Abrdn Global's market value is the price at which a share of Abrdn Global trades on a public exchange. It measures the collective expectations of abrdn Global Real investors about its performance. Abrdn Global is selling for under 868.85 as of the 24th of November 2024; that is 1.38 percent increase since the beginning of the trading day. The etf's lowest day price was 867.6. With this module, you can estimate the performance of a buy and hold strategy of abrdn Global Real and determine expected loss or profit from investing in Abrdn Global over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Abrdn
Abrdn 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 Abrdn Global's etf 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 Global.
0.00
09/25/2024
No Change 0.00
0.0
In 2 months and 2 days
11/24/2024
0.00
If you would invest 0.00 in Abrdn Global on September 25, 2024 and sell it all today you would earn a total of 0.00 from holding abrdn Global Real or generate 0.0% return on investment in Abrdn Global over 60 days.
Abrdn 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 Abrdn Global's etf 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 Global Real upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Abrdn Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Abrdn Global's standard deviation. In reality, there are many statistical measures that can use Abrdn Global historical prices to predict the future Abrdn Global's volatility.
Currently, abrdn Global Real is very steady. abrdn Global Real secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the etf had a 0.1% return per unit of risk over the last 3 months. We have found thirty technical indicators for abrdn Global Real, which you can use to evaluate the volatility of the entity. Please confirm Abrdn Global's Risk Adjusted Performance of 0.0933, semi deviation of 0.4369, and Downside Deviation of 0.5637 to double-check if the risk estimate we provide is consistent with the expected return of 0.0664%. The etf shows a Beta (market volatility) of 0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Abrdn Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Abrdn Global is expected to be smaller as well.
Auto-correlation
0.27
Poor predictability
abrdn Global Real has poor predictability. Overlapping area represents the amount of predictability between Abrdn Global time series from 25th of September 2024 to 25th of October 2024 and 25th of October 2024 to 24th 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 Global Real price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Abrdn Global price fluctuation can be explain by its past prices.
Correlation Coefficient
0.27
Spearman Rank Test
0.1
Residual Average
0.0
Price Variance
100.65
abrdn Global Real lagged returns against current returns
Autocorrelation, which is Abrdn Global etf'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 Global's etf expected returns. We can calculate the autocorrelation of Abrdn Global returns to help us make a trade decision. For example, suppose you find that Abrdn Global has exhibited high autocorrelation historically, and you observe that the etf 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 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 Abrdn Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Abrdn Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Abrdn Global etf over time.
Current vs Lagged Prices
Timeline
Abrdn Global Lagged Returns
When evaluating Abrdn Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Abrdn Global etf have on its future price. Abrdn 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, Abrdn Global autocorrelation shows the relationship between Abrdn Global etf current value and its past values and can show if there is a momentum factor associated with investing in abrdn Global Real.
Regressed Prices
Timeline
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