Abrdn Physical Gold Etf Market Value
| SGOL Etf | USD 25.51 0.22 0.87% |
| Symbol | Abrdn |
The market value of abrdn Physical Gold 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.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Abrdn Physical on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding abrdn Physical Gold or generate 0.0% return on investment in Abrdn Physical over 360 days. Abrdn Physical is related to or competes with Abrdn Physical, GraniteShares Gold, SPDR Gold, Abrdn Physical, and Abrdn Physical. The Shares are intended to constitute a simple and cost-effective means of making an investment similar to an investment... 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 Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9792 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.73 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 1.48 |
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 | 0.0695 | |||
| Jensen Alpha | 0.0794 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.86) |
abrdn Physical Gold Backtested Returns
As of now, Abrdn Etf is very steady. abrdn Physical Gold secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the etf had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for abrdn Physical Gold, which you can use to evaluate the volatility of the entity. Please confirm Abrdn Physical's Risk Adjusted Performance of 0.0695, downside deviation of 0.9792, and Semi Deviation of 0.8399 to double-check if the risk estimate we provide is consistent with the expected return of 0.0971%. The etf shows a Beta (market volatility) of -0.0844, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Abrdn Physical are expected to decrease at a much lower rate. During the bear market, Abrdn Physical is likely to outperform the market.
Auto-correlation | 0.85 |
Very good predictability
abrdn Physical Gold has very good predictability. Overlapping area represents the amount of predictability between Abrdn Physical time series from 28th of November 2023 to 26th of May 2024 and 26th of May 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 Gold 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 | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 1.79 |
abrdn Physical Gold 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 Gold.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Abrdn Physical Correlation, Abrdn Physical Volatility and Abrdn Physical Alpha and Beta module to complement your research on Abrdn Physical. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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.