Aberdeen Multi Cap Equity Fund Market Value
| GXXCX Fund | USD 8.64 0.07 0.80% |
| Symbol | Aberdeen |
Aberdeen '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's mutual 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.
| 08/02/2023 |
| 11/24/2024 |
If you would invest 0.00 in Aberdeen on August 2, 2023 and sell it all today you would earn a total of 0.00 from holding Aberdeen Multi Cap Equity or generate 0.0% return on investment in Aberdeen over 480 days. Aberdeen is related to or competes with Deutsche Real, Prudential Real, Jhancock Real, Columbia Real, and Commonwealth Real. The fund seeks to achieve its investment objective of seeking long-term capital appreciation by investing primarily in e... More
Aberdeen 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's mutual 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 Multi Cap Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8387 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 3.73 | |||
| Value At Risk | (1.37) | |||
| Potential Upside | 1.08 |
Aberdeen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aberdeen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aberdeen's standard deviation. In reality, there are many statistical measures that can use Aberdeen historical prices to predict the future Aberdeen's volatility.| Risk Adjusted Performance | 0.0578 | |||
| Jensen Alpha | 0.0478 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 10.07 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aberdeen'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 Multi Cap Backtested Returns
At this stage we consider Aberdeen Mutual Fund to be very steady. Aberdeen Multi Cap secures Sharpe Ratio (or Efficiency) of 0.0761, which signifies that the fund had a 0.0761% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Aberdeen Multi Cap Equity, which you can use to evaluate the volatility of the entity. Please confirm Aberdeen's risk adjusted performance of 0.0578, and Mean Deviation of 0.583 to double-check if the risk estimate we provide is consistent with the expected return of 0.0592%. The fund shows a Beta (market volatility) of 0.0048, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Aberdeen's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aberdeen is expected to be smaller as well.
Auto-correlation | 0.49 |
Average predictability
Aberdeen Multi Cap Equity has average predictability. Overlapping area represents the amount of predictability between Aberdeen time series from 2nd of August 2023 to 29th of March 2024 and 29th of March 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 Aberdeen Multi Cap price movement. The serial correlation of 0.49 indicates that about 49.0% of current Aberdeen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Aberdeen Multi Cap lagged returns against current returns
Autocorrelation, which is Aberdeen mutual 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's mutual fund expected returns. We can calculate the autocorrelation of Aberdeen returns to help us make a trade decision. For example, suppose you find that Aberdeen has exhibited high autocorrelation historically, and you observe that the mutual 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 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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aberdeen mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aberdeen mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Aberdeen Lagged Returns
When evaluating Aberdeen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aberdeen mutual fund have on its future price. Aberdeen 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 autocorrelation shows the relationship between Aberdeen mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Aberdeen Multi Cap Equity.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Aberdeen Mutual Fund
Aberdeen financial ratios help investors to determine whether Aberdeen Mutual 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 security.
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