Aberdeen Standard Global Fund Market Value
| ASGI Fund | USD 19.65 0.09 0.46% |
| Symbol | Aberdeen |
Aberdeen Standard '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 Standard'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 Standard.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Aberdeen Standard on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Aberdeen Standard Global or generate 0.0% return on investment in Aberdeen Standard over 90 days. Aberdeen Standard is related to or competes with Blackrock Muniyield, PIMCO Access, Nuveen Municipal, Western Asset, Eaton Vance, Eaton Vance, and Blackrock Floating. Aberdeen Standard is entity of United States More
Aberdeen Standard 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 Standard'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 Standard Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.07 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 5.53 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 1.74 |
Aberdeen Standard Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aberdeen Standard's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aberdeen Standard's standard deviation. In reality, there are many statistical measures that can use Aberdeen Standard historical prices to predict the future Aberdeen Standard's volatility.| Risk Adjusted Performance | 0.0637 | |||
| Jensen Alpha | 0.0627 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 1.41 |
Aberdeen Standard Global Backtested Returns
Aberdeen Standard is very steady at the moment. Aberdeen Standard Global secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the fund had a 0.1% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Aberdeen Standard Global, which you can use to evaluate the volatility of the entity. Please confirm Aberdeen Standard's mean deviation of 0.6642, and Risk Adjusted Performance of 0.0637 to double-check if the risk estimate we provide is consistent with the expected return of 0.0846%. The fund shows a Beta (market volatility) of 0.0485, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Aberdeen Standard's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aberdeen Standard is expected to be smaller as well.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Aberdeen Standard Global has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Aberdeen Standard time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th 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 Standard Global price movement. The serial correlation of -0.77 indicates that around 77.0% of current Aberdeen Standard price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Aberdeen Standard Global lagged returns against current returns
Autocorrelation, which is Aberdeen Standard 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 Standard's fund expected returns. We can calculate the autocorrelation of Aberdeen Standard returns to help us make a trade decision. For example, suppose you find that Aberdeen Standard 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 Standard 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 Standard fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aberdeen Standard fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aberdeen Standard fund over time.
Current vs Lagged Prices |
| Timeline |
Aberdeen Standard Lagged Returns
When evaluating Aberdeen Standard's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aberdeen Standard fund have on its future price. Aberdeen Standard 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 Standard autocorrelation shows the relationship between Aberdeen Standard fund current value and its past values and can show if there is a momentum factor associated with investing in Aberdeen Standard Global.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Aberdeen Fund
Aberdeen Standard 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 Standard security.
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