen Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aberdeen Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aberdeen Income's standard deviation. In reality, there are many statistical measures that can use Aberdeen Income historical prices to predict the future Aberdeen Income's volatility.| Risk Adjusted Performance | 0.1079 | |||
| Jensen Alpha | 0.0557 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.4636 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aberdeen Income'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 Income Credit Backtested Returns
Currently, Aberdeen Income Credit is very steady. Aberdeen Income Credit secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the fund had a 0.14% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Aberdeen Income Credit, which you can use to evaluate the volatility of the entity. Please confirm Aberdeen Income's risk adjusted performance of 0.1079, and Mean Deviation of 0.4277 to double-check if the risk estimate we provide is consistent with the expected return of 0.0813%. The fund shows a Beta (market volatility) of 0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Aberdeen Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aberdeen Income is expected to be smaller as well.
Auto-correlation | 0.52 |
Modest predictability
Aberdeen Income Credit has modest predictability. Overlapping area represents the amount of predictability between Aberdeen Income time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Income Credit price movement. The serial correlation of 0.52 indicates that about 52.0% of current Aberdeen Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Aberdeen Income Credit lagged returns against current returns
Autocorrelation, which is Aberdeen Income 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 Income's fund expected returns. We can calculate the autocorrelation of Aberdeen Income returns to help us make a trade decision. For example, suppose you find that Aberdeen Income has exhibited high autocorrelation historically, and you observe that the 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 Income 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 Income fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aberdeen Income fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aberdeen Income fund over time.
Current vs Lagged Prices |
| Timeline |
Aberdeen Income Lagged Returns
When evaluating Aberdeen Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aberdeen Income fund have on its future price. Aberdeen Income 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 Income autocorrelation shows the relationship between Aberdeen Income fund current value and its past values and can show if there is a momentum factor associated with investing in Aberdeen Income Credit.
Regressed Prices |
| Timeline |
Pair Trading with Aberdeen Income
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Aberdeen Income position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Aberdeen Income will appreciate offsetting losses from the drop in the long position's value.Moving together with Aberdeen Fund
Moving against Aberdeen Fund
The ability to find closely correlated positions to Aberdeen Income could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aberdeen Income when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Aberdeen Income - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Aberdeen Income Credit to buy it.
The correlation of Aberdeen Income is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aberdeen Income moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aberdeen Income Credit moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Aberdeen Income can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Aberdeen Fund
Aberdeen Income financial ratios help investors to determine whether Aberdeen 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 Income security.
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