Abrdn Asia Pacific Stock Market Value
| FAP Stock | CAD 2.76 0.01 0.36% |
| Symbol | Abrdn |
abrdn Asia Pacific Price To Book Ratio
Abrdn Asia '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 Asia's stock 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 Asia.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Abrdn Asia on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding abrdn Asia Pacific or generate 0.0% return on investment in Abrdn Asia over 30 days. Abrdn Asia is related to or competes with NVIDIA CDR, Apple, Microsoft Corp, Amazon CDR, Meta Platforms, Tesla, and Alphabet. Aberdeen Asia-Pacific Income Investment Company Limited is a close ended fixed income mutual fund launched by Aberdeen S... More
Abrdn Asia 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 Asia's stock 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 Asia Pacific upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.873 | |||
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 3.34 | |||
| Value At Risk | (1.11) | |||
| Potential Upside | 0.7463 |
Abrdn Asia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Abrdn Asia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Abrdn Asia's standard deviation. In reality, there are many statistical measures that can use Abrdn Asia historical prices to predict the future Abrdn Asia's volatility.| Risk Adjusted Performance | 0.0075 | |||
| Jensen Alpha | 0.0025 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | 0.0565 |
abrdn Asia Pacific Backtested Returns
As of now, Abrdn Stock is somewhat reliable. abrdn Asia Pacific secures Sharpe Ratio (or Efficiency) of 0.067, which signifies that the company had a 0.067% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for abrdn Asia Pacific, which you can use to evaluate the volatility of the firm. Please confirm Abrdn Asia's Semi Deviation of 0.6262, risk adjusted performance of 0.0075, and Downside Deviation of 0.873 to double-check if the risk estimate we provide is consistent with the expected return of 0.0435%. Abrdn Asia has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0389, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Abrdn Asia are expected to decrease at a much lower rate. During the bear market, Abrdn Asia is likely to outperform the market. abrdn Asia Pacific right now shows a risk of 0.65%. Please confirm abrdn Asia Pacific expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to decide if abrdn Asia Pacific will be following its price patterns.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
abrdn Asia Pacific has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Abrdn Asia time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 abrdn Asia Pacific price movement. The serial correlation of -0.72 indicates that around 72.0% of current Abrdn Asia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
abrdn Asia Pacific lagged returns against current returns
Autocorrelation, which is Abrdn Asia stock'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 Asia's stock expected returns. We can calculate the autocorrelation of Abrdn Asia returns to help us make a trade decision. For example, suppose you find that Abrdn Asia has exhibited high autocorrelation historically, and you observe that the stock 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 Asia 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 Asia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Abrdn Asia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Abrdn Asia stock over time.
Current vs Lagged Prices |
| Timeline |
Abrdn Asia Lagged Returns
When evaluating Abrdn Asia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Abrdn Asia stock have on its future price. Abrdn Asia 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 Asia autocorrelation shows the relationship between Abrdn Asia stock current value and its past values and can show if there is a momentum factor associated with investing in abrdn Asia Pacific.
Regressed Prices |
| Timeline |
Pair Trading with Abrdn Asia
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 Abrdn Asia 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 Abrdn Asia will appreciate offsetting losses from the drop in the long position's value.Moving together with Abrdn Stock
Moving against Abrdn Stock
The ability to find closely correlated positions to Abrdn Asia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Abrdn Asia 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 Abrdn Asia - 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 abrdn Asia Pacific to buy it.
The correlation of Abrdn Asia 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 Abrdn Asia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if abrdn Asia Pacific 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 Abrdn Asia 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 Abrdn Stock
Abrdn Asia financial ratios help investors to determine whether Abrdn Stock 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 Asia security.