Abrdn Physical Palladium Etf Market Value
| PALL Etf | USD 94.40 1.02 1.09% |
| Symbol | Abrdn |
The market value of abrdn Physical Palladium is measured differently than its book value, which is the value of Abrdn that is recorded on the company's balance sheet. Investors also form their own opinion of Abrdn Physical's value that differs from its market value or its book value, called intrinsic value, which is Abrdn Physical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Abrdn Physical's market value can be influenced by many factors that don't directly affect Abrdn Physical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Abrdn Physical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Abrdn Physical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Abrdn Physical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Abrdn Physical '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 Physical'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 Physical.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Abrdn Physical on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding abrdn Physical Palladium or generate 0.0% return on investment in Abrdn Physical over 30 days. Abrdn Physical is related to or competes with Abrdn Physical, Abrdn Physical, Abrdn Physical, and Abrdn Physical. The fund is designed for investors who want a cost-effective and convenient way to invest in palladium with minimal cred... More
Abrdn Physical 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 Physical'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 Physical Palladium upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.54 | |||
| Information Ratio | 0.0182 | |||
| Maximum Drawdown | 13.91 | |||
| Value At Risk | (3.48) | |||
| Potential Upside | 3.95 |
Abrdn Physical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Abrdn Physical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Abrdn Physical's standard deviation. In reality, there are many statistical measures that can use Abrdn Physical historical prices to predict the future Abrdn Physical's volatility.| Risk Adjusted Performance | 0.0515 | |||
| Jensen Alpha | 0.0953 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0198 | |||
| Treynor Ratio | 0.2739 |
abrdn Physical Palladium Backtested Returns
As of now, Abrdn Etf is very steady. abrdn Physical Palladium secures Sharpe Ratio (or Efficiency) of 0.0501, which signifies that the etf had a 0.0501% return per unit of risk over the last 3 months. We have found thirty technical indicators for abrdn Physical Palladium, which you can use to evaluate the volatility of the entity. Please confirm Abrdn Physical's Semi Deviation of 2.47, downside deviation of 2.54, and Risk Adjusted Performance of 0.0515 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. The etf shows a Beta (market volatility) of 0.55, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Abrdn Physical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Abrdn Physical is expected to be smaller as well.
Auto-correlation | -0.85 |
Excellent reverse predictability
abrdn Physical Palladium has excellent reverse predictability. Overlapping area represents the amount of predictability between Abrdn Physical time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Physical Palladium price movement. The serial correlation of -0.85 indicates that around 85.0% of current Abrdn Physical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 11.19 |
abrdn Physical Palladium lagged returns against current returns
Autocorrelation, which is Abrdn Physical 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 Physical's etf expected returns. We can calculate the autocorrelation of Abrdn Physical returns to help us make a trade decision. For example, suppose you find that Abrdn Physical 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 Physical 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 Physical etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Abrdn Physical etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Abrdn Physical etf over time.
Current vs Lagged Prices |
| Timeline |
Abrdn Physical Lagged Returns
When evaluating Abrdn Physical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Abrdn Physical etf have on its future price. Abrdn Physical 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 Physical autocorrelation shows the relationship between Abrdn Physical etf current value and its past values and can show if there is a momentum factor associated with investing in abrdn Physical Palladium.
Regressed Prices |
| Timeline |
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Abrdn Physical technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.