Aberdeen Global Premier Fund Market Value
| AWP Fund | USD 4.30 0.04 0.92% |
| 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 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.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Aberdeen Global on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Aberdeen Global Premier or generate 0.0% return on investment in Aberdeen Global over 60 days. Aberdeen Global is related to or competes with Aberdeen Global, Blackrock Resources, Aberdeen Total, Blackrock Enhanced, Cohen Steers, Cohen, and Cohen Steers. Abrdn Global Premier Properties Fund is a closed-end equity mutual fund launched and managed by Alpine Woods Capital Inv... 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 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 Premier upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.32 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 5.61 | |||
| Value At Risk | (1.62) | |||
| Potential Upside | 1.93 |
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 | 0.0216 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0639 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aberdeen Global'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 Global Premier Backtested Returns
Currently, Aberdeen Global Premier is somewhat reliable. Aberdeen Global Premier secures Sharpe Ratio (or Efficiency) of 0.0526, which signifies that the fund had a 0.0526% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Aberdeen Global Premier, which you can use to evaluate the volatility of the entity. Please confirm Aberdeen Global's risk adjusted performance of 0.0216, and Mean Deviation of 1.04 to double-check if the risk estimate we provide is consistent with the expected return of 0.0673%. The fund shows a Beta (market volatility) of 0.3, 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 | 0.55 |
Modest predictability
Aberdeen Global Premier has modest predictability. Overlapping area represents the amount of predictability between Aberdeen Global time series from 27th of September 2024 to 27th of October 2024 and 27th 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 Global Premier price movement. The serial correlation of 0.55 indicates that about 55.0% of current Aberdeen Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Aberdeen Global Premier lagged returns against current returns
Autocorrelation, which is Aberdeen Global 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 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 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 fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aberdeen Global 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 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 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 fund current value and its past values and can show if there is a momentum factor associated with investing in Aberdeen Global Premier.
Regressed Prices |
| Timeline |
Pair Trading with Aberdeen Global
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 Global 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 Global will appreciate offsetting losses from the drop in the long position's value.Moving against Aberdeen Fund
| 0.42 | NDP | Tortoise Energy Inde | PairCorr |
| 0.35 | BTO | John Hancock Financial | PairCorr |
| 0.34 | CEE | Central Europe Russia | PairCorr |
| 0.31 | RQECX | Resq Dynamic Allocation | PairCorr |
The ability to find closely correlated positions to Aberdeen Global 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 Global 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 Global - 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 Global Premier to buy it.
The correlation of Aberdeen Global 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 Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aberdeen Global Premier 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 Global 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 Global 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 Global security.
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories |