Aberdeen Small Cap Fund Market Value
| GNSRX Fund | USD 26.25 0.46 1.78% |
| Symbol | Aberdeen |
Aberdeen Small '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 Small'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 Small.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Aberdeen Small on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Aberdeen Small Cap or generate 0.0% return on investment in Aberdeen Small over 30 days. Aberdeen Small is related to or competes with Fidelity Advisor, HUMANA, Morningstar Unconstrained, High Yield, Thrivent High, Via Renewables, and T Rowe. The fund normally invests at least 80 percent of the value of its net assets, plus any borrowings for investment purpose... More
Aberdeen Small 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 Small'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 Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.24 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 5.03 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 1.78 |
Aberdeen Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aberdeen Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aberdeen Small's standard deviation. In reality, there are many statistical measures that can use Aberdeen Small historical prices to predict the future Aberdeen Small's volatility.| Risk Adjusted Performance | 0.0133 | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0038 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aberdeen Small'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 Small Cap Backtested Returns
We consider Aberdeen Small very steady. Aberdeen Small Cap secures Sharpe Ratio (or Efficiency) of 0.0044, which signifies that the fund had a 0.0044% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Aberdeen Small Cap, which you can use to evaluate the volatility of the entity. Please confirm Aberdeen Small's mean deviation of 0.8698, and Risk Adjusted Performance of 0.0133 to double-check if the risk estimate we provide is consistent with the expected return of 0.0049%. The fund shows a Beta (market volatility) of 1.54, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Aberdeen Small will likely underperform.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Aberdeen Small Cap has insignificant reverse predictability. Overlapping area represents the amount of predictability between Aberdeen Small time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 Small Cap price movement. The serial correlation of -0.19 indicates that over 19.0% of current Aberdeen Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
Aberdeen Small Cap lagged returns against current returns
Autocorrelation, which is Aberdeen Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Aberdeen Small returns to help us make a trade decision. For example, suppose you find that Aberdeen Small 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 Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aberdeen Small 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 Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Aberdeen Small Lagged Returns
When evaluating Aberdeen Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aberdeen Small mutual fund have on its future price. Aberdeen Small 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 Small autocorrelation shows the relationship between Aberdeen Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Aberdeen Small Cap.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Aberdeen Small in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Aberdeen Small's short interest history, or implied volatility extrapolated from Aberdeen Small options trading.
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Aberdeen Small technical mutual fund 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, fund market cycles, or different charting patterns.